Fact sheet: GLG Global Convertible

Fund information
Fund name
GLG Global Convertible A USD
Fund manager company
GLG Partners LP
Fund type
No data available.
Fund manager
  • Steve Rothsince 01/01/2006
Fund objective
The investment strategy of the GLG Global Convertible Fund (the “Fund”) seeks to provide capital appreciation through investments mainly in convertible bonds, warrants and preferred stocks. The Fund targets equity-like returns but with lower risk and a focus on capital preservation.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
-0.4%
1 Year rank in sector
24/72
Sector
FO Convertible
Yield
-
Fund size
£148m
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.
80
Top in this sector
Fund name1 Year
Man Convertibles Am9.2%
CQS Global Convertible UCITS4.5%
HAM Gbl Convtbl Bd3.3%
Franklin Gl Cnvtl Secrts2.4%
Convertible & Credit2.1%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • North America31.3%
    Europe ex UK25.8%
    Japan22.5%
    Asia Pacific ex Japan13.8%
    UK4.4%
  • Financials20.7%
    Communications17%
    Technology14%
    Cyclical Consumer Goods12.6%
    Industrials12.4%
  • Convertibles108.2%
    Others7.2%
    Alternative Investment Strategies0.7%
    International Equities-7.6%
    Global Fixed Interest-8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%0.6%2.6%-0.4%2.3%22.2%
Sector-0.4%-0.4%1.1%-1.8%5.7%29.2%
Rank within sector19 / 7315 / 7320 / 7324 / 7249 / 6144 / 52
Quartile2nd1st2nd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund1.1%1.2%-0.5%8.1%11.4%
Sector-0.5%2.9%2.3%11.7%10.9%
Rank within sector20 / 7253 / 6756 / 6145 / 5523 / 52
Quartile2nd4th4th4th2nd
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.
-1.11
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.
0.89
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%.
5.33
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.
1.83
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.
-0.73
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 high345.75
52 week low315.82
Current bid price-
Current offer price-
Current mid price345.75
Region
1North America31.32%
2Europe ex UK25.83%
3Japan22.5%
4Asia Pacific ex Japan13.81%
5UK4.39%
6Latin America3.52%
7Middle East2.41%
8Africa1.05%
9International-4.83%
Industry sector
1Financials20.7%
2Communications17.04%
3Technology13.96%
4Cyclical Consumer Goods12.64%
5Industrials12.36%
6Non-Cyclical Consumer Goods11.46%
7Energy6.82%
8Basic Materials4.39%
9Utilities3.45%
Asset type
1Convertibles108.18%
2Others7.22%
3Alternative Investment Strategies0.67%
4International Equities-7.59%
5Global Fixed Interest-8.48%
Individual holdings
No data available.
Management
Fund manager group
GLG Partners
Fund manager company
GLG Partners LP
Fund type
No data available.
Fund objective
The investment strategy of the GLG Global Convertible Fund (the “Fund”) seeks to provide capital appreciation through investments mainly in convertible bonds, warrants and preferred stocks. The Fund targets equity-like returns but with lower risk and a focus on capital preservation.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Steve Roth01/01/2006Steve joined GLG in November 2005 to manage the GLG Market Neutral and GLG Global Convertible Funds. Prior to that he spent 7 years at Deutsche Bank where he was a managing director and head of the top ranked European convertible business and subsequently co-head of a proprietary convertible and capital structure arbitrage group. Steve graduated from Cambridge University in 1992 with an MA in Computer Science.
Compliance
Reporting Fund Status
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
GLG Global Convertible A USD
Initial charge5%
Annual charge1%
Min single investment£125,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price345.75
CurrencyUSD
Price updated25/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLG93
GLG Global Convertible C USD
Initial charge2%
Annual charge1%
Min single investment£125,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price147.68
CurrencyUSD
Price updated25/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLL87
GLG Global Convertible D EUR
Initial charge5%
Annual charge1%
Min single investment£125,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price207.76
CurrencyEUR
Price updated25/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLG70
GLG Global Convertible F EUR
Initial charge2%
Annual charge1%
Min single investment£125,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price148.21
CurrencyEUR
Price updated25/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLG71
Data provided by

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