Fact sheet: OMW AXA Framlington Gbl Tech

Fund information
Fund name
OMW AXA Framlington Global Technology Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Jeremy Gleesonsince 31/03/2007
Underlying fund
AXA Framlington Gbl Tech
Fund objective
The OMW AXA Framlington Global Technology fund invests solely in the AXA Framlington Global Technology fund, a UK authorised Unit Trust managed by AXA Investment Managers UK Limited.The underlying fund seeks to achieve long term growth principally through investments in companies engaged in the research, design and development of technologies in all sectors including information technology and the internet and in companies manufacturing and distributing products and/or providing services resulting from such research, design and development.Investments in the underlying fund tend to be volatile and investors should expect an above average price increase or decrease.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
28.7%
1 Year rank in sector
14/510
Sector
PN Specialist
Yield
-
Fund size
£5m (£4m 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.
129
Bid price
338.6
Offer price
356.4
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus38.7%
ReAssure AL NptRu&GtrRus Pn38.2%
L&G Nep Russia&Gtr Russia Pn38%
SIP Fidelity Gbl Technology Pn34.2%
OMW InvescoPerpetualEmgEurpn33.6%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • North America88.1%
    Global Emerging Markets4.2%
    Europe ex UK3.6%
    Money Market2.2%
    Others1.3%
  • Internet23.9%
    Software22.2%
    Semi Conductors19.3%
    Hardware10.4%
    Communications Equipment9.4%
  • North American Equities88.1%
    Global Emerging Market Equities4.2%
    Europe ex UK Equities3.6%
    Money Market2.2%
    International Equities1.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.4%7.4%28.9%28.7%78.5%122.8%
Sector-1.8%-0.3%7.2%8.4%19.9%43%
Rank within sector389 / 54615 / 5446 / 53114 / 5105 / 38622 / 313
Quartile3rd1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund27.1%11.6%21.1%19.7%4.7%
Sector8.9%2%7.2%11%7.7%
Rank within sector20 / 51417 / 45028 / 38860 / 357246 / 318
Quartile1st1st1st1st4th
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.
5.51
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.
2.36
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.
1.11
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%.
16.51
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.
11.93
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.
1.19
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.
0.7
Price movement
52 week high350.4
52 week low217.4
Current bid price338.6
Current offer price356.4
Current mid price-
Region
1North America88.08%
2Global Emerging Markets4.19%
3Europe ex UK3.56%
4Money Market2.23%
5Others1.34%
6UK0.6%
Industry sector
1Internet23.86%
2Software22.23%
3Semi Conductors19.29%
4Hardware10.41%
5Communications Equipment9.41%
6Information Technology6.78%
7Retail2.58%
8Money Market2.23%
9Health Care1.85%
Asset type
1North American Equities88.08%
2Global Emerging Market Equities4.19%
3Europe ex UK Equities3.56%
4Money Market2.23%
5International Equities1.34%
6UK Equities0.6%
Individual holdings
1ALPHABET INC9.7%
2APPLE INC8.2%
3FACEBOOK INC7.9%
4CISCO SYSTEMS INC4.3%
5VISA INC4.2%
6QUALCOMM INC3.2%
7NXP SEMICONDUCTORS NV2.1%
8ADOBE SYSTEMS INC2%
9PROOFPOINT INC1.9%
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 Global Technology fund invests solely in the AXA Framlington Global Technology fund, a UK authorised Unit Trust managed by AXA Investment Managers UK Limited.The underlying fund seeks to achieve long term growth principally through investments in companies engaged in the research, design and development of technologies in all sectors including information technology and the internet and in companies manufacturing and distributing products and/or providing services resulting from such research, design and development.Investments in the underlying fund tend to be volatile and investors should expect an above average price increase or decrease.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
Jeremy Gleeson31/03/2007Jeremy joined AXA Investment Managers in July 2007 and is the lead fund manager of the AXA Framlington Global Technology Fund. He was named winner of the Investment Week Tech & Telecoms Fund Manager of the Year Award for 2011 and 2012. Previously, he was a senior portfolio manager at Close Investments (formerly Reabourne Technology), a subsidiary of Close Brothers Group PLC, from 2003 to 2007, having been a portfolio manager for the previous three years and an assistant portfolio manager from 1997 to 2000 with Reabourne Technology. During his time at Close Investments / Reabourne, Jeremy was the lead fund manager on several technology funds and won the FTSE techMARK Technology Fund Manager of the Year award in 2003 and 2005. Jeremy holds a BSc (Hons) in Mathematics (1st class) and an MSc. in Systems Engineering from Cardiff University (1992-1996). He is also a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW AXA Framlington Global Technology Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.16%
Bid price338.6
Offer price356.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeET02
OMW AXA Framlington Global Technology SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price385.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeET03
Data provided by

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