Fact sheet: Nordea 1 £ DvrsfRtrn

Fund information
Fund name
Nordea 1 GBP Diversified Return BC
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Asbjorn Trolle Hansensince 13/10/2015
  • Kurt Kongstedsince 13/10/2015
  • Claus Vormsince 13/10/2015
Fund objective
The fund aims to preserve shareholders' capital (over a three year investment horizon) and provide a stable, positive rate of return on investment. Investments are made globally in equities, bonds (including bonds convertible in equity shares) and money market instruments denominated in various currencies. This sub-fund may also invest in financial derivative instruments - like equity and fixed income futures - to adjust the portfolio's beta and duration.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
Mixed
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Mixed Asset - Flexible
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.
0.53%
Fund size
£570m (£293m last year)
Top in this sector
Fund name1 Year
Investec EmrgMktsMA31%
HSBC Pfl World Seltn 429%
Smith & Williamson Mid-OceanWdInv27%
Northstar Mgd Stg25.9%
Baring Dynamic Emg Mkts23.2%
...more in FO Mixed Asset - Flexible

Performance snapshot

Holdings snapshot

  • USA50.8%
    Denmark11.3%
    France4.8%
    China3.4%
    UK3.4%
  • Financials29.5%
    Government Bonds16.4%
    Health Care16%
    Information Technology13.1%
    Telecommunications Utilities8.6%
  • International Equities62.6%
    Bond38.2%
    Money Market-0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%1%3.3%---
Sector0.3%3.5%4.4%5.6%11%27.2%
Rank within sector76 / 164141 / 165104 / 158---
Quartile2nd4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund8.1%----
Sector3.3%-0.1%5%6.8%6.9%
Rank within sector32 / 154----
Quartile1st
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 high110.14
52 week low99.67
Current bid price-
Current offer price-
Current mid price109.19
Region
1USA50.83%
2Denmark11.26%
3France4.76%
4China3.41%
5UK3.36%
6Canada3.09%
7India2.97%
8Germany2.83%
9Japan2.43%
Industry sector
1Financials29.51%
2Government Bonds16.43%
3Health Care16.02%
4Information Technology13.1%
5Telecommunications Utilities8.6%
6Consumer Staples4.84%
7Utilities4.49%
8Consumer Discretionary4.05%
9Industrials1.86%
Asset type
1International Equities62.56%
2Bond38.22%
3Money Market-0.78%
Individual holdings
1UNITED STATES TREASURY NOTE/ 2% 15-02-20254.85%
2UNITED STATES OF AMER TREAS NOTES 2.25% NTS 15/11/24 USD1004.63%
3UNITED STATES OF AMER TREAS NOTES 2% TB 15/11/21 USD10003.25%
4UNITED STATES OF AMER TREAS NOTES 2% NTS 15/02/23 USD1003.21%
5CVS HEALTH CORP2.2%
6VERIZON COMMUNICATIONS INC1.87%
72.50 NYKREDIT 20471.85%
8UNITEDHEALTH GROUP INC1.83%
9JOHNSON & JOHNSON1.82%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund aims to preserve shareholders' capital (over a three year investment horizon) and provide a stable, positive rate of return on investment. Investments are made globally in equities, bonds (including bonds convertible in equity shares) and money market instruments denominated in various currencies. This sub-fund may also invest in financial derivative instruments - like equity and fixed income futures - to adjust the portfolio's beta and duration.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
Mixed
Fund managers
NameSinceBiography
Asbjorn Trolle Hansen13/10/2015Asbjørn Trolle Hansen holds a Master Degree in Mathematics and Economics and a Ph.D. in Mathematical Finance. After attaining his Ph.D., he worked in London, first for NatWest as a Derivatives Analyst from 1998 to 2000, and then as a Quantitative Specialist responsible for structured investments with Dresdner Kleinwort Bensons Global Equities team. In 2000, he returned to Denmark as Head of Alfred Bergs Asset Allocation team. He joined Nordea Investment Management in 2004 as Head of Strategic Investments.
Kurt Kongsted13/10/2015
Claus Vorm13/10/2015Claus Vorm holds a Master's Degree in Mathematics and Economics and a PhD on the Interplay between Insurance and Finance. As part of his academic career, he worked as an Associate Professor at the Laboratory of Actuarial Mathematics in Copenhagen University from 2000 to 2001. He then joined McKinsey & Co. as part of their financial institution group until joining Nordea Investment Management in 2004 as Head of the AA/ALM Research team.
Compliance
Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
Nordea 1 GBP Diversified Return AC
Initial charge5%
Annual charge0.7%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price109.08
CurrencyGBP
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE1ZA
Nordea 1 GBP Diversified Return AI
Initial charge5%
Annual charge0.7%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price109.26
CurrencyGBP
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE1ZC
Nordea 1 GBP Diversified Return BC
Initial charge5%
Annual charge0.7%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price109.19
CurrencyGBP
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1ZB
Nordea 1 GBP Diversified Return BI
Initial charge5%
Annual charge0.7%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price109.26
CurrencyGBP
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1US
Nordea 1 GBP Diversified Return Bd
Initial charge5%
Annual charge0.43%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)0.47%
Bid price-
Offer price-
Mid price108.91
CurrencyGBP
Price updated18/07/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0VH
Data provided by

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