Fact sheet: FL HSBC Stg Liq

Fund information
Fund name
FL HSBC Sterling Liquidity NGP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Philip Walshsince 01/01/2008
  • Tony Carpentiersince 31/08/2012
Underlying fund
HSBC Global Liquidity Sterling
Fund objective
HSBC state that the fund aims to provide security of capital which can be converted into cash, with a return in line with interest rates available on Sterling money markets. The fund will hold a mix of high quality, short term debt issued by companies and governments, valued in, or giving exposure to, Sterling. At the time of investment, this debt will have a minimum rating, as defined by a Credit Rating Agency, of A-1/P-1.
Benchmark
  • LIBOR LIBID GBP 1w
Investment style
Liquidity
Investment method
Certificate of Deposit
Quick stats
1 Year return
0.6%
1 Year rank in sector
15/241
Sector
PN Money Market
Yield
-
Fund size
£4m (£3m 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.
1
Top in this sector
Fund name1 Year
Zurich BlackRock EurLiq Fst Pn17.1%
ReAssure HL FxIntPn Stf Pn9%
ReAssure HL FxIntPnStf LS Pn9%
Phoenix Fixed Int Individual Pn6.5%
Phoenix Prop Old Bldg Society Pn4.9%
...more in PN Money Market

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%0.3%0.6%1.7%-
Sector-0.1%-0.1%0.3%0.6%1.1%1.6%
Rank within sector58 / 24930 / 24613 / 24715 / 24113 / 226-
Quartile1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund0.5%0.6%0.5%--
Sector0.6%0%0.4%0.2%0.3%
Rank within sector23 / 24211 / 22919 / 226--
Quartile1st1st1st
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.
0.59
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.
-0.1
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%.
0.17
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.
0.33
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.
0.66
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.
0.02
Price movement
52 week high102.1
52 week low101.5
Current bid price-
Current offer price-
Current mid price102.1
Region
1Money Market100%
Industry sector
1Cash Deposits59.4%
2Commercial Paper31.8%
3Fixed Interest8.8%
Asset type
1Money Market100%
Individual holdings
1GROUP BPCE SA5.6%
2SUMITOMO MITSUI BANKING CORP5.5%
3ING GROEP N.V.4.5%
4ERSTE ABWICKLUNGSANSTALT4.2%
5BNP PARIBAS4.1%
6GERMANY (REPUBLIC OF)3.9%
7SUMITOMO MITSUI TRUST BANK LTD PERP SUB NOTES USD100000 `144A`3.9%
8NORDEA BANK AB3%
9TORONTO-DOMINION BANK2.9%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
HSBC state that the fund aims to provide security of capital which can be converted into cash, with a return in line with interest rates available on Sterling money markets. The fund will hold a mix of high quality, short term debt issued by companies and governments, valued in, or giving exposure to, Sterling. At the time of investment, this debt will have a minimum rating, as defined by a Credit Rating Agency, of A-1/P-1.
Benchmark
  • LIBOR LIBID GBP 1w
Investment style
Liquidity
Investment method
Certificate of Deposit
Fund managers
NameSinceBiography
Philip Walsh01/01/2008Philip Walsh (Paris) is a fund manager in the euro management team and has been working in the industry since 1988. Philip is specialised on sterling-denominated money market funds. Prior to his current role, Philip worked as head of project management during three years and as head of Market Data Team during six years both in HSBC Investments' Middle Office. Philip started his career working for Dun and Bradstreet as a business analyst in 1988 and for a reinsurance company as a client relationship manager. Philip holds a BAin Economics and Law from the University of Limerick (Ireland).
Tony Carpentier31/08/2012Tony Carpentier (Paris) is a fund manager in the euro fund management team and has been working in the industry since 2001. Tony is in charge of fixed income funds and specialises in euro money market funds. Prior to his current role, Tony worked as fixed income trader dealing in bonds, derivatives and foreign exchange during four years and fund manager's assistant in charge of the settlement and treasury of HSBC funds. Tony holds a Master's degree in Finance from ESC Dijon Business School
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
FL HSBC Sterling Liquidity NGP
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 price102.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGFWD
FL HSBC Sterling Liquidity NGP Inet
Initial charge-
Annual charge0.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.35%
Bid price-
Offer price-
Mid price100.83
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGFWE
Data provided by

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