Fact sheet: Man Convtl Eur

Fund information
Fund name
Man Convertibles Europe D Acc EUR
Fund manager company
Man Investments
Fund type
Offshore Fund
Fund managers
  • Stefan Krausesince 01/07/2012
  • Carsten Oppeltsince 15/07/2015
Fund objective
This fund invests primarily in European convertible bonds. It seeks to achieve superior returns through capital appreciation and interest income. After allocating the fund's assets to sectors, the manager selects convertible bonds considered undervalued by using sophisticated mathematical models. The investment policy allows the fund to hedge the equity, interest rate and currency exposure
Benchmark
  • Merrill Lynch Europe Convertible
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
8.2%
1 Year rank in sector
23/74
Sector
FO Convertible
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.
1.79%
Fund size
£79m (£100m 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.
73
Top in this sector
Fund name1 Year
Man Convertibles Am17.2%
Swisscanto (LU) Bond COCO15.3%
CQS Global Convertible UCITS13.8%
Franklin Gl Cnvtl Secrts13.4%
Principal GIF SpcGlCapSec12.7%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Germany24.7%
    UK21.3%
    Others12.8%
    Netherlands11.9%
    France8.7%
  • BBB31.9%
    BB26.6%
    A18.3%
    B13.6%
    Non-Rated6.1%
  • German Fixed Interest23.5%
    UK Fixed Interest19.2%
    Dutch Fixed Interest12.3%
    Money Market12.1%
    French Fixed Interest9.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%1.7%5.7%8.2%6.2%29.1%
Sector0.8%1.8%5%6.9%7.1%32.2%
Rank within sector69 / 7440 / 7424 / 7423 / 7438 / 6134 / 52
Quartile4th3rd2nd2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.1%2.1%3%0.7%9%
Sector3.8%0.7%2.9%2.3%11.7%
Rank within sector50 / 7424 / 7332 / 6852 / 6137 / 54
Quartile3rd2nd2nd4th3rd
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.
-0.27
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.
1.01
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
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%.
6.55
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.
3.3
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.
-0.09
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.
0.74
Price movement
52 week high190.88
52 week low167.68
Current bid price-
Current offer price-
Current mid price189.13
Region
1Germany24.67%
2UK21.29%
3Others12.84%
4Netherlands11.94%
5France8.66%
6Switzerland4.98%
7United Arab Emirates4.38%
8Italy3.88%
9Norway3.48%
Industry sector
1BBB31.9%
2BB26.6%
3A18.3%
4B13.6%
5Non-Rated6.1%
6CCC2.6%
7Money Market0.9%
Asset type
1German Fixed Interest23.51%
2UK Fixed Interest19.21%
3Dutch Fixed Interest12.26%
4Money Market12.05%
5French Fixed Interest9.59%
6Swiss Fixed Interest5.31%
7GCC Fixed Interest4.72%
8Italian Fixed Interest4.25%
9Russian Fixed Interest3.57%
Individual holdings
1SIEGR WW 1.65% 16/08/2019 CV4.19%
2SHFSJ SNH CONV FIX 1.250% 21/10/20233.92%
3BNRGR 1 7/8 12/02/22 WW3.49%
4IMPNSW 0.5% 30/6/223.16%
5MHGNO 0.125 11/05/20 MHG2.6%
6INTULN 2 7/8 11/01/222.45%
7AMXLMM 0 05/28/20 28/05/20202.3%
8DPWDU 1.75% 20242.28%
9QGEN 0 3/8 03/19/19 QGEN2.28%
Management
Fund manager group
Man Investments
Fund manager company
Man Investments
Fund type
Offshore Fund
Fund objective
This fund invests primarily in European convertible bonds. It seeks to achieve superior returns through capital appreciation and interest income. After allocating the fund's assets to sectors, the manager selects convertible bonds considered undervalued by using sophisticated mathematical models. The investment policy allows the fund to hedge the equity, interest rate and currency exposure
Benchmark
  • Merrill Lynch Europe Convertible
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Stefan Krause01/07/2012Stefan Krause is a Portfolio manager for Man Investments (CH) AG, based in Pfäffikon, Switzerland. He is responsible for managing the Man Convertibles Europe fund. Prior to joining Man Investments in 2012, Stefan spent two years with Warburg Invest in Hamburg as a Portfolio manager for European convertibles and almost 5 years with UBS in Zurich holding positions in convertible bond departments on the buy and sell side. Stefan holds a Master (Thesis: Feasibility of an ETF for a Convertible Bond Index) in Business administration from the University of Zurich.
Carsten Oppelt15/07/2015Carsten Oppelt is Co-Head of Convertibles at Man Investments (CH) AG and is based in Pfäffikon, Switzerland. He is responsible for managing the Man Convertibles Far East. Prior to joining RMF (now Man Investments) in 2006, he spent six years with Activest Investment in Munich as a portfolio manager for convertible, corporate and government bonds. Carsten holds a diploma in Business administration from the Technical University of Berlin. He is also a CFA charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Cyprus, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Man Convertibles Europe D Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price189.13
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeRH12
Man Convertibles Europe D H Acc CHF
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.76%
Bid price-
Offer price-
Mid price143.71
CurrencyCHF
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSY8
Man Convertibles Europe I Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price131.51
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0L0E
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