Fact sheet: OMW Henderson MMAbsRtn

Fund information
Fund name
OMW Henderson MultiManager Absolute Return Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • James de Bunsensince 06/10/2016
Underlying fund
Henderson MM Abs Rtn
Fund objective
The OMW Henderson Multi-Manager Absolute Return fund invests solely in the Henderson Multi-Manager Absolute Return fund, a sub fund of Henderson Investment Funds Series IV, a UK authorised OEIC managed by Henderson Investment Funds Limited. The underlying fund seeks to achieve a positive absolute return, over the long term regardless of market conditions. The underlying fund aims to typically deliver absolute (more than zero) returns over a rolling 12 month period. An absolute return performance is not guaranteed over this specific, or any other, time period and consequently capital is in fact at risk. The underlying fund will invest in; a range of collective investment schemes, transferable securities, cash, deposits, money market instruments and derivatives. 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 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
  • No Specified Index
Investment style
Absolute Return,Flexible
Investment method
None
Quick stats
1 Year return
4.8%
1 Year rank in sector
398/531
Sector
PN Specialist
Yield
-
Fund size
£1m (£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.
20
Bid price
115.9
Offer price
122
Top in this sector
Fund name1 Year
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FL AXA Framlington Gbl Tech AP54.9%
Zurich AXAFramGblTechPn53.9%
OMW AXA Framlington Gbl Tech53.7%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • No data available.
  • Hedge53.3%
    Money Market15.6%
    Property8.5%
    Commodity & Energy7.9%
    Fixed Interest7.8%
  • Hedge56.7%
    Global Fixed Interest11.4%
    International Equities11%
    Property8.3%
    Commodity & Energy8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%-0.1%2%4.8%5.7%11.9%
Sector1.3%1.9%6.3%15.2%25.7%50.1%
Rank within sector459 / 554492 / 554460 / 549398 / 531329 / 395292 / 333
Quartile4th4th4th3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.5%3.3%-0.7%3.1%
Sector4%11.6%2%7.2%11%
Rank within sector413 / 550392 / 514314 / 449340 / 387266 / 360
Quartile4th4th3rd4th3rd
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.
-0.74
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.
0.33
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%.
2.48
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.
4.24
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.
-1.32
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.
0.61
Price movement
52 week high116.4
52 week low110.3
Current bid price115.9
Current offer price122
Current mid price-
Region
No data available.
Industry sector
1Hedge53.27%
2Money Market15.58%
3Property8.47%
4Commodity & Energy7.94%
5Fixed Interest7.8%
6Equities6.94%
Asset type
1Hedge56.72%
2Global Fixed Interest11.4%
3International Equities10.98%
4Property8.29%
5Commodity & Energy7.95%
6Money Market4.65%
Individual holdings
1MAJEDIE TORTOISE G GBP5.74%
2PIMCO GIS INCOME I ACC USD5.5%
3PLURIMI GLOBAL MACRO DIVERSIFIED DYNAMIC SOLUTION A EUR5.13%
4MELCHIOR ST EUROPEAN ABSOLUTE RETURN I1 EUR4.46%
5MERRILL LYNCH INV MLCX COMMODITY ALPHA B5 GBP4.37%
6BH MACRO LTD4.33%
7F&C GLOBAL EQUITY MARKET NEUTRAL FUND 3 ACC4.32%
8HELIUM FUND - SELECTION S EUR EUR4.29%
9OLD MUTUAL ABSOLUTE RETURN GOVERNMENT BOND F ACC GBP4.23%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Henderson Multi-Manager Absolute Return fund invests solely in the Henderson Multi-Manager Absolute Return fund, a sub fund of Henderson Investment Funds Series IV, a UK authorised OEIC managed by Henderson Investment Funds Limited. The underlying fund seeks to achieve a positive absolute return, over the long term regardless of market conditions. The underlying fund aims to typically deliver absolute (more than zero) returns over a rolling 12 month period. An absolute return performance is not guaranteed over this specific, or any other, time period and consequently capital is in fact at risk. The underlying fund will invest in; a range of collective investment schemes, transferable securities, cash, deposits, money market instruments and derivatives. 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 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
  • No Specified Index
Investment style
Absolute Return,Flexible
Investment method
None
Fund managers
NameSinceBiography
James de Bunsen06/10/2016James de Bunsen is a fund manager in the Multi-Asset team and has particular focus on alternative asset classes and strategies. He joined Henderson in 2013 from multi-asset boutique Armstrong Investment Managers (AIM) where he helped run a number of multi-asset strategies targeting real returns above inflation within clearly defined risk budgets. Prior to joining AIM, James spent five years at Insight Investment as part of the multi-asset team that launched the first retail multi-asset fund in the UK and went on to form AIM. At Insight and AIM the team won several performance awards, from FT Pension & Investment, HFM Europe and BarclayHedge amongst others. Before Insight, James spent several years working as a journalist and editor across a variety of business magazines. James graduated from the University of Manchester, he holds the Investment Management Certificate (IMC) and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Henderson MultiManager Absolute Return Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.56%
Bid price115.9
Offer price122
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXE65
OMW Henderson MultiManager Absolute Return SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price133.8
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXE67
Data provided by

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