Fact sheet: OMW BlackRock Cash

Fund information
Fund name
OMW BlackRock Cash Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Bea Rodriguezsince 31/01/2014
Underlying fund
BlackRock Cash
Fund objective
The OMW BlackRock Cash Fund invests solely in the BlackRock Cash Fund, a UK authorised Unit Trust managed by BlackRock Fund Managers Limited. The aim of the underlying fund is to achieve a competitive rate of interest for unitholders, consistent with preservation of principal (capital) and liquidity, principally from a portfolio of cash, deposits, and money-market instruments. These types of investments may be issued by both UK and non-UK issuers, but shall be denominated in Sterling. The underlying fund will be actively managed. The underlying fund is not recommended for investors seeking long-term capital growth. 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. 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 adjustments and the OMW investment process.
Benchmark
  • GBP 1W LIBID (BP0001W -1/8 method)
Investment style
None
Investment method
Certificate of Deposit, Deposits, Floating Rate Notes
Quick stats
1 Year return
-0.5%
1 Year rank in sector
220/241
Sector
PN Money Market
Yield
-
Fund size
£24m (£13m 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.
2
Bid price
91.5
Offer price
96.3
Top in this sector
Fund name1 Year
Zurich BlackRock EurLiq Fst Pn17.1%
ReAssure HL FxIntPn Stf Pn9%
ReAssure HL FxIntPnStf LS Pn9%
Phoenix Fixed Int Individual Pn6.5%
Phoenix Prop Old Bldg Society Pn4.9%
...more in PN Money Market

Performance snapshot

Holdings snapshot

  • Money Market100%
  • Certificates of Deposit45.7%
    Time Deposits16.7%
    Commercial Paper16%
    Asset Backed Commercial Paper11.9%
    Floating Rate Notes9.7%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.2%-0.3%-0.5%-1.8%-3%
Sector-0.1%-0.1%0.3%0.6%1.1%1.6%
Rank within sector236 / 249232 / 246231 / 247220 / 241203 / 226192 / 213
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.5%-0.6%-0.6%-0.6%-0.5%
Sector0.6%0%0.4%0.2%0.3%
Rank within sector226 / 242205 / 229204 / 226198 / 220190 / 213
Quartile4th4th4th4th4th
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.
-0.65
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.
0.12
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%.
0.19
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.
0.29
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.
-3.22
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.
0.03
Price movement
52 week high92.1
52 week low91.5
Current bid price91.5
Current offer price96.3
Current mid price-
Region
1Money Market100%
Industry sector
1Certificates of Deposit45.71%
2Time Deposits16.68%
3Commercial Paper16.02%
4Asset Backed Commercial Paper11.85%
5Floating Rate Notes9.74%
Asset type
1Money Market100%
Individual holdings
1BNP PARIBAS SA (LONDON BRANCH) GB4.58%
2CREDIT AGRICOLE CORPORATE AND INVE4.58%
3ING BANK NV (AMSTERDAM BRANCH) GB4.58%
4 MIZUHO BANK LTD (LONDON BRANCH)4.01%
5SUMITOMO TRUST & BANKING CO NPV3.94%
6DZ BANK AG DEUTSCHE ZENTRAL GENOSS3.66%
7COOPERATIEVE RABOBANK UA (LONDON B3.54%
8BANK OF AMERICA CORP3.44%
9SYNNVX 2 1/8 11/01/293.44%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW BlackRock Cash Fund invests solely in the BlackRock Cash Fund, a UK authorised Unit Trust managed by BlackRock Fund Managers Limited. The aim of the underlying fund is to achieve a competitive rate of interest for unitholders, consistent with preservation of principal (capital) and liquidity, principally from a portfolio of cash, deposits, and money-market instruments. These types of investments may be issued by both UK and non-UK issuers, but shall be denominated in Sterling. The underlying fund will be actively managed. The underlying fund is not recommended for investors seeking long-term capital growth. 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. 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 adjustments and the OMW investment process.
Benchmark
  • GBP 1W LIBID (BP0001W -1/8 method)
Investment style
None
Investment method
Certificate of Deposit, Deposits, Floating Rate Notes
Fund managers
NameSinceBiography
Bea Rodriguez31/01/2014Bea Rodriguez, Managing Director, is a senior member of the Non-Dollar Cash team within Trading & Liquidity Strategies Group. Prior to joining BlackRock in 2009, Ms. Rodriguez was with Fidelity International Investments, most recently as a sterling high grade portfolio manager and rates specialist, and previously as a manager of institutional and retail sterling money market funds as well as short duration strategies. Ms. Rodriguez was also a portfolio manager at Deutsche Bank AG from 2000 to 2003 where she headed up the cash reinvestment process for the securities lending desk as well as overseeing the launch and investments of Deutsche Banks offshore UCITs money market funds. She began her career at J.P. Morgan Investment Management in 1994. Ms. Rodriguez earned a BSc degree in management sciences from the London School of Economics and Political Sciences in 1993.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW BlackRock Cash Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.44%
Bid price91.5
Offer price96.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE1B1
OMW BlackRock Cash SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.44%
Bid price-
Offer price-
Mid price102.3
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE1B2
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.