Fact sheet: FL Global Managed AP

Fund information
Fund name
FL Global Managed AP 8
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Gavin Counsellsince 30/11/2015
No data available.
Fund objective
The fund aims to achieve long-term growth from a combination of income generation and capital growth. This is a managed fund that normally invests directly or indirectly in UK and overseas equities. The fund may also invest in any other equity, convertible, warrant or bond, including index-linked bonds. The fund may use derivatives for investment purposes.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
27.2%
1 Year rank in sector
80/398
Sector
PN Flexible Investment
Yield
-
Fund size
£157m (£138m 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.
83
Bid price
743.4
Offer price
782.5
Top in this sector
Fund name1 Year
Baillie Gifford International PP41.8%
Scot Eq UBS Stockmkt Mgd Pn38.3%
FL Spicers Adventurous Pn38.1%
Aviva Variable Annuity CU Pn37.5%
OMW M&G Managed Growth37.5%
...more in PN Flexible Investment

Performance snapshot

Holdings snapshot

  • UK76%
    Others14%
    Money Market3%
    Australia2%
    International2%
  • Mutual Funds55%
    Financials11%
    Consumer Goods8%
    Consumer Services6%
    Industrials5%
  • Others100.6%
    UK Large Cap Companies2.4%
    UK Small Cap Companies0.1%
    UK Mid Cap Companies0.1%
    Money Market-3.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%4.5%11.6%27.2%36.6%82.1%
Sector1.9%2.2%7.3%18.5%29.2%65.2%
Rank within sector148 / 44430 / 44335 / 42180 / 398110 / 316109 / 260
Quartile2nd1st1st1st2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund7.4%19.4%1.3%7%19.5%
Sector4.5%14.2%2.5%6.7%14.8%
Rank within sector67 / 42486 / 384227 / 329122 / 30698 / 267
Quartile1st1st3rd2nd2nd
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.
-0.46
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.
1.23
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.
0.79
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%.
8.54
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.
2.5
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.
0.57
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.
0.95
Price movement
52 week high744
52 week low579.2
Current bid price743.4
Current offer price782.5
Current mid price-
Region
1UK76%
2Others14%
3Money Market3%
4Australia2%
5International2%
6China1%
7Hong Kong1%
8Netherlands1%
Industry sector
1Mutual Funds55%
2Financials11%
3Consumer Goods8%
4Consumer Services6%
5Industrials5%
6Oil & Gas4%
7Health Care3%
8Money Market3%
9Others3%
Asset type
1Others100.59%
2UK Large Cap Companies2.37%
3UK Small Cap Companies0.09%
4UK Mid Cap Companies0.05%
5Money Market-3.1%
Individual holdings
1FRIENDS LIFE FUNDS LTD AI UK EQ ALPHA INS PEN GBP INC DIS19.99%
2FL US ALL CAP EQUITY PENSION MUTUAL FUNDS16.84%
3NEW XH EUR EX UK PEN PASSIVE8.03%
4FRIENDS LIFE FUNDS LTD AI CONT EUR EQ ALPHA INS PEN GBP INC DIS7.99%
5JAPAN EQUITY TRACKER PENSION3.82%
6AVIVA INVESTORS EMERGING MARKETS LOCAL CURRENCY BOND ZY GBP3.04%
7ROYAL DUTCH SHELL1.47%
8FLC PENS PROPERTY FUND1.25%
9MSCI PACIFIC EX J MAR17 EXPO1.22%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to achieve long-term growth from a combination of income generation and capital growth. This is a managed fund that normally invests directly or indirectly in UK and overseas equities. The fund may also invest in any other equity, convertible, warrant or bond, including index-linked bonds. The fund may use derivatives for investment purposes.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Gavin Counsell30/11/2015Gavin is responsible for managing a range of multi-asset funds. Joined the investment industry in 2000, and joined Aviva Investors in 2012. Prior to joining Aviva Investors, Gavin was a Senior Investment Consultant at Towers Watson within the Strategy team. Within this role Gavin provided strategic investment advice to pension scheme trustees; schemes with assets ranging from several hundred million to multi-billion. This included providing portfolio construction analysis and asset allocation advice, to achieve both target returns and diverse risk exposures. Before joining Towers Watson, he worked as a Pensions and Investment Consultant for Aon Consulting, between 2000 and 2007, focusing on asset liability modelling studies, asset allocation, portfolio structuring and performance analytics. Gavin is a qualified Fellow of the Institute and Faculty of Actuaries. He also holds a Master of Mathematics degree from the University of Warwick.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Global Managed AP
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 price218.5
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ55
FL Global Managed AP 1
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price668.7
Offer price703.9
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQQ09
FL Global Managed AP 3
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.01%
Bid price668.7
Offer price703.9
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSP67
FL Global Managed AP 4
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price628.6
Offer price661.7
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ67
FL Global Managed AP 5
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price743.4
Offer price782.5
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB63
FL Global Managed AP 8
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price743.4
Offer price782.5
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ91
FL Global Managed AP Inet
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price329.7
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG783
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.