Fact sheet: OMW Absolute Insight

Fund information
Fund name
OMW Absolute Insight 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 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. 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. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. The underlying fund aims to deliver positive returns in any market conditions, but returns are not guaranteed. Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective which must not be longer than three years. 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
  • LIBID GBP 3 month
Investment style
Absolute Return
Investment method
Mixed
Quick stats
1 Year return
-1.9%
1 Year rank in sector
466/514
Sector
PN Specialist
Yield
-
Fund size
£0m (£0m 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
116.5
Offer price
122.6
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus48.9%
ReAssure AL NptRu&GtrRus Pn48.8%
L&G Nep Russia&Gtr Russia Pn48.2%
OMW InvescoPerpetualEmgEurpn44.4%
Scot Eq JPM Emg Eur Eq Pn43.8%
...more in PN Specialist

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.5%-0.6%-1.9%-1.1%8%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector270 / 546306 / 545467 / 531466 / 514366 / 386282 / 317
Quartile2nd3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-1.9%-0.6%0.9%3.4%6.4%
Sector9.3%2%7.2%11%7.7%
Rank within sector466 / 514360 / 450340 / 388261 / 357213 / 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.
-0.38
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%.
1.43
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.
6.01
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.
-1.03
Price movement
52 week high119
52 week low116.6
Current bid price116.5
Current offer price122.6
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 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. 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. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. The underlying fund aims to deliver positive returns in any market conditions, but returns are not guaranteed. Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective which must not be longer than three years. 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
  • 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 Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.43%
Bid price116.5
Offer price122.6
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXA2
OMW Absolute Insight SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price129.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXA3
Data provided by

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