Fact sheet: FL HSBC Open Global Prop AP

Fund information
Fund name
FL HSBC Open Global Property AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • Dr. Guy Donovan Morrellsince 26/11/2007
Underlying fund
HSBC Open Gbl Property
Fund objective
HSBC state that the objective of the fund is to provide long-term capital growth. The policy is to invest predominantly in property securities, property related securities and collective investment schemes that, in turn, invest directly or indirectly in property, unlisted property and listed property securities. There will be no geographical restrictions. The fund may also invest in other transferable securities, money market instruments, deposits, cash and near cash and derivatives.
Benchmark
  • IA - Property
Investment style
No data available.
Investment method
Mixed
Quick stats
1 Year return
8.9%
1 Year rank in sector
45/59
Sector
PN Global Property
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.
66
Top in this sector
Fund name1 Year
OMW Aviva Asia Pacific Prp29.3%
L&G First State Asian Prp SecPn22.7%
LV= Sch Gbl Rel Est Sec Inc Pn21.8%
FL L&G Gbl RealEstate EqIdx Pn21.5%
OMW First State Asn Prp Sec21%
...more in PN Global Property

Performance snapshot

Holdings snapshot

  • North America43.8%
    Asia Pacific24.3%
    UK17.6%
    Continental Europe10.6%
    Money Market3.7%
  • Property Shares88.1%
    Money Market8.3%
    Property3.7%
  • Property Shares96.3%
    Money Market3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.4%-3.9%3.5%8.9%35.7%63.8%
Sector-3.7%-2.9%5.1%10.5%35.2%59.3%
Rank within sector12 / 6014 / 6045 / 5945 / 5931 / 5533 / 50
Quartile1st1st4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.2%6.8%18.3%7.2%12.9%
Sector9.2%5.5%17.6%2%15.3%
Rank within sector45 / 598 / 5836 / 557 / 5541 / 51
Quartile4th1st3rd1st4th
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.
2.12
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.
0.8
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.
1.04
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%.
7.38
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.
3.01
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.
0.89
Price movement
52 week high421.5
52 week low349.3
Current bid price-
Current offer price-
Current mid price393.7
Region
1North America43.75%
2Asia Pacific24.32%
3UK17.62%
4Continental Europe10.63%
5Money Market3.68%
Industry sector
1Property Shares88.05%
2Money Market8.27%
3Property3.68%
Asset type
1Property Shares96.32%
2Money Market3.68%
Individual holdings
1HSBC HGIF GLOBAL REAL ESTATE EQUITY FUND24.85%
2ISHARES II PLC US PROPERTY YIELD UCITS ETF $ DIST GBP16.66%
3ISHARES II PLC US PROPERTY YIELD UCITS ETF $ DIST GBP16.66%
4ISHARES ASIA PROPERTY YIELD FUND9.84%
5F&C REAL ESTATE SECURITIES B ACC EUR7.14%
6AXA WF FRAMLINGTON GLOBAL FLEXIBLE PROPERTY FUND6.71%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
HSBC state that the objective of the fund is to provide long-term capital growth. The policy is to invest predominantly in property securities, property related securities and collective investment schemes that, in turn, invest directly or indirectly in property, unlisted property and listed property securities. There will be no geographical restrictions. The fund may also invest in other transferable securities, money market instruments, deposits, cash and near cash and derivatives.
Benchmark
  • IA - Property
Investment style
No data available.
Investment method
Mixed
Fund manager
NameSinceBiography
Dr. Guy Donovan Morrell26/11/2007Guy joined HSBC in 2004 to establish its indirect property team. Guy is the Portfolio Manager of the HSBC Open Global Property Fund. He has 29 years’ experience in property investment. He was formerly Chief Investment Officer Global Property at Henderson Global Investors having joined the group in 1996 to head up AMP’s property fund management team. Previously he worked at Prudential Portfolio Managers and Healey & Baker. Guy holds a PhD from the University of Reading a first class honours BSc from De Montfort University and is a chartered surveyor. He is a member of the Investment Property Databank (IPD) Consultative Groups and is a Visiting Fellow at the London School of Economics Department of Geography and the Environment.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL HSBC Open Global Property AP
Initial charge-
Annual charge1.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price393.7
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBVG6
FL HSBC Open Global Property AP Inet
Initial charge-
Annual charge1.48%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.15%
Bid price-
Offer price-
Mid price348.5
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCPD1
Data provided by

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