Fact sheet: OMW AXA Framlington Financl

Fund information
Fund name
OMW AXA Framlington Financial Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Vincent Vinatiersince 31/03/2015
Underlying fund
AXA Framlington Financial
Fund objective
The OMW AXA Framlington Financial fund invests solely in the AXA Framlington Financial fund, a UK authorised Unit Trust managed by AXA Investment Managers UK Limited. The underlying fund seeks to provide capital growth through investment principally in financial services companies worldwide. Investment will be predominantly in banks, insurance companies, property companies, investment related companies and other financial service providers which, in the Manager’s opinion, show above average profitability, management quality and growth.Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures.The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors.The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units.It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustment and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.7%
1 Year rank in sector
110/513
Sector
PN Specialist
Yield
-
Fund size
£8m (£8m 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.
117
Bid price
921.6
Offer price
970.1
Top in this sector
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Performance snapshot

Holdings snapshot

  • North America48.6%
    Europe ex UK24%
    Asia Pacific ex Japan13.3%
    UK6.8%
    Global Emerging Markets4.2%
  • Banks53.4%
    Financials14.7%
    Insurance12.8%
    Consumer Credit & Leasing7.5%
    Property Shares4.5%
  • North American Equities48.6%
    Europe ex UK Equities24%
    Asia Pacific ex Japan Equities13.3%
    UK Equities6.8%
    Global Emerging Market Equities4.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.1%8.1%20.1%14.7%30.5%87.2%
Sector-0.8%-0.9%5.9%8.3%20.4%40.7%
Rank within sector14 / 5468 / 54513 / 531110 / 51380 / 38639 / 317
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund16%-0.6%9.4%22.7%22.9%
Sector8.3%2%7.2%11%7.7%
Rank within sector95 / 514361 / 45097 / 38850 / 35710 / 318
Quartile1st4th1st1st1st
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.
-2
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.
1.85
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.
0.36
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%.
14.92
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.
11.17
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.
0.22
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.
0.55
Price movement
52 week high942.8
52 week low639.7
Current bid price921.6
Current offer price970.1
Current mid price-
Region
1North America48.64%
2Europe ex UK24.03%
3Asia Pacific ex Japan13.3%
4UK6.81%
5Global Emerging Markets4.19%
6Others2.11%
7Money Market0.92%
Industry sector
1Banks53.44%
2Financials14.67%
3Insurance12.83%
4Consumer Credit & Leasing7.46%
5Property Shares4.47%
6Information Technology4.23%
7Real Estate1.52%
8Money Market0.92%
9Software0.47%
Asset type
1North American Equities48.64%
2Europe ex UK Equities24.03%
3Asia Pacific ex Japan Equities13.3%
4UK Equities6.81%
5Global Emerging Market Equities4.19%
6International Equities2.11%
7Money Market0.92%
Individual holdings
1JPMORGAN CHASE & CO7.4%
2WELLS FARGO & CO6.3%
3CITIGROUP INC6%
4TORONTO-DOMINION BANK4.8%
5AMERICAN EXPRESS CO4.1%
6MANULIFE FINANCIAL CORP3.8%
7AIA GROUP LTD3.7%
8NATIONAL AUSTRALIA BANK3.7%
9DISCOVER FINANCIAL SERVICES3.3%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW AXA Framlington Financial fund invests solely in the AXA Framlington Financial fund, a UK authorised Unit Trust managed by AXA Investment Managers UK Limited. The underlying fund seeks to provide capital growth through investment principally in financial services companies worldwide. Investment will be predominantly in banks, insurance companies, property companies, investment related companies and other financial service providers which, in the Manager’s opinion, show above average profitability, management quality and growth.Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures.The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors.The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units.It should be noted that the performance of the OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustment and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Vincent Vinatier31/03/2015Vincent joined AXA Investment Managers as Analyst/Portfolio Manager in Pan-European Financials in September 2012. Vincent started his investment career at Cazenove & Co in 1997 as an Equity Analyst covering European Media Small & Mid cap & French Equity before moving to AXA IM in 2001 as a Senior Equity Analyst covering UK financials, European Media and Telecom. From 2005 he spent four years at Schroders plc as Senior Equity Analyst and Fund Manager managing UK Financials, European Media and Telecom. Vincent has an MBA from Audencia Nantes School of Management and an MSc from Reading University in International Securities, Investment & Banking.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW AXA Framlington Financial Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price921.6
Offer price970.1
Mid price-
CurrencyGBX
Price updated06/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeUZ23
OMW AXA Framlington Financial SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price1213.9
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZX47
Data provided by

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