Fact sheet: OMW BlackRock Eurpn Abs Alp

Fund information
Fund name
OMW BlackRock European Absolute Alpha Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Stefan Griessince 30/06/2013
  • Vincent Devlinsince 30/03/2009
Underlying fund
BlackRock Eurpn Abs Alpha
Fund objective
The OMW BlackRock European Absolute Alpha fund invests solely in the BlackRock European Absolute Alpha fund a UK authorised Unit Trust managed by BlackRock Fund Managers Limited. The underlying fund seeks to achieve a positive absolute return for investors and, as such, the underlying Fund will not be managed against any European equity index. The underlying Fund will seek to achieve this investment objective by taking long positions and using derivatives to take synthetic long and synthetic short investment positions. In addition to the underlying annual management charge of 1.50% of the underlying fund’s value, the fund manager of the underlying fund charges a performance-related fee of 20% of the amount by which the underlying fund’s performance exceeds that of the three month GBP LIBOR rate (“the Hurdle”). The fee is calculated daily and deducted once a year at the end of February.
Benchmark
  • BofA ML Sterling LIBOR 3-month Constant Maturity Index
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
-4.6%
1 Year rank in sector
475/510
Sector
PN Specialist
Yield
-
Fund size
£2m (£1m 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.
29
Bid price
117.3
Offer price
123.4
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Performance snapshot

Holdings snapshot

  • Denmark8.4%
    Netherlands6.8%
    UK6.4%
    France6.3%
    Germany3.7%
  • Information Technology8.4%
    Health Care7.4%
    Industrials6.5%
    Consumer Discretionary6.4%
    Telecommunications2.9%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.8%-4.2%-4.9%-4.6%3%13.9%
Sector-1.8%-0.3%7.2%8.4%19.9%43%
Rank within sector443 / 546498 / 544526 / 531475 / 510332 / 386261 / 313
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-5.9%8.5%-0.2%4.4%4.9%
Sector8.9%2%7.2%11%7.7%
Rank within sector508 / 51445 / 450365 / 388244 / 357244 / 318
Quartile4th1st4th3rd4th
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.
2.98
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.
-0.11
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%.
3.56
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.
7.38
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.
-0.59
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.
0.04
Price movement
52 week high125.6
52 week low116.1
Current bid price117.3
Current offer price123.4
Current mid price-
Region
1Denmark8.42%
2Netherlands6.76%
3UK6.39%
4France6.28%
5Germany3.72%
6Belgium2.14%
7Ireland1.58%
8Sweden1.47%
9Norway0.77%
Industry sector
1Information Technology8.41%
2Health Care7.43%
3Industrials6.49%
4Consumer Discretionary6.42%
5Telecommunications2.89%
6Utilities2.03%
7Consumer Staples1.56%
8Financials0.91%
9Materials0.79%
Asset type
No data available.
Individual holdings
1KONINKLIJKE KPN NV2.26%
2PANDORA AS2.21%
3RELX NV2.03%
4WORLDPAY GROUP PLC2.02%
5STEINHOFF INTERNATIONAL HLDGS1.93%
6VINCI SA1.78%
7ZURICH INSURANCE GROUP LTD1.56%
8ASML HOLDING NV1.52%
9INNOGY SE1.51%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW BlackRock European Absolute Alpha fund invests solely in the BlackRock European Absolute Alpha fund a UK authorised Unit Trust managed by BlackRock Fund Managers Limited. The underlying fund seeks to achieve a positive absolute return for investors and, as such, the underlying Fund will not be managed against any European equity index. The underlying Fund will seek to achieve this investment objective by taking long positions and using derivatives to take synthetic long and synthetic short investment positions. In addition to the underlying annual management charge of 1.50% of the underlying fund’s value, the fund manager of the underlying fund charges a performance-related fee of 20% of the amount by which the underlying fund’s performance exceeds that of the three month GBP LIBOR rate (“the Hurdle”). The fee is calculated daily and deducted once a year at the end of February.
Benchmark
  • BofA ML Sterling LIBOR 3-month Constant Maturity Index
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Stefan Gries30/06/2013Stefan Gries - MA economics & Spanish (University of St. Andrews), started his career in 2005 as European equity analyst and portfolio assistant at Scottish Widows Investment Partnership. He joined BlackRock's European equity team in 2008 and is responsible for covering the energy sector.
Vincent Devlin30/03/2009Vincent Devlin, Managing Director and portfolio manager, is a member of the European Equity team within the Fundamental Equity division of BlackRock's Portfolio Management Group. He is responsible for continental European portfolio management, adopting a flexible style.Mr. Devlin joined BlackRock in 2008 from Scottish Widows Investment Partnership (SWIP), where he was an Investment Director responsible for managing continental European and Euroland retail unit trusts. Prior to joining SWIP in 2000, he was with Insight Investments from 1998 to 2000, as an investment manager for European portfolios. He began his career in 1994 with Co-operative Insurance Society, where he was an assistant investment manager, responsible for managing emerging market and European portfolios. Mr. Devlin earned a BSc and an MEng, with honours, both in electrical and electronic engineering from the University of Manchester in 1992.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW BlackRock European Absolute Alpha Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.48%
Bid price117.3
Offer price123.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEI4
OMW BlackRock European Absolute Alpha SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price130.6
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEI5
Data provided by

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