Fact sheet: Investec Sterling Money

Fund information
Fund name
Investec Sterling Money D Gr Inc GBP
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Russell Silberstonsince 01/03/2012
Fund objective
The Fund aims to give holders of the relevant Shares access to income at wholesale Eurocurrency market interest rates in Sterling. This Fund is a short term money market fund and while the Fund aims to preserve capital, this is not guaranteed.
Benchmark
  • LIBID 7 day
Investment style
None
Investment method
Deposits
Quick stats
1 Year return
-0.1%
1 Year rank in sector
39/42
Sector
FO Currency - Sterling
Yield
-
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.
0.49%
Fund size
£193m (£139m last year)
Top in this sector
Fund name1 Year
Hume Caut MA Stg2.1%
Payden & Rygel Sterling Rsrv1.2%
Aberdeen Liq(L)USDurStg0.9%
Insight ILF GBP Liquidity Plus0.8%
BlackRock ICS InstStgUl SBd0.6%
...more in FO Currency - Sterling

Performance snapshot

Holdings snapshot

  • Money Market100%
  • Government Bonds42.2%
    Certificates of Deposit41.5%
    Money Market11.5%
    Commercial Paper4.8%
  • Money Market100%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%-0.1%-0.1%-0.1%-0.2%-0.4%
Sector0%0%0.1%0.5%1.2%2.2%
Rank within sector42 / 4643 / 4642 / 4439 / 4237 / 3830 / 31
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.1%-0.1%-0%-0.1%-0.1%
Sector0.3%0.6%0.3%0.3%0.6%
Rank within sector40 / 4238 / 3935 / 3733 / 3729 / 30
Quartile4th4th4th4th4th
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.
-0.07
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.
-0.01
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.
-
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%.
0.04
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.
0.18
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.
-2.38
Price movement
52 week high9.98
52 week low9.97
Current bid price-
Current offer price-
Current mid price9.97
Region
1Money Market100%
Industry sector
1Government Bonds42.2%
2Certificates of Deposit41.5%
3Money Market11.5%
4Commercial Paper4.8%
Asset type
1Money Market100%
Individual holdings
1UNITED KINGDOM OF GREAT BRITAIN 07 NOV 16 TBS4.8%
2UNITED KINGDOM OF GREAT BRITAIN 03 OCT 16 TBS4.6%
3UNITED KINGDOM OF GREAT BRITAIN 10 OCT 16 TBS4.2%
4UNITED KINGDOM OF GREAT BRITAIN 24 OCT 16 TBS4.2%
5BANK OF AMERICA CORP 0.35% CT OF DEP 04/01/17 GBP13.6%
6BANK OF MONTREAL 20 DEC 16 0.21 COD3.6%
7DZ BANK AG 03 JAN 17 0.39 COD3.6%
8NORDEA GROUP 15 DEC 16 0.32 COD3.6%
9SUMITOMO TRUST AND BANKING CO 20 DEC 16 0.4 COD3.6%
Management
Fund manager group
Investec
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund objective
The Fund aims to give holders of the relevant Shares access to income at wholesale Eurocurrency market interest rates in Sterling. This Fund is a short term money market fund and while the Fund aims to preserve capital, this is not guaranteed.
Benchmark
  • LIBID 7 day
Investment style
None
Investment method
Deposits
Fund managers
NameSinceBiography
Russell Silberston01/03/2012Russell is the head of Reserve Management, with primary responsibility for managing active interest rate and currency decisions in developed markets. Prior to joining Investec Asset Management, Russell worked for Cazenove Fund Management where he was a fixed income portfolio manager responsible for sterling treasury management services and UK, US and euro short interest rate forecasts. Before joining Cazenove in 2001, Russell worked for Investec Asset Management where his responsibilities included running multi-currency money market funds and non-sterling short dated cash plus products. Prior to that, Russell worked for Investec Bank where he ran a proprietary trading desk. From 1986 to 1995 Russell worked for Clive Discount Co. Ltd. where he traded a wide variety of on and off-balance sheet instruments. Russell started his City career at Samuel Montagu & Co. in 1982.
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Cayman Islands, Germany, Denmark, Spain, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Singapore, Taiwan - Province Of China, South Africa
Investec Sterling Money A Gr Acc GBP
Initial charge-
Annual charge0.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price56.5798
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGO70
Investec Sterling Money A Gr Inc GBP
Initial charge-
Annual charge0.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price9.9595
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGO69
Investec Sterling Money D Gr Acc GBP
Initial charge-
Annual charge0.65%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)0.49%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price55.3416
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGO24
Investec Sterling Money D Gr Inc GBP
Initial charge-
Annual charge0.65%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)0.49%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price9.9675
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGO29
Investec Sterling Money I Gr Acc GBP
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price30.3356
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF8SV
Investec Sterling Money I Gr Inc GBP
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price30.0332
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF8SW
Investec Sterling Money S Gr Inc GBP
Initial charge10%
Annual charge-
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price30.0406
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF8SX
Data provided by

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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.