Fact sheet: OMW Investec Enhancd Nat Res

Fund information
Fund name
OMW Investec Enhanced Natural Resources Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Tom Nelsonsince 31/03/2015
  • George Cheveleysince 30/04/2008
Underlying fund
Investec Enhanced Nat Res
Fund objective
The OMW Investec Enhanced Natural Resources fund invests solely in the Investec Enhanced Natural Resources fund, a sub fund of Investec Funds Series I, a UK authorised OEIC managed by Investec Fund Managers Limited. The underlying fund aims to achieve long term capital growth primarily through investment in securities issued by companies around the globe that are expected to benefit from a long term increase in the prices of commodities and natural resources and in related derivatives. 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. 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 ACWI Select Natural Resources Capped Index
Investment style
None
Investment method
Shares, Feeder fund
Quick stats
1 Year return
60.1%
1 Year rank in sector
53/64
Sector
PN Commodity & Energy
Yield
-
Fund size
£2m (£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.
137
Bid price
99.1
Offer price
104.3
Top in this sector
Fund name1 Year
FL JPM Natural Res AP86.1%
HLL JPM Natural Res Pn85%
Scot Eq JPM Natrl Resrcs Pn85%
FL JPM Natural Res EP84.2%
FL MyM JPM Natural Res Pn83.8%
...more in PN Commodity & Energy

Performance snapshot

Holdings snapshot

  • USA37%
    Australia15.6%
    Canada8.6%
    Norway7.5%
    UK6.1%
  • Oil & Gas Exploration & Production22.9%
    Mineral Extraction16.1%
    Oil & Gas - Integrated13.4%
    Foods10.8%
    Other Metals7.8%
  • Commodity & Energy96.9%
    Money Market3.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund8.2%16.5%32.1%60.1%19.4%4%
Sector0.1%1.4%18.7%68.1%16.5%-27.4%
Rank within sector7 / 661 / 6623 / 6553 / 6428 / 633 / 58
Quartile1st1st2nd4th2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund58.1%-20.7%-4.7%-5.6%-3.2%
Sector68%-24.9%-8.9%-25%-8.8%
Rank within sector53 / 6426 / 6325 / 6311 / 639 / 58
Quartile4th2nd2nd1st1st
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.
2.19
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.
0.59
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.
0.08
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%.
16.49
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.
12.8
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.
0.09
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.
0.78
Price movement
52 week high97.8
52 week low56.9
Current bid price99.1
Current offer price104.3
Current mid price-
Region
1USA37%
2Australia15.6%
3Canada8.6%
4Norway7.5%
5UK6.1%
6France3.7%
7Switzerland3.6%
8Money Market3.1%
9China2.5%
Industry sector
1Oil & Gas Exploration & Production22.9%
2Mineral Extraction16.1%
3Oil & Gas - Integrated13.4%
4Foods10.8%
5Other Metals7.8%
6Gold7.2%
7Money Market3.1%
8Chemicals2.3%
9Iron & Steel Products2%
Asset type
1Commodity & Energy96.9%
2Money Market3.1%
Individual holdings
1BHP BILLITON LTD4.5%
2CHEVRON CORP4.1%
3GLENCORE AG3.7%
4BP3.4%
5CF INDUSTRIES HOLDINGS INC3.4%
6EOG RESOURCES INC3.1%
7MARINE HARVEST ASA3.1%
8LEROY SEAFOOD GROUP2.9%
9SUNCOR ENERGY INC(NEW)2.9%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Investec Enhanced Natural Resources fund invests solely in the Investec Enhanced Natural Resources fund, a sub fund of Investec Funds Series I, a UK authorised OEIC managed by Investec Fund Managers Limited. The underlying fund aims to achieve long term capital growth primarily through investment in securities issued by companies around the globe that are expected to benefit from a long term increase in the prices of commodities and natural resources and in related derivatives. 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. 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 ACWI Select Natural Resources Capped Index
Investment style
None
Investment method
Shares, Feeder fund
Fund managers
NameSinceBiography
Tom Nelson31/03/2015Tom is a portfolio manager in the Commodities & Resources team at Investec Asset Management. He joined Investec Asset Management in London, after spending seven years at Guinness Asset Management. Tom was part of the team that managed the outsourced Investec Global Energy Fund from 2005 to 2008, and was subsequently instrumental in the launch of the Guinness Global Energy Fund in 2008. Tom was co-portfolio manager of the Guinness Global Energy Fund with a specific responsibility for exploration and production companies and was also co-portfolio manager of the Guinness Thematic Equity Fund from its launch in 2010. He was also co-portfolio manager of the Guinness Energy Hedge Fund. Tom holds the UKSIP Level 3 Certificate in Investment Management and an MA in Modern Languages (French and German) from the University of Oxford.
George Cheveley30/04/2008George is a portfolio manager and metals and mining specialist in the Commodities & Resources team at Investec Asset Management having joined the firm in 2007. Prior to this he was a market analyst at BHP Billiton, the world’s largest mining company, for three years, working in The Hague and Singapore. He was recruited to BHP Billiton in 2004 from CRU (Commodities Research Unit), an independent metals/chemicals related research company based in London. At CRU, he spent three years in the Carbon Steel team and five years as a research manager, providing in-depth research and forecasts to the industry, banks and hedge funds. George began his career in 1990 in operations at British Steel Strip Products, working for three years in the Tinplate division. George graduated from the University of Oxford in 1989 with an honours degree in Classics and in 1995 was awarded an MBA from Warwick University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Investec Enhanced Natural Resources Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.28%
Bid price99.1
Offer price104.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ1J9
OMW Investec Enhanced Natural Resources SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price109.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ1K0
Data provided by

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