Fact sheet: FL Absolute Insight EmgMkDt Pn

Fund information
Fund name
FL Absolute Insight Emerging Market Debt Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • Colm McDonaghsince 30/09/2008
Underlying fund
Abs Insight Emg Mkt Dt
Fund objective
Insight Investments state that the fund aims to provide absolute returns in all market conditions. The fund uses discretionary management and may employ a range of hedging techniques. The fund aims to achieve returns through direct holdings of debt and debt-related securities relating primarily to emerging market countries. The fund aims to augment these returns by generating long-term capital growth, primarily from investing in fixed income, interest rate and exchange rate strategies across a range of primarily emerging market bond markets, by using a full range of derivatives. The fund may also invest up to 10% in non-emerging markets debt, debt-related securities and derivatives. The fund will also maintain a portfolio of liquid or near cash assets. The fund may use derivatives for investment purposes.
Benchmark
  • LIBID GBP 3 month
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1.5%
1 Year rank in sector
407/514
Sector
PN Specialist
Yield
-
Fund size
£0m (£0m 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.
29
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus48.9%
ReAssure AL NptRu&GtrRus Pn48.8%
L&G Nep Russia&Gtr Russia Pn48.2%
OMW InvescoPerpetualEmgEurpn44.4%
Scot Eq JPM Emg Eur Eq Pn43.8%
...more in PN Specialist

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-4.7%-2.7%1.5%3.3%16.9%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector451 / 546502 / 545510 / 531407 / 514334 / 386241 / 317
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund1.7%-2.5%3.7%0.8%13.2%
Sector9.3%2%7.2%11%7.7%
Rank within sector399 / 514405 / 450294 / 388301 / 35757 / 318
Quartile4th4th4th4th1st
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.
0.02
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.
0.18
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%.
3.01
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.
5.61
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.
-0.87
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.
0.13
Price movement
52 week high128.8
52 week low119.3
Current bid price-
Current offer price-
Current mid price121.7
Region
1Latin America23.8%
2Eastern Europe11.2%
3Africa7.1%
4Middle East6.8%
5Asia5.5%
6North America-4.1%
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0% TB 26/01/17 USD1005.29%
2UNITED STATES OF AMER TREAS BILLS 0% TB 09/02/17 USD10005.18%
3UNITED STATES OF AMER TREAS BILLS 0% TB 02/02/17 USD1004.99%
4UNITED STATES OF AMER TREAS BILLS 0% BDS 16/03/17 USD1004.98%
5UNITED STATES OF AMER TREAS BILLS 0% TB 09/03/17 USD1004.98%
6UNITED STATES OF AMER TREAS BILLS 0% TB 23/02/17 USD1004.98%
7UNITED STATES OF AMER TREAS BILLS 0% TB 23/03/17 USD1004.88%
8INSIGHT USD LIQUIDITY 24.7%
9UNITED STATES OF AMER TREAS BILLS 0% TB 02/03/17 USD10004%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Insight Investments state that the fund aims to provide absolute returns in all market conditions. The fund uses discretionary management and may employ a range of hedging techniques. The fund aims to achieve returns through direct holdings of debt and debt-related securities relating primarily to emerging market countries. The fund aims to augment these returns by generating long-term capital growth, primarily from investing in fixed income, interest rate and exchange rate strategies across a range of primarily emerging market bond markets, by using a full range of derivatives. The fund may also invest up to 10% in non-emerging markets debt, debt-related securities and derivatives. The fund will also maintain a portfolio of liquid or near cash assets. The fund may use derivatives for investment purposes.
Benchmark
  • LIBID GBP 3 month
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Colm McDonagh30/09/2008Colm joined Insight in November 2008 as Head of Emerging Market Fixed Income, responsible for all emerging debt strategies. Prior to joining Insight Colm's previous roles included partner at Hydra Capital Management (an emerging market fixed income boutique) and Head of Global Emerging Market Debt at Aberdeen Asset Management. He began his career at Bank of America in 1996 as an emerging market Eurobond trader. He has invested across the wide spectrum of the asset class through long only and alternative strategies. Colm holds a B.B.L.S. honours degree in Finance and Law from University College, Dublin.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
FL Absolute Insight Emerging Market Debt Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJH3
FL Absolute Insight Emerging Market Debt Pn Inet
Initial charge-
Annual charge1.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price109.26
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJH4
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.