Fact sheet: OMW Investec Global Gold

Fund information
Fund name
OMW Investec Global Gold Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • George Cheveleysince 01/04/2015
  • Hanre Rossouwsince 01/04/2015
Underlying fund
Investec Global Gold
Fund objective
The OMW Investec Global Gold fund invests solely in the Investec Global Gold fund, a sub fund of Investec Funds Series iii, 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 gold mining and in derivatives the underlying assets of which are equities issued by companies around the globe involved in gold mining. 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.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
10.7%
1 Year rank in sector
62/65
Sector
PN Commodity & Energy
Yield
-
Fund size
£4m (£4m 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.
306
Bid price
83
Offer price
87.3
Top in this sector
Fund name1 Year
ReAssure AL JPM Natul Res Pn39.4%
FL JPM Natural Res AP38.5%
Aviva JPM Nat Resources Pn38.3%
FL MyM JPM Natural Res Pn38.2%
FL JPM Natural Resources Pn38.1%
...more in PN Commodity & Energy

Performance snapshot

Holdings snapshot

  • Canada53.7%
    Australia21.6%
    USA10.2%
    UK6.3%
    South Africa5.8%
  • Gold93.8%
    Precious Metals & Stones5.8%
    Money Market0.4%
  • Commodity & Energy99.6%
    Money Market0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.6%-7.1%-11.6%10.7%27.9%-22%
Sector-3.8%-7.3%-3.8%24.1%7.1%-19.6%
Rank within sector31 / 6627 / 6653 / 6662 / 6522 / 6321 / 59
Quartile2nd2nd4th4th2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund7.1%68.1%-16.6%-6.6%-44.7%
Sector-2.4%70.6%-24.9%-8.9%-25%
Rank within sector8 / 6644 / 648 / 6327 / 6342 / 63
Quartile1st3rd1st2nd3rd
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.
6.93
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.
1.35
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.
0.17
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%.
38.45
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.
20.45
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.
0.26
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.
0.75
Price movement
52 week high113
52 week low70.8
Current bid price83
Current offer price87.3
Current mid price-
Region
1Canada53.7%
2Australia21.6%
3USA10.2%
4UK6.3%
5South Africa5.8%
6Peru2%
7Money Market0.4%
Industry sector
1Gold93.8%
2Precious Metals & Stones5.8%
3Money Market0.4%
Asset type
1Commodity & Energy99.6%
2Money Market0.4%
Individual holdings
1NEWCREST MINING9.4%
2BARRICK GOLD CORP9.3%
3AGNICO EAGLE MINES9.2%
4NEWMONT MINING CORP9%
5FRANCO NEVADA CORP4.9%
6EVOLUTION MINING LTD4.5%
7NORTHERN STAR RESOURCES LTD4.5%
8GOLDCORP INC4.4%
9RANDGOLD RESOURCES4.4%
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 Gold fund invests solely in the Investec Global Gold fund, a sub fund of Investec Funds Series iii, 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 gold mining and in derivatives the underlying assets of which are equities issued by companies around the globe involved in gold mining. 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.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
George Cheveley01/04/2015George 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 for three years at BHP Billiton, 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 – Copper, 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.
Hanre Rossouw01/04/2015Hanré is a portfolio manager within the Commodities & Resources team covering precious metals and frontier and emerging market resources. Prior to joining the firm in 2013, he was the Chief Financial Officer of Xstrata Alloys overseeing Xstrata plc’s chrome and platinum interests in South Africa. He joined Xstrata in 2004, and also held other senior roles in Strategy, M&A and Investor Relations in London as part of the core team that built Xstrata into a global diversified mining company, subsequently acquired by Glencore for $30bn in 2013. His mining career started as graduate engineer at Anglo American plc (with experience at AngloGold and AngloCoal) and later also worked for De Beers and Accenture. Hanré graduated from Oxford University with a Master’s degree in Business Administration. He has also holds a Bachelor of Engineering degree in Chemical Engineering and a Bachelor of Commerce (Hons.) degree in Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Investec Global Gold Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.26%
Bid price83
Offer price87.3
Mid price-
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCBV5
OMW Investec Global Gold SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price93.3
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCBV6
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.