Fact sheet: L&G Investec Global Gold Pn

Fund information
Fund name
L&G Investec Global Gold Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Hanre Rossouwsince 01/04/2015
  • George Cheveleysince 01/04/2015
Underlying fund
Investec Global Gold
Fund objective
The Fund aims to achieve long term capital growth primarily through investment in equities issued by companies around the globe involved in gold mining and in derivatives the underlying assets of which are equities issued by companies around the globe involved in gold mining.
Benchmark
  • Euromoney Global Gold
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
4.7%
1 Year rank in sector
61/63
Sector
PN Commodity & Energy
Yield
-
Fund size
£0m (£2m 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.
301
Bid price
89.95
Offer price
89.95
Top in this sector
Fund name1 Year
FL JPM Natural Res AP43.7%
Aviva JPM Nat Resources Pn43.2%
Scot Eq JPM Natrl Resrcs Pn42.7%
HLL JPM Natural Res Pn42.7%
FL MyM JPM Natural Res Pn42.5%
...more in PN Commodity & Energy

Performance snapshot

Holdings snapshot

  • Canada51.9%
    Australia21.9%
    USA9.8%
    South Africa8.3%
    UK5.6%
  • Gold92.9%
    Precious Metals & Stones6.6%
    Money Market0.5%
  • Commodity & Energy99.5%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.1%-12%3.1%4.7%29.3%-17.4%
Sector-2.4%-8.9%-0.1%24.6%5.9%-12.8%
Rank within sector63 / 6463 / 6422 / 6461 / 6320 / 6121 / 57
Quartile4th4th2nd4th2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.9%70.9%-15.3%-5.5%-43.8%
Sector-3.6%70.6%-24.9%-8.9%-25%
Rank within sector7 / 6439 / 623 / 6125 / 6139 / 61
Quartile1st3rd1st2nd3rd
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.
9.44
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.
1.33
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.
0.13
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%.
38.01
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.
19.77
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.
0.36
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.
0.76
Price movement
52 week high124.83
52 week low79.89
Current bid price89.95
Current offer price89.95
Current mid price-
Region
1Canada51.9%
2Australia21.9%
3USA9.8%
4South Africa8.3%
5UK5.6%
6Peru2%
7Money Market0.5%
Industry sector
1Gold92.9%
2Precious Metals & Stones6.6%
3Money Market0.5%
Asset type
1Commodity & Energy99.5%
2Money Market0.5%
Individual holdings
1AGNICO EAGLE MINES9.7%
2BARRICK GOLD CORP9.1%
3NEWMONT MINING CORP8.7%
4NEWCREST MINING7.7%
5EVOLUTION MINING LTD4.8%
6NORTHERN STAR RESOURCES LTD4.6%
7RANDGOLD RESOURCES4.6%
8GOLDCORP INC4.3%
9ANGLOGOLD ASHANTI3.9%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The Fund aims to achieve long term capital growth primarily through investment in equities issued by companies around the globe involved in gold mining and in derivatives the underlying assets of which are equities issued by companies around the globe involved in gold mining.
Benchmark
  • Euromoney Global Gold
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Hanre Rossouw01/04/2015Hanré is a portfolio manager within the Commodities & Resources team covering precious metals and frontier and emerging market resources. Prior to joining the firm in 2013, he was the Chief Financial Officer of Xstrata Alloys overseeing Xstrata plc’s chrome and platinum interests in South Africa. He joined Xstrata in 2004, and also held other senior roles in Strategy, M&A and Investor Relations in London as part of the core team that built Xstrata into a global diversified mining company, subsequently acquired by Glencore for $30bn in 2013. His mining career started as graduate engineer at Anglo American plc (with experience at AngloGold and AngloCoal) and later also worked for De Beers and Accenture. Hanré graduated from Oxford University with a Master’s degree in Business Administration. He has also holds a Bachelor of Engineering degree in Chemical Engineering and a Bachelor of Commerce (Hons.) degree in Economics.
George Cheveley01/04/2015George is a portfolio manager and metals and mining specialist in the Commodities & Resources team at Investec Asset Management having joined the firm in 2007. Prior to this, he was a market analyst for three years at BHP Billiton, working in The Hague and Singapore. He was recruited to BHP Billiton in 2004 from CRU (Commodities Research Unit), an independent metals/chemicals related research company based in London. At CRU, he spent three years in the Carbon Steel team and five years as a Research Manager – Copper, providing in-depth research and forecasts to the industry, banks and hedge funds. George began his career in 1990 in operations at British Steel Strip Products, working for three years in the Tinplate division. George graduated from the University of Oxford in 1989 with an honours degree in Classics and in 1995 was awarded an MBA from Warwick University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Investec Global Gold Pn 3
Initial charge-
Annual charge0.87%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.1%
Bid price89.95
Offer price89.95
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCX2
L&G Investec Global Gold Pn G25
Initial charge-
Annual charge1.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.38%
Bid price88.45
Offer price88.45
Mid price-
CurrencyGBX
Price updated25/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeCLO9
Data provided by

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