Fact sheet: Majedie Global Equity

Fund information
Fund name
Majedie Global Equity X Acc GBP
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund managers
  • Tom Recordsince 30/06/2014
  • Adrian Brasssince 30/06/2014
  • Tom Morrissince 30/06/2014
Fund objective
To maximise total return and to outperform the MSCI All Country World Index over the long term through investment in a diversified portfolio of primarily global equity securities
Benchmark
  • MSCI ACWI
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
32.8%
1 Year rank in sector
55/241
Sector
UT Global
Yield
0.4%
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.
0.81%
Fund size
£59m (£52m 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.
110
Mid price
150.02
Top in this sector
Fund name1 Year
Natixis HarsAsGblConcntdEq53%
Baillie Gifford Global Select44.7%
NFU Mutual Global Growth44.3%
R&M World Recovery43.6%
Aubrey GblConviction42.2%
...more in UT Global

Performance snapshot

Holdings snapshot

  • USA49.5%
    UK11.1%
    Japan6.5%
    Korea3.1%
    China3%
  • Banks9.8%
    Internet8.9%
    Oil & Gas - Integrated5.3%
    Telecommunications Utilities4.5%
    Health Care3.9%
  • US Equities49.5%
    UK Equities11.1%
    Japanese Equities6.5%
    South Korean Equities3.1%
    Chinese Equities3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.7%-1.5%7.6%32.8%--
Sector2.1%1.1%8.5%28.1%40.5%83.7%
Rank within sector96 / 255232 / 251154 / 25055 / 241--
Quartile2nd4th3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund2.6%24.8%7.5%--
Sector4.9%21%3.4%6.7%19.7%
Rank within sector212 / 25191 / 23848 / 228--
Quartile4th2nd1st
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 high152.64
52 week low111.92
Current bid price-
Current offer price-
Current mid price150.02
Region
1USA49.52%
2UK11.14%
3Japan6.52%
4Korea3.09%
5China3.04%
6Italy2.96%
7South Africa2.77%
8Money Market2.75%
9France2.67%
Industry sector
1Banks9.8%
2Internet8.87%
3Oil & Gas - Integrated5.31%
4Telecommunications Utilities4.53%
5Health Care3.95%
6Biotechnology/Medical3.95%
7Semi Conductors3.48%
8Wireless & Mobile Communications3.39%
9Software3.25%
Asset type
1US Equities49.52%
2UK Equities11.14%
3Japanese Equities6.52%
4South Korean Equities3.09%
5Chinese Equities3.04%
6Italian Equities2.96%
7South African Equities2.77%
8Money Market2.75%
9French Equities2.67%
Individual holdings
1SOFTBANK GROUP CORP3.39%
2ROYAL DUTCH SHELL3.25%
3ANGLO AMERICAN2.58%
4FACEBOOK INC2.29%
5TAKE TWO INTERACTIVE SOFTWARE INC2.28%
6ALPHABET INC2.2%
7NASPERS2.14%
8JPMORGAN CHASE & CO2.01%
9MICROSOFT CORP1.94%
Management
Fund manager group
Majedie
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund objective
To maximise total return and to outperform the MSCI All Country World Index over the long term through investment in a diversified portfolio of primarily global equity securities
Benchmark
  • MSCI ACWI
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Tom Record30/06/2014Tom Record is a fund manager and analyst with 14 years’ investment experience in international equity markets. Tom is responsible for co-managing both the Global Equity and Global Focus funds. Before joining Majedie in 2014, Tom had been an Investment Manager at Baillie Gifford, where his team was responsible for managing institutional portfolios with combined international equity assets of $30bn. While at Baillie Gifford, he also managed a range of Global Emerging Market funds. Tom holds Master of Arts and Master of Natural Sciences degrees, specialising in Biochemistry, from Pembroke College, Cambridge. He is a CFA charter holder.
Adrian Brass30/06/2014Adrian Brass is a fund manager and analyst with 21 years’ investment experience in international equity markets. Adrian is responsible for lead managing the US Equity Fund and co-managing both the Global Equity and the Global Focus funds. Before joining Majedie in 2014, Adrian was a Fund Manager at Fidelity, where he managed US equity funds including the America Fund for six years, growing total assets to over $8bn. Previously he managed a global consumer sector fund from 2006. Prior to that he managed various global equity funds at Investec Asset Management, a firm he joined in 2000 from Schroders, where he was a UK and then pan-European analyst. Adrian joined Schroders in 1995. He holds a Bachelor of Sciences degree in Economics & Politics from the University of Bristol and is a CFA charter holder.
Tom Morris30/06/2014Tom Morris is a fund manager and analyst with 7 years’ investment experience in UK and international equity markets. Tom is responsible for co-managing both the Global Equity and Global Focus funds and also the Tortoise Fund. Tom holds a Master of Sciences degree in Natural Sciences, specialising in Physics, from St Catharine’s College, Cambridge. He is a CFA charter holder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Majedie Global Equity A Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price146.81
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKL7I
Majedie Global Equity A Acc USD
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price112.01
CurrencyUSD
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKL7J
Majedie Global Equity B Acc GBP
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.11%
Bid price-
Offer price-
Mid price153.3
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKL7K
Majedie Global Equity B Acc USD
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.11%
Bid price-
Offer price-
Mid price116.97
CurrencyUSD
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKL7L
Majedie Global Equity X Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price150.02
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKL7M
Majedie Global Equity X Acc USD
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price114.46
CurrencyUSD
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKL7N
Data provided by

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