Fact sheet: Harness Macro Currency

Fund information
Fund name
Harness Macro Currency H1 USD
Fund manager company
Harness Investment Group Ltd
Fund type
Offshore Fund
Fund manager
  • Philippe Peresssince 31/03/2009
Fund objective
The investment objective of the Sub-Fund is to achieve long-term capital growth through the use of international currency fluctuations. The Sub-Fund provides Shareholders in each Class with exposure to the performance of the Harness Macro Currency strategy (the "Strategy"), a notional foreign exchange trading strategy, which is owned and operated by the Investment Manager. The Strategy provides exposure to different currencies via foreign exchange transactions such as spot foreign exchange transactions, OTC foreign exchange forwards and currency options as further described below under the heading “The Strategy”.
Benchmark
  • LIBOR USD 3 month
Investment style
Macro
Investment method
Money Market
Quick stats
1 Year return
-7%
1 Year rank in sector
7/8
Sector
FO Hedge/Stru Prod - Currency
Yield
-
Fund size
£0m
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.
61
Top in this sector
Fund name1 Year
CGS FMS Gbl Evl EM Debt & FX8.5%
Principal GIF GblTmDivAbRt8.3%
Amundi Abst Mac For-0.2%
Blackpoint Nemrod Euro-1.4%
NB Diversified Curr-1.8%
...more in FO Hedge/Stru Prod - Currency

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund--0.8%-5.4%-7%-1.8%21.2%
Sector0%0.1%0.4%1%3.7%-4.2%
Rank within sector-6 / 99 / 97 / 85 / 61 / 6
Quartile3rd4th4th4th1st
Calendar performance
 YTD - 20162015201420132012
Fund-6%-1.9%7.7%4.3%17.6%
Sector1.1%0.4%2.2%-6.5%-1.6%
Rank within sector8 / 85 / 71 / 62 / 61 / 6
Quartile4th3rd1st2nd1st
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.
-0.97
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.
0.42
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%.
6.29
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.
6.3
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.
-0.29
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.
0.01
Price movement
52 week high1036.28
52 week low956.2
Current bid price-
Current offer price-
Current mid price963.41
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Harness Investment Group Ltd
Fund type
Offshore Fund
Fund objective
The investment objective of the Sub-Fund is to achieve long-term capital growth through the use of international currency fluctuations. The Sub-Fund provides Shareholders in each Class with exposure to the performance of the Harness Macro Currency strategy (the "Strategy"), a notional foreign exchange trading strategy, which is owned and operated by the Investment Manager. The Strategy provides exposure to different currencies via foreign exchange transactions such as spot foreign exchange transactions, OTC foreign exchange forwards and currency options as further described below under the heading “The Strategy”.
Benchmark
  • LIBOR USD 3 month
Investment style
Macro
Investment method
Money Market
Fund manager
NameSinceBiography
Philippe Peress31/03/2009
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, France, United Kingdom, Italy, Luxembourg, Offshore
Harness Macro Currency H1 USD
Initial charge-
Annual charge1%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price963.41
CurrencyUSD
Price updated31/10/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN0YR
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.