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 29/06/2014
  • Adrian Brasssince 29/06/2014
  • Tom Morrissince 29/06/2014
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
20.1%
1 Year rank in sector
84/249
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.
0.83%
Fund size
£53m (£54m 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
138.1
Top in this sector
Fund name1 Year
First State Gbl Resrcs60.8%
UBS FTSE RAFI Devlpd 1000 Idx38.3%
Orbis Gbl Eq37.7%
NFU Mutual Global Growth33.5%
Natixis HarsAsGblConcntdEq32.6%
...more in UT Global

Performance snapshot

Holdings snapshot

  • USA48.2%
    UK9.5%
    Japan7.4%
    Money Market4.6%
    France3.2%
  • Internet9.5%
    Banks7.7%
    Telecommunications Utilities6.2%
    Wireless & Mobile Communications5%
    Money Market4.6%
  • US Equities48.2%
    UK Equities9.5%
    Japanese Equities7.4%
    Money Market4.6%
    French Equities3.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%6.6%19.2%20.1%--
Sector-2.3%2.7%14.3%16.4%29.1%69.3%
Rank within sector70 / 26520 / 26449 / 25884 / 249--
Quartile2nd1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund19.4%7.5%---
Sector16.4%3.4%6.7%19.7%9.9%
Rank within sector93 / 25251 / 242---
Quartile2nd1st
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 high141.68
52 week low99.63
Current bid price-
Current offer price-
Current mid price138.1
Region
1USA48.22%
2UK9.53%
3Japan7.39%
4Money Market4.63%
5France3.25%
6Korea3.01%
7China2.93%
8Netherlands2.81%
9South Africa2.69%
Industry sector
1Internet9.54%
2Banks7.65%
3Telecommunications Utilities6.22%
4Wireless & Mobile Communications4.96%
5Money Market4.63%
6Semi Conductors4.28%
7Biotechnology/Medical4.08%
8Oil & Gas - Integrated4.07%
9Financial Services4.01%
Asset type
1US Equities48.22%
2UK Equities9.53%
3Japanese Equities7.39%
4Money Market4.63%
5French Equities3.25%
6South Korean Equities3.01%
7Chinese Equities2.93%
8Dutch Equities2.81%
9South African Equities2.69%
Individual holdings
1KONINKLIJKE KPN NV2.81%
2MICROSOFT CORP2.77%
3SOFTBANK GROUP CORP2.75%
4TAKE TWO INTERACTIVE SOFTWARE INC2.52%
5ANGLO AMERICAN2.39%
6ORANGE SA2.32%
7ALPHABET INC2.22%
8GILEAD SCIENCES INC2.18%
9NASPERS2.09%
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 Record29/06/2014Tom 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 Brass29/06/2014Adrian 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 Morris29/06/2014Tom 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)1.58%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price135.62
CurrencyGBP
Price updated01/12/2016
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)1.58%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price100.47
CurrencyUSD
Price updated01/12/2016
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)0.08%
Total expense ratio (TER)0.11%
Bid price-
Offer price-
Mid price140.62
CurrencyGBP
Price updated01/12/2016
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)0.08%
Total expense ratio (TER)0.11%
Bid price-
Offer price-
Mid price104.18
CurrencyUSD
Price updated01/12/2016
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)0.83%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price138.1
CurrencyGBP
Price updated01/12/2016
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)0.83%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price102.31
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKL7N
Data provided by

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