Fact sheet: OMW Henderson European Focus

Fund information
Fund name
OMW Henderson European Focus Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Asim Rahmansince 30/04/2014
  • John Bennettsince 01/02/2010
Underlying fund
Henderson European Focus
Fund objective
The OMW Henderson European Focus fund invests solely in the Henderson European Focus fund, a sub fund of Henderson Investment Funds Series I, a UK authorised OEIC managed by Henderson Investment Funds Limited. The underlying fund seeks to achieve a long-term return, in excess of the long-term return that is typically achieved from European equity markets (excluding the United Kingdom), by investing in a concentrated portfolio of: companies having their registered office in Europe (excluding the United Kingdom), companies that do not have their registered office in Europe (excluding the United Kingdom) but either (i) carry out a predominant proportion of their business activity in these markets, or (ii) are holding companies which predominantly own companies with registered offices in Europe (excluding the United Kingdom). 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 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. 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
  • No Specified Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
8.9%
1 Year rank in sector
263/359
Sector
PN Europe Excluding UK
Yield
-
Fund size
£1m (£2m 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.
109
Bid price
265.4
Offer price
279.3
Top in this sector
Fund name1 Year
Zurich Nept EuroOppsPn25.5%
Scot Eq Neptune Eur Opps Pn25.4%
Guardian Choices European Pn24.9%
RLP EurSpl(NeptuneEurpOpp)Pn24.3%
OMW Old Mut Euro (ex UK) Sm Cos23.4%
...more in PN Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Others18.1%
    Switzerland16.9%
    Germany15.2%
    Sweden11.5%
    France9%
  • Financials27.8%
    Industrials17.1%
    Health Care15.2%
    Consumer Goods13.7%
    Basic Materials9.3%
  • International Equities25.8%
    Swiss Equities16.9%
    German Equities15.2%
    Swedish Equities11.5%
    French Equities9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-1%7.2%8.9%25.2%83%
Sector-1.3%-0.3%8.1%11.2%24.4%74.2%
Rank within sector39 / 369200 / 369229 / 368263 / 359126 / 34091 / 312
Quartile1st3rd3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund5.5%9%4.2%27.5%23%
Sector9.6%9.4%-0.2%25.6%19.2%
Rank within sector309 / 359159 / 35320 / 34198 / 32961 / 311
Quartile4th2nd1st2nd1st
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.
0.22
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.
1.01
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.
0.27
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%.
11.62
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.
3.04
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.
0.07
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.
0.93
Price movement
52 week high283.4
52 week low221.3
Current bid price265.4
Current offer price279.3
Current mid price-
Region
1Others18.05%
2Switzerland16.9%
3Germany15.2%
4Sweden11.5%
5France9%
6Netherlands8.1%
7Not Specified7.7%
8Portugal5.3%
9Denmark5.1%
Industry sector
1Financials27.85%
2Industrials17.06%
3Health Care15.22%
4Consumer Goods13.74%
5Basic Materials9.31%
6Oil & Gas6.83%
7Consumer Services4.72%
8Technology4.55%
9Telecommunications4.44%
Asset type
1International Equities25.75%
2Swiss Equities16.9%
3German Equities15.2%
4Swedish Equities11.5%
5French Equities9%
6Dutch Equities8.1%
7Portuguese Equities5.3%
8Danish Equities5.1%
9Spanish Equities4.9%
Individual holdings
1NOVARTIS AG6.5%
2ROCHE HLDG AG4.8%
3AUTOLIV INC4.4%
4GALP ENERGIA SGPS4.2%
5NESTLE SA3.9%
6SAP SE3.5%
7KBC GROUPE SA3.4%
8COM HEM HLDG AB3%
9NORDEA BANK AB2.9%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Henderson European Focus fund invests solely in the Henderson European Focus fund, a sub fund of Henderson Investment Funds Series I, a UK authorised OEIC managed by Henderson Investment Funds Limited. The underlying fund seeks to achieve a long-term return, in excess of the long-term return that is typically achieved from European equity markets (excluding the United Kingdom), by investing in a concentrated portfolio of: companies having their registered office in Europe (excluding the United Kingdom), companies that do not have their registered office in Europe (excluding the United Kingdom) but either (i) carry out a predominant proportion of their business activity in these markets, or (ii) are holding companies which predominantly own companies with registered offices in Europe (excluding the United Kingdom). 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 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. 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
  • No Specified Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Asim Rahman30/04/2014Asim Rahman joined Henderson in 2011 as a Fund Manager. He previously worked with John Bennett at Gartmore and GAM where he was an Investment Analyst from 2003. Prior to joining GAM, Asim was a Financial Analyst in Goldman Sachs’ Investment Banking Division. Asim holds an MA in Economics from Cambridge University and is a CFA charterholder.
John Bennett01/02/2010John Bennett has a 28-year track record of managing European equities. He joined Henderson as a Director of European Equities in April 2011, as part of the Gartmore acquisition. John manages a number of Continental and Pan European funds as well as European long/short funds. John joined Gartmore in 2010 from GAM where he spent 17 years as a fund manager. During this time he managed their flagship European long only and European equity long/short hedge fund, which was launched in June 1998. Prior to GAM, John was a fund manager at Ivory and Sime and has been a Member of the Chartered Institute of Bankers in Scotland since 1987.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Henderson European Focus Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.3%
Bid price265.4
Offer price279.3
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZD21
OMW Henderson European Focus SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price306.6
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZD22
Data provided by

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