Fact sheet: OMW Absolute Insight Ap

Fund information
Fund name
OMW Absolute Insight Ap Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Sonja Uyssince 01/02/2009
Underlying fund
Absolute Insight
Fund objective
The OMW Absolute Insight (Ap) fund invests solely in the Absolute Insight fund, a sub fund of BNY Mellon Managed Funds II an Open Ended Investment Company, managed by BNY Mellon Fund Managers Limited. The underlying fund seeks to deliver attractive, positive absolute returns in all market conditions. The underlying Fund aims to achieve its objective on a rolling 12 month basis. In addition the underlying Fund aims to deliver cash (3 month GBP LIBOR -0.125%) + 4% on a rolling annualised 5 year basis before fees. However, a positive return is not guaranteed and a capital loss may occur. In addition to the annual management charge of 1.50% of the fund’s value, the fund manager charges a performance-related fee of 10% of the amount by which the funds performance exceeds that of the three-month Sterling LIBOR rate minus 0.125% (the Hurdle). The fee is calculated daily and deducted once a year at the end of December.
Benchmark
  • LIBID GBP 3 month
Investment style
Absolute Return
Investment method
Mixed
Quick stats
1 Year return
-1.9%
1 Year rank in sector
457/510
Sector
PN Specialist
Yield
-
Fund size
£4m (£6m 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.
10
Bid price
103.5
Offer price
108.9
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Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-0.5%-0.6%-1.9%-1%6.9%
Sector-2%-0.6%6.3%7.4%19.4%41.4%
Rank within sector126 / 546277 / 544462 / 531457 / 510363 / 386279 / 314
Quartile1st3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-1.6%-0.7%0.7%2.9%6.2%
Sector8.3%2%7.2%11%7.7%
Rank within sector463 / 514364 / 450348 / 388267 / 357217 / 318
Quartile4th4th4th3rd3rd
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.
-0.45
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.
0.02
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
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%.
1.32
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.
5.95
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.
-1.05
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.
0.01
Price movement
52 week high105.5
52 week low103.4
Current bid price103.5
Current offer price108.9
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1BNY MELLON ABSOLUTE RETURN EQUITY FUND24.24%
2ABSOLUTE INSIGHT CURRENCY FUND18.99%
3ABSOLUTE INSIGHT FUNDS DYNAMIC OPPORTUNITIES AP EUR18.97%
4ABSOLUTE INSIGHT CREDIT FUND 18.85%
5ABSOLUTE INSIGHT EMERGING MARKET DEBT FUND18.84%
6INSIGHT LIQUIDITY ILF GBP0.37%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Absolute Insight (Ap) fund invests solely in the Absolute Insight fund, a sub fund of BNY Mellon Managed Funds II an Open Ended Investment Company, managed by BNY Mellon Fund Managers Limited. The underlying fund seeks to deliver attractive, positive absolute returns in all market conditions. The underlying Fund aims to achieve its objective on a rolling 12 month basis. In addition the underlying Fund aims to deliver cash (3 month GBP LIBOR -0.125%) + 4% on a rolling annualised 5 year basis before fees. However, a positive return is not guaranteed and a capital loss may occur. In addition to the annual management charge of 1.50% of the fund’s value, the fund manager charges a performance-related fee of 10% of the amount by which the funds performance exceeds that of the three-month Sterling LIBOR rate minus 0.125% (the Hurdle). The fee is calculated daily and deducted once a year at the end of December.
Benchmark
  • LIBID GBP 3 month
Investment style
Absolute Return
Investment method
Mixed
Fund managers
NameSinceBiography
Sonja Uys01/02/2009Sonja joined Insight in August 2008 to work on absolute return strategies, moving into a portfolio manager role within the Specialist Investments Team. Prior to joining Insight, Sonja spent two years at JP Morgan where she marketed derivatives transactions across a range of asset classes and instruments to UK institutions. Before JP Morgan, Sonja worked at Jardine Lloyd Thompson Benefit Solutions as an actuary, consulting to UK pension schemes and at Lloyds TSB as an actuarial assistant working on pension reviews. She holds a B. Comm degree in Mathematics from the University of Stellenbosch, South Africa and is a Fellow of the Institute of Actuaries.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Absolute Insight Ap Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.94%
Bid price103.5
Offer price108.9
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKVA1
OMW Absolute Insight Ap SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price114.2
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKVA2
Data provided by

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