Fact sheet: Candriam Risk Arbitrage

Fund information
Fund name
Candriam Risk Arbitrage C
Fund manager company
Candriam
Fund type
No data available.
Fund manager
  • TERRAZ Emmanuelsince 08/09/2003
Fund objective
Objective investment : Outperform Eonia Performance expectation : Performance expectation of Eonia + [50 | 100] bps
Benchmark
  • EONIA
Investment style
Arbitrage
Investment method
Equity
Quick stats
1 Year return
-0.5%
1 Year rank in sector
48/109
Sector
FO Hedge/Stru Prod - Equity
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.
0.62%
Fund size
£131m (£171m 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.
65
Top in this sector
Fund name1 Year
Majedie Tortoise28.4%
MontLake ToscaMiCaUCITS27.8%
DNB ECO Abs Rt25.9%
Stratton Street Japan Syn Warrant21%
Income Partners AllSeasnAsCred19.5%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

  • International39.6%
    North America33%
    Eurozone18.7%
    Europe6%
    UK2.7%
  • Others54.8%
    Information Technology8.5%
    Consumer Discretionary7.9%
    Health Care5.6%
    Materials5.5%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%-0.7%1.2%-0.5%1.1%4.2%
Sector0.6%-0.1%0.5%-2.2%3.5%14.6%
Rank within sector41 / 11870 / 12748 / 12148 / 10949 / 7340 / 50
Quartile2nd3rd2nd2nd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-1%0.4%1.4%1.9%1.7%
Sector-1.9%2.7%2.5%7.1%3.9%
Rank within sector50 / 11066 / 9446 / 7555 / 6739 / 52
Quartile2nd3rd3rd4th3rd
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.
-0.24
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.
0.39
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
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%.
2.16
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.
2.66
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.
-0.36
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.
0.34
Price movement
52 week high2543.02
52 week low2445.82
Current bid price-
Current offer price-
Current mid price2516.13
Region
1International39.56%
2North America33.03%
3Eurozone18.74%
4Europe6.01%
5UK2.66%
Industry sector
1Others54.8%
2Information Technology8.49%
3Consumer Discretionary7.85%
4Health Care5.56%
5Materials5.53%
6Energy5.04%
7Industrials5.02%
8Consumer Staples3.76%
9Financials2.23%
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Dexia Asset Management
Fund manager company
Candriam
Fund type
No data available.
Fund objective
Objective investment : Outperform Eonia Performance expectation : Performance expectation of Eonia + [50 | 100] bps
Benchmark
  • EONIA
Investment style
Arbitrage
Investment method
Equity
Fund manager
NameSinceBiography
TERRAZ Emmanuel08/09/2003Emmanuel Terraz has been deputy head of alternative strategies at Candriam since 2013. He began his career as an index arbitrage trader at Société Générale in 1997, moving to Barclays Capital three years later to be head of index arbitrage. In 2003 he joined Candriam as head of index arbitrage management, and became head of quantitative alternative strategies in 2009. He took up his current position in 2013. Emmanuel holds engineering degrees from the Ecole Polytechnique and the Ecole Supérieure d'Electricité, both in France. He also has a master in statistics from the University of Paris VII.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands
Candriam Risk Arbitrage C
Initial charge1%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2516.13
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB3K8
Candriam Risk Arbitrage N Cap
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1006.77
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN4G1
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