Fact sheet: BlackRock Gbl Long Short Eq

Fund information
Fund name
BlackRock Global Long Short Equity D Acc
Fund manager company
BlackRock
Fund type
Unit Trust
Fund manager
  • Kevin Franklinsince 30/09/2015
Fund objective
The Fund aims to achieve a positive absolute return on a 12 month basis through a combination of capital growth and income on your investment regardless of market conditions. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund’s capital is at risk. The Fund will seek to achieve its investment objective by investing primarily in equity securities (e.g. shares) and other equity-related securities (including derivatives, which are contracts the value of which is based on one or more underlying assets) and, when determined appropriate, fixed income (FI) securities (such as bonds), money market instruments (MMIs) (i.e. debt securities with short term maturities), deposits and cash.
Benchmark
  • BofA ML Sterling 3 Month LIBOR
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
-6.2%
1 Year rank in sector
65/72
Sector
UT Targeted 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.
1.36%
Fund size
£6m (£7m last year)
Bid price
94.32
Offer price
94.34
Top in this sector
Fund name1 Year
Majedie Tortoise22%
Jupiter Absolute Return11.2%
Threadneedle Tgt Rtn10.2%
CF Ruffer Absolute Return9.9%
Newton Mgd Tgtd Rtn7.8%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%3.4%0.8%-6.2%--
Sector-1%-0.3%0.8%0.1%5.5%15%
Rank within sector8 / 734 / 7442 / 7265 / 72--
Quartile1st1st3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-5.8%----
Sector-0%2.2%2.5%6.5%3.3%
Rank within sector66 / 72----
Quartile4th
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 high101.1
52 week low90.82
Current bid price94.32
Current offer price94.34
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
BlackRock
Fund manager company
BlackRock
Fund type
Unit Trust
Fund objective
The Fund aims to achieve a positive absolute return on a 12 month basis through a combination of capital growth and income on your investment regardless of market conditions. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund’s capital is at risk. The Fund will seek to achieve its investment objective by investing primarily in equity securities (e.g. shares) and other equity-related securities (including derivatives, which are contracts the value of which is based on one or more underlying assets) and, when determined appropriate, fixed income (FI) securities (such as bonds), money market instruments (MMIs) (i.e. debt securities with short term maturities), deposits and cash.
Benchmark
  • BofA ML Sterling 3 Month LIBOR
Investment style
Absolute Return
Investment method
Shares
Fund manager
NameSinceBiography
Kevin Franklin30/09/2015Kevin Chuah, Director, is a member of BlackRock’s Multi-Asset Strategies (MAS) group focusing on portfolio management within BlackRock's Multi-Strategy (MuSt) hedge fund platform. Prior to joining BlackRock, Mr. Chuah was a senior client portfolio manager at AHL, the managed futures business owned by Man Group. Previously, he worked as a product manager for Aspect Capital. Mr. Chuah began his career in Australia, before moving to London, within the fund of hedge funds team at Colonial First State Global Asset Management where he was responsible for due diligence and the management of a portfolio of hedge funds. Mr. Chuah earned a MSc degree in statistics from the London School of Economics in 2009, and a Bachelor of Commerce degree from the University of New South Wales, Australia, in 2004.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey
BlackRock Global Long Short Equity A Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)-
Bid price94.55
Offer price99.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRWA
BlackRock Global Long Short Equity D Acc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)-
Bid price94.32
Offer price94.34
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRWB
BlackRock Global Long Short Equity X Acc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)-
Bid price95.35
Offer price95.37
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE35N
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.