Fact sheet: Nordea 1 Glbl Opprtn

Fund information
Fund name
Nordea 1 Global Opportunity BP
Fund manager company
Nordea
Fund type
Offshore Fund
Fund manager
  • Eileen Rileysince 12/11/2013
Fund objective
The fund invests in equities worldwide in accordance with a bottom-up driven investment process which is designed to identify opportunities through fundamental research, as well as understand the drivers of value for the companies within the investable universe. The fund applies a high conviction approach resulting in a concentrated portfolio with a high active share. Stock picking should be the principal alpha driver of the fund. In the long run, the fund aims to outperform the MSCI All Country World ? Net Return Index
Benchmark
  • MSCI AC World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-0.6%
1 Year rank in sector
349/471
Sector
FO Equity - International
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.
1.9%
Fund size
£612m (£188m 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.
98
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq42.9%
Schroder ISF Gbl Rec36.2%
Dodge & Cox Gbl Stk32.4%
Vanguard Gbl Small-Cap Idx29.8%
Dimensional Gbl Small Cos29.7%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • USA65.2%
    Switzerland7.5%
    China4.8%
    UK4.3%
    Hong Kong3.5%
  • Consumer Discretionary21.1%
    Information Technology21%
    Financials19.1%
    Industrials12.8%
    Health Care9.1%
  • US Equities65.2%
    Swiss Equities7.5%
    Chinese Equities4.8%
    UK Equities4.3%
    Hong Kong Equities3.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.4%0.4%4.7%-0.6%34.6%-
Sector2.6%-0.5%4.3%4.4%15%52.2%
Rank within sector107 / 500185 / 496209 / 486349 / 47182 / 384-
Quartile1st2nd2nd3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund-0.3%14%16.6%--
Sector5.2%0.7%6%21.3%12.7%
Rank within sector378 / 47520 / 42750 / 387--
Quartile4th1st1st
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.
4.99
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.
1.22
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.
0.48
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%.
14.32
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.
8.64
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.
0.64
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.
0.65
Price movement
52 week high137.57
52 week low112.41
Current bid price-
Current offer price-
Current mid price134.86
Region
1USA65.18%
2Switzerland7.5%
3China4.83%
4UK4.3%
5Hong Kong3.45%
6Sweden2.92%
7Belgium2.85%
8Money Market2.42%
9Japan1.67%
Industry sector
1Consumer Discretionary21.07%
2Information Technology20.95%
3Financials19.05%
4Industrials12.77%
5Health Care9.05%
6Consumer Staples8.33%
7Materials4.52%
8Money Market2.42%
9Energy1.83%
Asset type
1US Equities65.18%
2Swiss Equities7.5%
3Chinese Equities4.83%
4UK Equities4.3%
5Hong Kong Equities3.45%
6Swedish Equities2.92%
7Belgian Equities2.85%
8Money Market2.42%
9Japanese Equities1.67%
Individual holdings
1ALIBABA GROUP HLDG LTD4.83%
2TRANSDIGM GROUP INC4.61%
3FACEBOOK INC4.53%
4AUTOZONE INC3.69%
5ALLERGAN PLC3.47%
6AIA GROUP LTD3.45%
7ALPHABET INC3.21%
8NESTLE SA3.17%
9MARRIOTT INTERNATIONAL INC3.08%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund invests in equities worldwide in accordance with a bottom-up driven investment process which is designed to identify opportunities through fundamental research, as well as understand the drivers of value for the companies within the investable universe. The fund applies a high conviction approach resulting in a concentrated portfolio with a high active share. Stock picking should be the principal alpha driver of the fund. In the long run, the fund aims to outperform the MSCI All Country World ? Net Return Index
Benchmark
  • MSCI AC World
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Eileen Riley12/11/2013
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV 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, Sweden
Nordea 1 Global Opportunity BI
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price138
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEAZ
Nordea 1 Global Opportunity BI NOK
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price1239.95
CurrencyNOK
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHTP
Nordea 1 Global Opportunity BP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price134.86
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEBA
Nordea 1 Global Opportunity E
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.65%
Total expense ratio (TER)2.65%
Bid price-
Offer price-
Mid price131.93
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEAY
Nordea 1 Global Opportunity X
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.07%
Bid price-
Offer price-
Mid price142.16
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFH6B
Nordea 1 Global Opportunity X DKK
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.07%
Bid price-
Offer price-
Mid price1056.94
CurrencyDKK
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTEZ
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.