Fact sheet: F&C Macro Gbl Bd £

Fund information
Fund name
F&C Macro Global Bond GBP A Hedged Dis USD
Fund manager company
F&C IRL (BMO Global Asset Mana
Fund type
Fund managers
  • Steven Bellsince 01/07/2014
  • Michiel de Bruinsince 01/07/2014
Fund objective
The Fund aims to achieve a total return primarily through investment in debt securities and instruments which may be either fixed, floating rate or index/ inflation linked, issued or guaranteed by EU/OECD Issuers.
No data available.
Investment style
Investment method
Fixed Interest
Quick stats
1 Year return
1 Year rank in sector
FO Fixed Int - Global
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.
Fund size
£14m (£34m 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.
Top in this sector
Fund name1 Year
Capital Group GHIOL43.5%
Dodge & Cox Global Bond34.8%
Russell Gbl Bd34.1%
Morg Stnly Gbl Mrtg Securts32.8%
Capital Group GBdFL32.7%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • Money Market120.4%
  • Government Bonds83.5%
    Government Index Linked21.8%
    Money Market-5.7%
  • Money Market120.4%
    US Fixed Interest9%
    Australian Fixed Interest6.4%
    Italian Fixed Interest6.4%
    Spanish Fixed Interest4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector------
Calendar performance
 YTD - 20162015201420132012
Rank within sector-----
Risk statistics
?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 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.
?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 (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.
?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 high10
52 week low9.24
Current bid price-
Current offer price-
Current mid price9.42
1Money Market120.4%
7Not Specified0.4%
Industry sector
1Government Bonds83.5%
2Government Index Linked21.8%
4Money Market-5.7%
Asset type
1Money Market120.4%
2US Fixed Interest9%
3Australian Fixed Interest6.4%
4Italian Fixed Interest6.4%
5Spanish Fixed Interest4.3%
6Canadian Fixed Interest1.1%
7Global Fixed Interest0.4%
8UK Fixed Interest-4.5%
9French Fixed Interest-12.1%
Individual holdings
No data available.
Fund manager group
Fund manager company
F&C IRL (BMO Global Asset Mana
Fund type
Fund objective
The Fund aims to achieve a total return primarily through investment in debt securities and instruments which may be either fixed, floating rate or index/ inflation linked, issued or guaranteed by EU/OECD Issuers.
No data available.
Investment style
Investment method
Fixed Interest
Fund managers
Steven Bell01/07/2014Steven Bell is the Principal Portfolio Manager of the GLC Global Macro programme and a Director of GLC. He joined GLC in early 2006 to launch the programme, after 20 years at Deutsche Bank and predecessor companies. He was previously Investment Head of the UK Multi-Asset Business of Deutsche Asset Management as well as Global Chief Economist and Fund Manager of the UK Balanced, Global Equity and Euro Asset Allocation Funds. He was appointed Managing Director, Chief Economist and Head of Global Markets Research of Deutsche Morgan Grenfell in 1995.
Michiel de Bruin01/07/2014Michiel de Bruin is a Director and Head of Euro Government Bonds, having joined F&C in 2003. Prior to this Michiel managed the Euro Government bond portfolios for F&C's Dutch Insurance customers. Michiel was educated at the HTS Amsterdam and at the Free University Amsterdam. Before joining F&C Michiel worked for more than 15 years in various fixed income senior trading and sales positions, including co- head of Fixed Income at NIB Capital and board member of the electronic bond trading platform MTS Amsterdam. Michiel is registered at the Dutch Securities Institute (DSI) as both a Senior Investment Manager and Senior Securities Trader.
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Malta, Netherlands, Norway, Offshore, Singapore, Sweden
F&C Macro Global Bond GBP A Hedged Dis USD
Initial charge5%
Annual charge0.6%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.4186
Price updated15/02/2016
Institutional or retail classRetail
Citi codeM9CX
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