Fact sheet: Kames EqMaNe

Fund information
Fund name
Kames Equity Market Neutral B Acc GBP
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • David Griffithssince 02/12/2014
  • David Pringlesince 02/12/2014
  • Malcolm McPartlinsince 02/12/2014
Fund objective
The primary investment objective is to generate positive absolute returns over a three year period irrespective of market conditions.
Benchmark
  • 1 Month GBP LIBOR
Investment style
Market Neutral
Investment method
Equity
Quick stats
1 Year return
-3.4%
1 Year rank in sector
78/110
Sector
FO Hedge/Stru Prod - Equity
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.
0.91%
Fund size
£224m (£189m 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.
18
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS34.9%
DNB ECO Abs Rt28.7%
Majedie Tortoise27%
Income Partners AllSeasnAsCred25.6%
FundLogic MS DltnAsPfcUCITS25.1%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

  • International100%
  • Materials5.1%
    Health Care1.9%
    Financials0.8%
    Industrials0.7%
    Information Technology0.6%
  • International Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-0.7%0.5%-3.4%--
Sector0.7%0.6%1.5%0.4%3.9%15.1%
Rank within sector97 / 11787 / 12372 / 12078 / 110--
Quartile4th3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund-0.5%-3%2.5%--
Sector0.8%-2%2.7%2.5%7.1%
Rank within sector99 / 11164 / 11048 / 90--
Quartile4th3rd3rd
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high10.27
52 week low9.85
Current bid price-
Current offer price-
Current mid price9.9
Region
1International100%
Industry sector
1Materials5.1%
2Health Care1.9%
3Financials0.8%
4Industrials0.7%
5Information Technology0.6%
6Consumer Staples-
7Energy-0.3%
8Utilities-1.1%
9Real Estate-1.2%
Asset type
1International Equities100%
Individual holdings
1TREASURY 0% TSY BILL 05/12/16 GBP118.06%
2DZ BANK AG-DEUTSCHE ZENTRAL-GENOSBK 0.42% CT OF DEP 19/01/17 GBP14.03%
3MIZUHO BANK LTD CD 0.43% 18/01/20173.8%
4ABBEY NATIONAL TREASURY SERVICES 0.35% CT OF DEP 16/02/17 GBP13.58%
5SHIRE ORD GBP0.05 CFD2.8%
6ING BANK N.V. CD 0.38% 12/12/20162.24%
7MONDI ORD EUR0.20 CFD2.21%
8BAE SYSTEMS ORD GBP0.025 CFD2.05%
9REED ELSEVIER GBP0.1444 CFD2.03%
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital
Fund type
OEIC
Fund objective
The primary investment objective is to generate positive absolute returns over a three year period irrespective of market conditions.
Benchmark
  • 1 Month GBP LIBOR
Investment style
Market Neutral
Investment method
Equity
Fund managers
NameSinceBiography
David Griffiths02/12/2014David is an Investment Manager in the UK Equities team. He joined us in 2000 from the British Steel Pension Fund where he was a sector fund manager. David studied Aerospace Engineering at the University of Bristol, holds the IIMR and is add is an associate of the UK Society of Investment Professionals.
David Pringle02/12/2014David is an Investment Manager in the UK Equities team. He joined us in 2001 from the WM Company where he was a researcher. David studied Financial Services at Glasgow Caledonian University and is a CFA charterholder.
Malcolm McPartlin02/12/2014Malcolm is an investment manager in the UK Equities team. He is the co-manager of the Kames Equity Market Neutral Funds with David Griffiths and David Pringle and the support manager for the UK Equity Absolute Return Fund. He has analysis responsibilities for the mining and media sectors. Malcolm joined us in 2003 from Scottish Equitable where he was a business analyst. He studied Financial Services at Napier University, is a CFA charterholder and a member of the CFA institute
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Malta, Netherlands, Offshore, Sweden
Kames Equity Market Neutral A Hedged Acc EUR
Initial charge5.5%
Annual charge1.5%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.605
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMX3I
Kames Equity Market Neutral B Acc GBP
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8967
CurrencyGBP
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWJD
Kames Equity Market Neutral B Hedged Acc CHF
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.5609
CurrencyCHF
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWJG
Kames Equity Market Neutral B Hedged Acc EUR
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7121
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWJE
Kames Equity Market Neutral B Hedged Acc SEK
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.1821
CurrencySEK
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMY1U
Kames Equity Market Neutral B Hedged Acc USD
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8922
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWJF
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.