Fact sheet: Clerical Medical Abs Ret Pn

Fund information
Fund name
Clerical Medical Absolute Return Pension
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund managers
  • Reza Vishkaisince 01/02/2009
No data available.
Fund objective
To deliver positive absolute returns over rolling 12 month periods in all market conditions, by investing mainly in a range of absolute return funds which employ different strategies. The fund can invest in regulated and unregulated funds. This may involve investing up to 100% in funds managed by HBOS Investment Fund Managers Limited. Derivatives may be used for investment purposes, but it is not intended that doing so will change the fund's risk profile. There is no guarantee that the fund will deliver positive absolute returns over the specific, or any, time period.
Benchmark
  • LIBID GBP 3 month
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
-1.5%
1 Year rank in sector
454/510
Sector
PN Specialist
Yield
-
Fund size
£4m (£5m 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.
10
Bid price
127.8
Offer price
134.5
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus38.7%
ReAssure AL NptRu&GtrRus Pn38.2%
L&G Nep Russia&Gtr Russia Pn38%
SIP Fidelity Gbl Technology Pn34.2%
OMW InvescoPerpetualEmgEurpn33.6%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • Structured Products21.8%
    Global Emerging Market Fixed Interest19%
    Global Fixed Interest18.6%
    Others16.3%
    Money Market16.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-0.4%-0.5%-1.5%0.3%10%
Sector-1.8%-0.3%7.2%8.4%19.9%43%
Rank within sector112 / 546276 / 544466 / 531454 / 510345 / 386272 / 313
Quartile1st3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-1.4%-1.2%3.9%6.1%
Sector8.9%2%7.2%11%7.7%
Rank within sector461 / 514320 / 450338 / 388254 / 357221 / 318
Quartile4th3rd4th3rd3rd
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.
0.28
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.
0.01
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%.
1.71
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.
6.01
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.
-1
Price movement
52 week high129.9
52 week low127.6
Current bid price127.8
Current offer price134.5
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1Structured Products21.8%
2Global Emerging Market Fixed Interest19.03%
3Global Fixed Interest18.58%
4Others16.28%
5Money Market16.18%
6International Equities8.5%
Individual holdings
1ABSOLUTE INSIGHT FUNDS UK EQTY MKT NEUTRAL CLS SP GBP21.8%
2ABSOLUTE INSIGHT FUNDS EMERGING MARKET DEBT AP CHF19.03%
3ABSOLUTE INSIGHT CREDIT FUND 18.58%
4ABSOLUTE INSIGHT FUNDS DYNAMIC OPPORTUNITIES AP EUR16.28%
5ABSOLUTE INSIGHT FUNDS CURRENCY AP CHF15.5%
6BNY MELLON ABSOLUTE RETURN EQUITY FUND8.5%
7INSIGHT LIQUIDITY FUND (ZERO MANAGEMENT FEE)0.68%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund objective
To deliver positive absolute returns over rolling 12 month periods in all market conditions, by investing mainly in a range of absolute return funds which employ different strategies. The fund can invest in regulated and unregulated funds. This may involve investing up to 100% in funds managed by HBOS Investment Fund Managers Limited. Derivatives may be used for investment purposes, but it is not intended that doing so will change the fund's risk profile. There is no guarantee that the fund will deliver positive absolute returns over the specific, or any, time period.
Benchmark
  • LIBID GBP 3 month
Investment style
Absolute Return
Investment method
No data available.
Fund managers
NameSinceBiography
Reza Vishkai01/02/2009Reza joined Insight in June 2005 as Head of Alternatives and is now responsible for Insight's Specialist Investment activities, which includes Insight's absolute return, specialist equity and real assets such as Farmland. Before joining Insight, he spent eight years at Schroder Investment Management Limited (Schroders) as manager of structured investments and hedge funds. Prior to Schroders, he was a consultant with Rogers, Casey and Associates. Reza began his investment career at Salomon Brothers as a fixed income analyst. Reza holds a BS degree in Operations Research from Columbia University's School of Engineering and Applied Science and holds a BA degree in Liberal Arts from Columbia College.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Clerical Medical Absolute Return Pension
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price127.8
Offer price134.5
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDNM5
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.