Fact sheet: Investec American Eq

Fund information
Fund name
Investec American Equity I Inc USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Alessandro Dicorradosince 01/03/2016
Fund objective
The Fund aims to achieve long-term capital growth primarily through investment in companies either listed and/or domiciled in the United States of America, or established outside of the United States of America but carrying out a significant portion of their business activities in the United States of America.
Benchmark
  • S&P 500 Index (Net)
Investment style
None
Investment method
Shares
Quick stats
1 Year return
14.7%
1 Year rank in sector
27/208
Sector
FO Equity - USA
Yield
0.3%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.03%
Fund size
£42m (£56m 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.
112
Top in this sector
Fund name1 Year
Dodge & Cox US Stk39.9%
Hermes US SMID Equity36.6%
Oyster US Selection34.8%
T. Rowe Price USLgeCapValEq34.1%
Wells Fargo WW US SelEqt34.1%
...more in FO Equity - USA

Performance snapshot

Holdings snapshot

  • North America91.7%
    Money Market8.3%
  • Financials27.6%
    Information Technology16.2%
    Industrials16.1%
    Health Care11.9%
    Consumer Discretionary11.1%
  • US Equities91.7%
    Money Market8.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund10.8%7.8%11.1%14.7%27.9%65.2%
Sector6.2%1.9%5.6%6.1%19.4%68.2%
Rank within sector20 / 22020 / 21946 / 21427 / 20840 / 177102 / 147
Quartile1st1st1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund18%-3.9%9.8%27.3%7.5%
Sector7%-1.6%10.7%31.8%10.2%
Rank within sector25 / 210145 / 19399 / 178137 / 162133 / 149
Quartile1st4th3rd4th4th
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.
2.5
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.
0.88
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.
0.42
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%.
10.69
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.
4.5
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.
0.39
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.
0.84
Price movement
52 week high24.69
52 week low18.55
Current bid price-
Current offer price-
Current mid price24.86
Region
1North America91.7%
2Money Market8.3%
Industry sector
1Financials27.6%
2Information Technology16.2%
3Industrials16.1%
4Health Care11.9%
5Consumer Discretionary11.1%
6Money Market8.3%
7Consumer Staples6.7%
8Energy2.1%
Asset type
1US Equities91.7%
2Money Market8.3%
Individual holdings
1BANK OF AMERICA CORP5.7%
2CITIGROUP INC5.4%
3DEERE & CO5.3%
4MICROSOFT CORP5.1%
5AMERICAN EXPRESS CO4.9%
6MANITOWOC FOODSERVICE INC4.7%
7WASHINGTON FEDERAL INC4.4%
8JOHNSON & JOHNSON3.8%
9LEUCADIA NATIONAL CORP3.6%
Management
Fund manager group
Investec
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund objective
The Fund aims to achieve long-term capital growth primarily through investment in companies either listed and/or domiciled in the United States of America, or established outside of the United States of America but carrying out a significant portion of their business activities in the United States of America.
Benchmark
  • S&P 500 Index (Net)
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Alessandro Dicorrado01/03/2016Alessandro is a portfolio manager within the Value team at Investec Asset Management. Since January 2016, he assumed co-portfolio management of the Investec Global Special Situations and Investec Global Value Equity strategies. In 2011, Alessandro joined Investec Asset Management as an analyst in the Value team. Previously he worked at JP Morgan Chase & Co as a fixed income derivatives salesperson in London. He graduated from UCL in 2004 with a Bachelor of Science (Hons.) degree in Economics and holds a Master’s degree in Finance from the London Business School. He has passed level three of the CFA Programme.
Compliance
Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Chile, Cayman Islands, Germany, Denmark, Spain, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Peru, Singapore, Taiwan - Province Of China
Investec American Equity A Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price24.17
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAUK4
Investec American Equity A Gr Inc USD
Initial charge5%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price113.22
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGO36
Investec American Equity C Gr Inc USD
Initial charge3%
Annual charge2.25%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.72%
Total expense ratio (TER)2.68%
Bid price-
Offer price-
Mid price64
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIB04
Investec American Equity F Gr Acc USD
Initial charge5%
Annual charge1%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.17%
Total expense ratio (TER)2.13%
Bid price-
Offer price-
Mid price24.14
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeY627
Investec American Equity I Inc USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price24.86
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeAHU5
Data provided by

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