Fact sheet: BlackRock GF World Fincl

Fund information
Fund name
BlackRock GF World Financials A2RF USD
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Vasco Morenosince 30/04/2015
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests globally at least 70% of its total assets in the shares of companies the main business of which is financial services.
Benchmark
  • MSCI ACWI Financials Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-1%
1 Year rank in sector
8/11
Sector
FO Equity - Financial
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.
1.83%
Fund size
£266m (£475m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
138
Top in this sector
Fund name1 Year
Sanlam Global Financial32.9%
Polar Capital GblInsnrc28.3%
Fidelity Gbl Financl Svs22.2%
JGF-Jupiter Gbl Fins14.6%
Polar Capital Asian Financials8.2%
...more in FO Equity - Financial

Performance snapshot

Holdings snapshot

  • USA47.8%
    France7.3%
    Netherlands6.4%
    India5.8%
    Italy4.8%
  • Banks64%
    Financials11.7%
    Insurance11.7%
    Services8.6%
    Money Market2.6%
  • US Equities47.8%
    French Equities7.3%
    Dutch Equities6.4%
    Indian Equities5.8%
    Italian Equities4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund7.2%8.6%11.8%-1%-2.8%59.6%
Sector4.1%5.7%10.5%1.5%15.6%68.6%
Rank within sector4 / 116 / 116 / 118 / 1110 / 119 / 11
Quartile2nd3rd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund2.6%-7.6%0.8%27.9%32.1%
Sector4.7%1.7%7.6%20.3%20.9%
Rank within sector9 / 1110 / 1111 / 113 / 111 / 11
Quartile4th4th4th2nd1st
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.
-7.11
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.
1.33
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.
-0.01
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%.
17.49
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.
7.09
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.
-0.89
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.
0.9
Price movement
52 week high20.79
52 week low15.31
Current bid price-
Current offer price-
Current mid price20.62
Region
1USA47.8%
2France7.26%
3Netherlands6.39%
4India5.83%
5Italy4.82%
6China3.63%
7Spain3.22%
8UK3.16%
9Brazil2.89%
Industry sector
1Banks63.95%
2Financials11.65%
3Insurance11.65%
4Services8.57%
5Money Market2.55%
6Mortgage & Secured Bonds1.63%
Asset type
1US Equities47.8%
2French Equities7.26%
3Dutch Equities6.39%
4Indian Equities5.83%
5Italian Equities4.82%
6Chinese Equities3.63%
7Spanish Equities3.22%
8UK Equities3.16%
9Brazilian Equities2.89%
Individual holdings
1JPMORGAN CHASE & CO4.93%
2BANK OF AMERICA CORP4.47%
3CITIGROUP INC4.38%
4BANK OF CHINA LTD3.63%
5BNP PARIBAS3.37%
6INTESA SANPAOLO SPA3.24%
7BANCO BILBAO VIZCAYA ARGENTARIA SA3.22%
8CITIZENS FINANCIAL GROUP3.08%
9MASTERCARD INC2.98%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests globally at least 70% of its total assets in the shares of companies the main business of which is financial services.
Benchmark
  • MSCI ACWI Financials Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Vasco Moreno30/04/2015Vasco Moreno recently joined the Global Equity Platform, working for the London based Global Equity team. Prior to joining BlackRock, he covered the Global Financials book at UBS where he had a dual Analyst / Portfolio Manager role for a fund as large as $350m. Previous to that, Vasco spent 9 years at Keefe Bruyette & Woods (KBW), which he joined as Head of European Research and Strategy, later promoted to CEO of the London operation.Prior to joining KBW in 2004, he was with Fox-Pitt Kelton as Head of European Banks Research with additional responsibility for European Investment Banking Strategy. The team was Extel ranked in the top 6 consistently during his tenure. He began his career as an Analyst at Kidder Peabody.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Brunei Darussalam, Switzerland, Chile, China, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Gibraltar, Greece, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Mauritius, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Sweden, Taiwan - Province Of China
BlackRock GF World Financials A2RF EUR
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price19.46
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMT85
BlackRock GF World Financials A2RF USD
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price20.62
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMO58
BlackRock GF World Financials C2 EUR
Initial charge-
Annual charge2.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.21
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMT87
BlackRock GF World Financials C2 USD
Initial charge-
Annual charge2.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.08%
Total expense ratio (TER)3.06%
Bid price-
Offer price-
Mid price17.18
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMD96
BlackRock GF World Financials D2RF EUR
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price20.86
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF36A
BlackRock GF World Financials D2RF USD
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price22.1
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBMU0
BlackRock GF World Financials E2 EUR
Initial charge3%
Annual charge2%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.33%
Total expense ratio (TER)2.31%
Bid price-
Offer price-
Mid price18.12
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYG63
BlackRock GF World Financials E2 USD
Initial charge3%
Annual charge2%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.33%
Total expense ratio (TER)2.31%
Bid price-
Offer price-
Mid price19.2
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYG62
BlackRock GF World Financials X2 USD
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.58
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFE8E
Data provided by

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