Fact sheet: Nordea 1 Alpha 15

Fund information
Fund name
Nordea 1 Alpha 15 BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund manager
  • Asbjorn Trolle Hansensince 14/06/2011
Fund objective
The fund uses numerous types of low-correlation investment strategies to provide dynamic exposure to multiple asset classes, within a universe consisting of a subset of equities, fixed income securities and currencies. The fund will implement the different strategies through pair trades, which combine a long position that is offset by a short position. Over time, the fund is aiming at building a market neutral portfolio. The product employs strict risk management guidelines with focus on risk-adjusted returns. It thereby offers investors a highly diversified portfolio with a high level of downside risk protection that translates into an ex-ante volatility target of 15%.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Multi Strategy
Investment method
Mixed
Quick stats
1 Year return
10.6%
1 Year rank in sector
6/124
Sector
FO Hedge/Stru Prod - Mixed
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.
2.34%
Fund size
£550m (£340m 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.
114
Top in this sector
Fund name1 Year
LFIS VisionPremiaOpps19.4%
Castellain Value16.6%
Garraway Garr FT14.6%
Avia Altus13.8%
Pimco GIS Stk Pl10.7%
...more in FO Hedge/Stru Prod - Mixed

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6%-7.7%-0.1%10.6%17.5%29.4%
Sector-0.1%-1.6%-0.5%-1.7%3.5%6.6%
Rank within sector118 / 121134 / 14364 / 1386 / 12412 / 837 / 68
Quartile4th4th2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund11.1%7.6%1.6%-2.9%8.3%
Sector-1.3%-0.6%5.1%1.4%1.9%
Rank within sector5 / 1275 / 10856 / 8965 / 8117 / 72
Quartile1st1st3rd4th1st
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.
4.49
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.
1.91
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.
0.23
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%.
10.89
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.
10.31
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.
0.48
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.
0.13
Price movement
52 week high69.78
52 week low55.18
Current bid price-
Current offer price-
Current mid price62.59
Region
1USA31.53%
2Money Market29.97%
3Germany7.65%
4China4.66%
5India4.25%
6Korea4.04%
7UK3.25%
8Japan2.69%
9Taiwan1.97%
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund uses numerous types of low-correlation investment strategies to provide dynamic exposure to multiple asset classes, within a universe consisting of a subset of equities, fixed income securities and currencies. The fund will implement the different strategies through pair trades, which combine a long position that is offset by a short position. Over time, the fund is aiming at building a market neutral portfolio. The product employs strict risk management guidelines with focus on risk-adjusted returns. It thereby offers investors a highly diversified portfolio with a high level of downside risk protection that translates into an ex-ante volatility target of 15%.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Multi Strategy
Investment method
Mixed
Fund manager
NameSinceBiography
Asbjorn Trolle Hansen14/06/2011Asbjørn 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Nordea 1 Alpha 15 AP EUR
Initial charge5%
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price62.59
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC0EO
Nordea 1 Alpha 15 BI DKK
Initial charge5%
Annual charge1.2%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)3.58%
Bid price-
Offer price-
Mid price495.25
CurrencyDKK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFV5V
Nordea 1 Alpha 15 BI EUR
Initial charge5%
Annual charge1.2%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)3.58%
Bid price-
Offer price-
Mid price66.58
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code015B
Nordea 1 Alpha 15 BP EUR
Initial charge5%
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.34%
Total expense ratio (TER)5%
Bid price-
Offer price-
Mid price62.59
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08B1
Nordea 1 Alpha 15 E EUR
Initial charge5%
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.12%
Total expense ratio (TER)6.66%
Bid price-
Offer price-
Mid price61.78
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10VM
Nordea 1 Alpha 15 HB SEK
Initial charge5%
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price589.29
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEA8P
Nordea 1 Alpha 15 HBI NOK
Initial charge5%
Annual charge1.2%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price631.15
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE0KG
Nordea 1 Alpha 15 HBI SEK
Initial charge5%
Annual charge1.2%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price664.96
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC1ZM
Nordea 1 Alpha 15 HBI USD
Initial charge5%
Annual charge1.2%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price76.24
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9ZO
Nordea 1 Alpha 15 HX SEK
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)0.07%
Bid price-
Offer price-
Mid price727.64
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code04ED
Data provided by

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