Fact sheet: OMW Investec Global Energy

Fund information
Fund name
OMW Investec Global Energy Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Tom Nelsonsince 01/02/2013
  • Charles Whallsince 01/02/2013
Underlying fund
Investec Global Energy
Fund objective
The OMW Investec Global Energy fund invests solely in the Investec Global Energy fund, a sub fund of Investec Funds Series ii, a UK authorised OEIC managed by Investec Fund Managers Limited. The underlying fund seeks to achieve long term capital growth primarily through investment in equities issued by companies around the globe involved in the exploration, production or distribution of oil, gas and other energy sources or companies which service the energy industry. 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 ACW Energy
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
20.1%
1 Year rank in sector
64/64
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.
185
Bid price
105.2
Offer price
110.7
Top in this sector
Fund name1 Year
L&G Investec Global Gold Pn88.4%
OMW Investec Global Gold87.4%
Aviva Invtec Gbl Gold Pn82.1%
FL BR Gold & General Pn80%
SIP BR Gold & Gen Pn78.8%
...more in PN Commodity & Energy

Performance snapshot

Holdings snapshot

  • USA56.7%
    UK15.5%
    Canada8.9%
    France7.4%
    China3.3%
  • Oil & Gas - Integrated48.1%
    Oil & Gas Exploration & Production41.1%
    Oil & Gas Equipment & Services8.5%
    Oil & Gas1.6%
    Money Market0.5%
  • Commodity & Energy99.5%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%5.6%20.5%20.1%-19.9%-9.9%
Sector-4.7%3.7%24.2%61.8%11.2%-28%
Rank within sector42 / 6641 / 6639 / 6464 / 6462 / 638 / 58
Quartile3rd3rd3rd4th4th1st
Calendar performance
 YTD - 20162015201420132012
Fund31%-24.5%-18.2%13%-1%
Sector64%-24.9%-8.9%-25%-8.8%
Rank within sector63 / 6433 / 6359 / 637 / 634 / 58
Quartile4th3rd4th1st1st
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.
-7.94
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.
-0.03
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%.
23.61
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.
18.33
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.
-0.5
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.
0.5
Price movement
52 week high111.2
52 week low68.4
Current bid price105.2
Current offer price110.7
Current mid price-
Region
1USA56.7%
2UK15.5%
3Canada8.9%
4France7.4%
5China3.3%
6Russia2.1%
7Italy1.8%
8Norway1.6%
9Portugal1.1%
Industry sector
1Oil & Gas - Integrated48.1%
2Oil & Gas Exploration & Production41.1%
3Oil & Gas Equipment & Services8.5%
4Oil & Gas1.6%
5Money Market0.5%
6Semi Conductors0.2%
Asset type
1Commodity & Energy99.5%
2Money Market0.5%
Individual holdings
1TOTAL SA7.4%
2BP6.9%
3ROYAL DUTCH SHELL6.6%
4EXXON MOBIL CORP5%
5CHEVRON CORP4.9%
6OCCIDENTAL PETROLEUM CORP4.8%
7EOG RESOURCES INC4.3%
8CONOCOPHILLIPS4.1%
9SUNCOR ENERGY INC(NEW)3.6%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Investec Global Energy fund invests solely in the Investec Global Energy fund, a sub fund of Investec Funds Series ii, a UK authorised OEIC managed by Investec Fund Managers Limited. The underlying fund seeks to achieve long term capital growth primarily through investment in equities issued by companies around the globe involved in the exploration, production or distribution of oil, gas and other energy sources or companies which service the energy industry. 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 ACW Energy
Investment style
No data available.
Investment method
Shares
Fund managers
NameSinceBiography
Tom Nelson01/02/2013Tom 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.
Charles Whall01/02/2013Charles is a portfolio manager in the Commodities & Resources team at Investec Asset Management. He joined Investec Asset Management in London, having previously worked at Newton Investment Management (BNY Mellon) for 12 years, where he led oil and gas research, responsible for stock selection, pricing models and a thematic framework for investment within the sector. Charles was the number one rated buyside Oil and Gas analyst in the Thomson Extel Survey for 2012. Prior to this, Charles worked for 19 years within the oil and gas industry, with Britoil, ARCO and BP where he covered a wide variety of roles including drilling, oil and gas reservoir development and project management. During this time, Charles completed an MBA and moved from engineering to financial roles, including mergers and acquisitions, financial planning, and then commercial roles including gas marketing and trading. Charles graduated from the University of Leeds with a BSc (honours) in Civil Engineering. He also gained an MBA at the University of Surrey and holds the Investment Management Certificate.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Investec Global Energy Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.24%
Bid price105.2
Offer price110.7
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQB47
OMW Investec Global Energy SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price120.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQB48
Data provided by

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