Fact sheet: DNB ECO Abs Rt

Fund information
Fund name
DNB ECO Absolute Return A EUR
Fund manager company
DNB Asset Management S.A.
Fund type
No data available.
Fund managers
  • Christian Romsince 01/12/2010
  • Jon Sigurdsensince 19/10/2010
Fund objective
DNB ECO Absolute Return is a long/short equity fund investing in the global renewable energy sector. Renewable energy is an underdeveloped sector on the rise, which means that it holds many of tomorrow's winners and losers. As a result, the sector is well-suited to active hedge fund management. Many renewable energy companies are under-researched and this influences the investment process, which is based on fundamental company research. The fund is managed by an experienced team and has a balanced portfolio of long and short positions in equities, which may be implemented by the use of standard OTC-derivatives. The portfolio managers are supported by a proprietary risk management system and controlled by an independent risk control function. The fund employs a relatively low net position in equities and therefore aims to produce absolute returns uncorrelated to returns in equity markets. The fund's long-term return target is 7 to 12 percentage points above the risk-free interest rate per annum, with a target yearly standard deviation of 10 to 20 percentage.
Benchmark
  • 3 mth Bubill
Investment style
Market Neutral
Investment method
Commodity/Energy
Quick stats
1 Year return
25.9%
1 Year rank in sector
3/109
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.
3.81%
Fund size
£288m
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.
121
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

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund10.8%11%11.6%25.9%6.3%-9.2%
Sector0.6%-0.1%0.5%-2.2%3.5%14.6%
Rank within sector4 / 1184 / 1278 / 1213 / 10936 / 7347 / 50
Quartile1st1st1st1st2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund19.3%-8.3%-3.3%-12.9%-0.9%
Sector-1.9%2.7%2.5%7.1%3.9%
Rank within sector5 / 11090 / 9465 / 7566 / 6747 / 52
Quartile1st4th4th4th4th
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.
1.48
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.
0.21
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%.
16.82
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.
16.95
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.
-0.05
Price movement
52 week high107.16
52 week low84.56
Current bid price-
Current offer price-
Current mid price109.21
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1RENEWABLE ENERGY GROUP INC9.6%
2ENEL SPA6.2%
3SCATEC SOLAR ASA5.2%
4SIG PLC4.9%
5AMG ADVANCED METALLURGICAL GROUP NV4.8%
Management
Fund manager group
DNB Asset Management
Fund manager company
DNB Asset Management S.A.
Fund type
No data available.
Fund objective
DNB ECO Absolute Return is a long/short equity fund investing in the global renewable energy sector. Renewable energy is an underdeveloped sector on the rise, which means that it holds many of tomorrow's winners and losers. As a result, the sector is well-suited to active hedge fund management. Many renewable energy companies are under-researched and this influences the investment process, which is based on fundamental company research. The fund is managed by an experienced team and has a balanced portfolio of long and short positions in equities, which may be implemented by the use of standard OTC-derivatives. The portfolio managers are supported by a proprietary risk management system and controlled by an independent risk control function. The fund employs a relatively low net position in equities and therefore aims to produce absolute returns uncorrelated to returns in equity markets. The fund's long-term return target is 7 to 12 percentage points above the risk-free interest rate per annum, with a target yearly standard deviation of 10 to 20 percentage.
Benchmark
  • 3 mth Bubill
Investment style
Market Neutral
Investment method
Commodity/Energy
Fund managers
NameSinceBiography
Christian Rom01/12/2010Mr.Rom is co-portfolio manager for the long only and long/short renewable energy strategies with DNB Asset Management, currently responsible for Power Generation in both strategies. Mr. Rom came in 2010 from Carnegie Securities where he was an equity research covering renewables, mining and technology. He received his Master in Business and Economics from the Norwegian School of Management (BI) in Norway and speaks Norwegian and English.
Jon Sigurdsen19/10/2010Jon Sigurdsen is lead portfolio manager for long only and absolute return renewable energy strategies with DNB Asset Management. Mr. Sigurdsen joined the technology team at DNB Asset Management in 2005 from Carnegie Securities where he was an equity analyst. He was appointed co-manager for the Renewable Energy strategy in 2007. Between 1998 and 2004 Mr. Sigurdsen was an equity analyst at Nordea Securities in Oslo, specializing in the IT, Telecom and Media sectors. He received his BA in Business from the Liverpool John Moores University and speaks Norwegian and English.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Finland, United Kingdom, Iceland, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Sweden
DNB ECO Absolute Return A EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.81%
Total expense ratio (TER)3.81%
Bid price-
Offer price-
Mid price109.2133
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMEN0
DNB ECO Absolute Return A NOK
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.77%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price1177.9988
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM8Y3
DNB ECO Absolute Return A NOK EUR
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.77%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price121.9646
CurrencyEUR
Price updated27/03/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0KP
DNB ECO Absolute Return A SEK
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.8%
Total expense ratio (TER)3.8%
Bid price-
Offer price-
Mid price1121.412
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM8Y2
DNB ECO Absolute Return A SEK EUR
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.8%
Total expense ratio (TER)3.8%
Bid price-
Offer price-
Mid price111.3052
CurrencyEUR
Price updated27/03/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0KQ
Data provided by

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