Fact sheet: BMO Glb Abs Rtrn Bd

Fund information
Fund name
BMO Global Absolute Return Bond F Hedged GBP
Fund manager company
F&C Lux (BMO Global Asset Mana
Fund type
Offshore Fund
Fund managers
  • Ian Robinsonsince 13/05/2016
  • Keith Pattonsince 13/05/2016
Fund objective
The objective is to provide an absolute return irrespective of bond market direction over a 12 month period. A positive return is not guaranteed over this or any time period. The Manager seeks to achieve this by investing in a diversified spread of corporate bonds (securities that pay either a fixed or variable level of income on a periodic basis and generally repay a specified amount at a pre-determined date) issued by companies and other non-governmental organisations from the major corporate bond markets. While the Manager will invest at least two thirds of its total assets in corporate bonds, it may also invest in other fixed and variable interest rate securities issued by governments and supranationals and derivative contracts. Derivatives may be used for investment purposes to hedge investment risk, replicate investment positions and generate additional return in a risk controlled manner. This may involve the use of currency forward contracts, exchange traded futures, interest rate and inflation swaps, and single name and index credit default swaps. Derivatives may also be used for the purpose of efficient portfolio management. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, deposits, cash and near cash and forward transactions. Derivatives can also be used to obtain market exposure in excess of the net asset value of the Fund. The Fund may generate varying amount of market leverage at different times.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Absolute Return
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.54%
Fund size
£0m
Top in this sector
Fund name1 Year
SW Mitchell Emerging European19.1%
Pioneer SICV-AbsRetBd14%
BlackRock SFAmDfEAbslRn13%
Orbis Optimal SA11.7%
Polar Capital UK Abs Eq11.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%-----
Sector0%1.6%1.4%0.5%3.9%10.7%
Rank within sector54 / 138-----
Quartile2nd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector0.5%0.7%1.2%3.6%3.9%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high10.08
52 week low10
Current bid price-
Current offer price-
Current mid price10.07
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
F&C
Fund manager company
F&C Lux (BMO Global Asset Mana
Fund type
Offshore Fund
Fund objective
The objective is to provide an absolute return irrespective of bond market direction over a 12 month period. A positive return is not guaranteed over this or any time period. The Manager seeks to achieve this by investing in a diversified spread of corporate bonds (securities that pay either a fixed or variable level of income on a periodic basis and generally repay a specified amount at a pre-determined date) issued by companies and other non-governmental organisations from the major corporate bond markets. While the Manager will invest at least two thirds of its total assets in corporate bonds, it may also invest in other fixed and variable interest rate securities issued by governments and supranationals and derivative contracts. Derivatives may be used for investment purposes to hedge investment risk, replicate investment positions and generate additional return in a risk controlled manner. This may involve the use of currency forward contracts, exchange traded futures, interest rate and inflation swaps, and single name and index credit default swaps. Derivatives may also be used for the purpose of efficient portfolio management. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, deposits, cash and near cash and forward transactions. Derivatives can also be used to obtain market exposure in excess of the net asset value of the Fund. The Fund may generate varying amount of market leverage at different times.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ian Robinson13/05/2016Ian Robinson is a Director and co-Head of UK Credit having joined F&C in January 2002. Ian’s career started in 1992 when he joined Whittingdale. In 1996 he moved to MGM Assurance where he was a Fixed Income Fund Manager. In 2000, Ian joined WestLB Asset Management as an Asset Manager in the Global Fixed Income & Currencies team, with responsibilities for Sterling investments and global credit exposure. Ian graduated from the University of Birmingham in 1989 with a First Class BSc(Hons) in Software Engineering. He then obtained an MSc (Eng) in Integrated Management Systems in 1990. Ian obtained his IIMR in 1995.
Keith Patton13/05/2016Keith plays a leading role in developing multi fixed income solutions across the group. Prior to joining the group in 2012 and after a brief period at Brevan Howard (the macro hedge fund) he became the global head of fixed income for UBS Wealth Management in Zurich and a member of the global asset allocation committee within the investment office. Keith began his career with the United Bank of Kuwait in 1990 as a global fixed income manager, moving to Robert Fleming in 1995 as a portfolio manager and head of European fixed income strategy. In 1997 he became a senior member of the fixed income team at Morgan Grenfell (rebranded Deutsche Asset Management) where he was a managing director and head of European fixed income strategy. In 2005 the DeAM London team was sold to Aberdeen Asset Management where he became the head of portfolio and product management. Keith has extensive experience in fixed income, asset allocation and portfolio construction roles and has managed portfolios on behalf of large corporations, central banks and government agencies. Keith graduated in 1989 from South Bank University in London with a BA (Hons) in Business Studies (specialising in Finance). He completed the Investment Management Programme at the London Business School in 1991.
Compliance
UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
BMO Global Absolute Return Bond F EUR
Initial charge-
Annual charge0.25%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE90J
BMO Global Absolute Return Bond F Hedged GBP
Initial charge-
Annual charge0.25%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.07
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE90I
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.