Fact sheet: L&G First State Gbl Prp Sec Pn

Fund information
Fund name
L&G First State Global Property Securities Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Stephen Hayessince 09/09/2012
Underlying fund
First State Gbl PropSec
Fund objective
The Fund aims to provide income and grow your investment. The Fund invests in shares of companies that are involved in property around the world. The Fund does not invest directly in property assets.
Benchmark
  • FTSE EPRA/NAREIT Developed
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
15.4%
1 Year rank in sector
40/59
Sector
PN Global Property
Yield
-
Fund size
£0m (£0m 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.
106
Bid price
179.17
Offer price
179.17
Top in this sector
Fund name1 Year
OMW Aviva Asia Pacific Prp44.2%
FL L&G Gbl RealEstate EqIdx Pn23.7%
L&G Gbl Real Estate Eq Ix Pn23.4%
LV= Sch Gbl Rel Est Sec Inc Pn22.9%
L&G First State Asian Prp SecPn22.8%
...more in PN Global Property

Performance snapshot

Holdings snapshot

  • USA46.7%
    UK11.1%
    Japan10.3%
    Australia7.1%
    Hong Kong5.6%
  • Others26.2%
    Retail25.7%
    Real Estate15.9%
    Offices - Property11.9%
    Residential - Property11.6%
  • Property Shares99%
    Money Market1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-5.9%5.5%15.4%47.7%75.4%
Sector-0.9%-2.8%4.8%12.7%36.8%59.5%
Rank within sector50 / 6249 / 6043 / 6040 / 5914 / 5515 / 50
Quartile4th4th3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund11.1%5%24.8%-0.2%18.7%
Sector9.8%5.5%17.6%2%15.3%
Rank within sector41 / 5918 / 588 / 5533 / 5539 / 51
Quartile3rd2nd1st3rd4th
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.
-0.87
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.
1.34
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.
0.86
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%.
12.21
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.
4.67
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.
0.54
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.
0.91
Price movement
52 week high195.7
52 week low144.86
Current bid price179.17
Current offer price179.17
Current mid price-
Region
1USA46.7%
2UK11.1%
3Japan10.3%
4Australia7.1%
5Hong Kong5.6%
6Singapore5.4%
7Netherlands4.4%
8Money Market3.7%
9France3%
Industry sector
1Others26.2%
2Retail25.7%
3Real Estate15.9%
4Offices - Property11.9%
5Residential - Property11.6%
6Money Market3.7%
7Industrials3.4%
8Health Care1.6%
Asset type
1Property Shares99%
2Money Market1%
Individual holdings
1HAMMERSON PLC5.5%
2EQUINIX INC5.4%
3VORNADO REALTY TRUST USD0.044.8%
4HUDSON PACIFIC PROPERTIES INC4.3%
5APARTMENT INVESTMENT & MANAGEMENT4.2%
6NATIONAL STORAGE REIT STAPLED (UT ORD)3.8%
7CAPITALAND3.6%
8CUBESMART3.5%
9ESSEX PROPERTY TRUST INC USD0.00013.5%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The Fund aims to provide income and grow your investment. The Fund invests in shares of companies that are involved in property around the world. The Fund does not invest directly in property assets.
Benchmark
  • FTSE EPRA/NAREIT Developed
Investment style
No data available.
Investment method
Shares
Fund managers
NameSinceBiography
Stephen Hayes09/09/2012Stephen Hayes is the Head of Property Securities for First State Investments. In his role, Stephen is ultimately responsible for overseeing all facets of the management of the regional and global real estate securities funds at First State. Stephen re-joined First State in September 2012 after he was previously Head of Property Securities at First State from 1999 to 2006. Stephen then founded Perennial Real Estate Investments in Australia in January 2006 and as Managing Director was successful in building the largest real estate securities boutique in Australia. Stephen has a Bachelor of Commerce (Economics and Management) from the University of Wollongong in Australia and is a fellow of the Financial Services Institute of Australia.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G First State Global Property Securities Pn G25
Initial charge-
Annual charge1.18%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.18%
Bid price179.17
Offer price179.17
Mid price-
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeALR4
Data provided by

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