Fact sheet: OMW Fidelity Emerging Markets

Fund information
Fund name
OMW Fidelity Emerging Markets Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Nick Pricesince 22/03/2010
Underlying fund
Fidelity Emerging Markets
Fund objective
The OMW Fidelity Emerging Markets fund invests solely in the Fidelity Emerging Markets fund, a sub fund of Fidelity Institutional Funds a UK authorised ICVC managed by Fidelity International. The underlying fund seeks to achieve long term capital appreciation. The underlying fund will invest primarily in securities of countries experiencing rapid economic growth including, without limitation, Africa, the Indian sub-continent, Latin America, South East Asia, Europe and the Middle East. 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
  • MSCI Emerging Markets
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Global Emerging Markets
Yield
-
Fund size
£1m (£0m last year)
Bid price
114.8
Offer price
120.8
Top in this sector
Fund name1 Year
AXA Wealth Aber LatAm Eq Pn83.7%
OMW IPL IFDSHdsnRwFTSERAFIEMPn81.7%
OMW BlackRock Lat Am Inv Tst73.5%
Aviva Thredndl Lat Amer Pn71.8%
OMW Threadneedle Latin Am70.8%
...more in PN Global Emerging Markets

Performance snapshot

Holdings snapshot

  • China16.1%
    South Africa13.9%
    Russia11.4%
    India10.7%
    Hong Kong9.5%
  • Financials25.7%
    Consumer Discretionary24.8%
    Information Technology22.5%
    Consumer Staples10.3%
    Materials7.7%
  • Chinese Equities16.1%
    South African Equities13.9%
    Russian Equities11.4%
    Indian Equities10.7%
    Hong Kong Equities9.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%8.4%1.9%---
Sector3%10.7%7.5%49.6%41%29.3%
Rank within sector248 / 275229 / 274257 / 271---
Quartile4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund6.4%----
Sector7.3%31.9%-8.5%3%-3.4%
Rank within sector229 / 271----
Quartile4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high117
52 week low91.3
Current bid price114.8
Current offer price120.8
Current mid price-
Region
1China16.13%
2South Africa13.86%
3Russia11.38%
4India10.74%
5Hong Kong9.54%
6Taiwan8.06%
7Mexico5.04%
8Brazil4.75%
9Korea4.61%
Industry sector
1Financials25.65%
2Consumer Discretionary24.77%
3Information Technology22.54%
4Consumer Staples10.32%
5Materials7.66%
6Money Market3.95%
7Industrials3.13%
8Health Care1.97%
Asset type
1Chinese Equities16.13%
2South African Equities13.86%
3Russian Equities11.38%
4Indian Equities10.74%
5Hong Kong Equities9.54%
6Taiwanese Equities8.06%
7Mexican Equities5.04%
8Brazilian Equities4.75%
9South Korean Equities4.61%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING6.28%
2NASPERS5.65%
3AIA GROUP LTD5.28%
4SBERBANK OF RUSSIA4.89%
5HDFC BANK LTD4.69%
6HDFC BANK LTD4.69%
7STEINHOFF INTERNATIONAL HLDGS3.99%
8BAIDU INC3.12%
9FIDELITY INSTITUTIONAL LIQUIDITY FD UNITED STATES DOLLAR FD DISTRIBUTION NAV3.1%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Fidelity Emerging Markets fund invests solely in the Fidelity Emerging Markets fund, a sub fund of Fidelity Institutional Funds a UK authorised ICVC managed by Fidelity International. The underlying fund seeks to achieve long term capital appreciation. The underlying fund will invest primarily in securities of countries experiencing rapid economic growth including, without limitation, Africa, the Indian sub-continent, Latin America, South East Asia, Europe and the Middle East. 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
  • MSCI Emerging Markets
Investment style
No data available.
Investment method
Shares
Fund manager
NameSinceBiography
Nick Price22/03/2010Nick Price is Fidelitys primary Global Emerging Market (GEM) and Emerging EMEA equity portfolio manager. He joined Fidelity in January 1998 as a research analyst before being selected as the assistant portfolio manager for Fidelitys flagship European Growth Fund in 2004. He launched the teams first EMEA portfolio in late 2005 and was later appointed to manage Fidelitys GEM strategies in mid 2009. Before joining Fidelity, Nick worked for a variety of investment banks in London and prior to that, worked as a Senior Auditor for PriceWaterhouse in Johannesburg. Nick holds a Bachelor of Commerce and Diploma in Accounting from the University of Natal, is a Member of the South African Institute of Chartered Accountants and is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Fidelity Emerging Markets Pn
Initial charge-
Annual charge-
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.43%
Bid price114.8
Offer price120.8
Mid price-
CurrencyGBX
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN8HD
OMW Fidelity Emerging Markets SP
Initial charge-
Annual charge-
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price121.5
CurrencyGBX
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN8HE
Data provided by

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