Fact sheet: OMW Insight Gbl Absol Rtn

Fund information
Fund name
OMW Insight Global Absolute Return Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Steve Waddingtonsince 11/02/2013
Underlying fund
Insight Global Absolute Rtn
Fund objective
The OMW Insight Global Absolute Return fund invests solely in the Insight Global Absolute Return Fund, a sub fund of BNY Mellon Investment Funds, a UK authorised Open Ended Investment Company (OEIC) managed by BNY Mellon Fund Managers Limited. The underlying fund aims to deliver positive returns on an annual basis with the prospect of attractive long-term capital growth. The policy of the underlying Fund is to gain exposure through a dynamic allocation to a range of asset classes including:- fixed interest, cash, near cash and deposits, equities, property, commodities and infrastructure. Exposure to these will be achieved through investment in collective investment schemes, transferable securities, money market instruments, deposits and derivatives. Investment in property, commodities and infrastructure will be indirect. 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 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 non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. 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. This is a new underlying fund. If it does not reach a target size outlined by the Fund Group, the underlying investment charges and costs may become a higher proportion of the fund than expected, reducing the value of your investment. 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 typically deliver absolute (more than zero) returns in each year, although this is not guaranteed. Over the short term it may experience periods of negative returns so the fund may not always achieve this objective. 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
  • LIBOR GBP 3 month
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1.3%
1 Year rank in sector
405/514
Sector
PN Specialist
Yield
-
Fund size
£0m (£0m 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.
36
Bid price
99.4
Offer price
104.6
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Performance snapshot

Holdings snapshot

  • Not Specified33%
    Global Emerging Markets14.3%
    Europe13.3%
    USA12.8%
    UK10.1%
  • No data available.
  • Global Investment Grade Fixed Interest13.9%
    Alternative Investment Strategies10.3%
    Global Emerging Market Government Fixed Interest9.6%
    Others9.1%
    Money Market7.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-3%0.8%1.3%4.3%-
Sector-0.2%-0.6%6.2%8.8%20.9%41.2%
Rank within sector313 / 546458 / 545414 / 531405 / 514326 / 386-
Quartile3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund1.6%-2.4%3.7%--
Sector8.7%2%7.2%11%7.7%
Rank within sector392 / 514401 / 450292 / 388--
Quartile4th4th4th
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.
-2.88
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.
0.66
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%.
4.86
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.
3.46
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.
-1.41
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.
0.66
Price movement
52 week high102.9
52 week low95.3
Current bid price99.4
Current offer price104.6
Current mid price-
Region
1Not Specified32.95%
2Global Emerging Markets14.32%
3Europe13.32%
4USA12.81%
5UK10.08%
6Money Market7.05%
7International2.12%
8Japan1.87%
9Asia1.85%
Industry sector
No data available.
Asset type
1Global Investment Grade Fixed Interest13.85%
2Alternative Investment Strategies10.3%
3Global Emerging Market Government Fixed Interest9.59%
4Others9.13%
5Money Market7.05%
6Futures6.83%
7European High Yield Fixed Interest4.74%
8European Equities3.98%
9UK Equities3.72%
Individual holdings
No data available.
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Insight Global Absolute Return fund invests solely in the Insight Global Absolute Return Fund, a sub fund of BNY Mellon Investment Funds, a UK authorised Open Ended Investment Company (OEIC) managed by BNY Mellon Fund Managers Limited. The underlying fund aims to deliver positive returns on an annual basis with the prospect of attractive long-term capital growth. The policy of the underlying Fund is to gain exposure through a dynamic allocation to a range of asset classes including:- fixed interest, cash, near cash and deposits, equities, property, commodities and infrastructure. Exposure to these will be achieved through investment in collective investment schemes, transferable securities, money market instruments, deposits and derivatives. Investment in property, commodities and infrastructure will be indirect. 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 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 non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. 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. This is a new underlying fund. If it does not reach a target size outlined by the Fund Group, the underlying investment charges and costs may become a higher proportion of the fund than expected, reducing the value of your investment. 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 typically deliver absolute (more than zero) returns in each year, although this is not guaranteed. Over the short term it may experience periods of negative returns so the fund may not always achieve this objective. 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
  • LIBOR GBP 3 month
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Steve Waddington11/02/2013Steve joined Insight in January 2008 and is responsible for fundmanagement and investment selection for our diversified fund range. Before joining Insight he spent five years at BT Financial Group, Australia (formerly Rothschild Australia Asset Management), where from 2004 he was Head of External Investments, responsible for investment and manager research, due diligence, selection and portfolio construction. Steve started his career at Savills Commercial Ltd, where he was responsible for advising institutional and private company clients on commercial property investment and development.
Compliance
UCITS III Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Insight Global 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)1.47%
Bid price99.4
Offer price104.6
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI8ZQ
OMW Insight Global 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)1.47%
Bid price-
Offer price-
Mid price107.7
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI8ZR
Data provided by

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