Fact sheet: OMW Investec UK Smaller Comp

Fund information
Fund name
OMW Investec UK Smaller Companies Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Calum Joglekarsince 31/07/2015
  • Ken Hsiasince 21/01/2014
Underlying fund
Investec UK Smaller Comp
Fund objective
The OMW Investec UK Smaller Companies fund invests solely in the Investec UK Smaller Companies fund, a sub-fund of the Investec Fund Series i, a UK authorised Open-Ended Investment Company, managed by Investec Fund Managers Limited. The aim of the underlying fund is to achieve long term capital growth primarily through investment in equities issued by UK smaller companies and in derivatives the underlying assets of which are equities issued by UK smaller companies. 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 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 adjustments and the OMW investment process.
Benchmark
  • Numis Small Cap (ex IT) plus AIM
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
13.7%
1 Year rank in sector
102/107
Sector
PN UK Smaller Companies
Yield
-
Fund size
£5m (£6m 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.
105
Bid price
174.8
Offer price
184
Top in this sector
Fund name1 Year
FL Old Mutual UK Sm Cos Pn33.3%
SIP Old Mut UK Sm Cos Pn31.8%
FL Schroder UK Sm Cos EP31.6%
ReAssure AL OM UK Select Sm Co Pn30.5%
Zurich Schroder UK Sm Cos Pn30.4%
...more in PN UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK99.4%
    Money Market0.6%
  • Consumer Services26.7%
    Industrials17.6%
    Financials17.3%
    Consumer Goods14.5%
    Technology11.3%
  • UK Equities99.4%
    Money Market0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.7%8.5%8%13.7%6.4%84%
Sector3.1%11.8%12.9%23.2%25.7%102.3%
Rank within sector30 / 113108 / 113105 / 111102 / 10799 / 10385 / 96
Quartile2nd4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund6.6%-2.7%11.8%-2.1%44.6%
Sector5.5%7.1%17.6%-2.3%37.9%
Rank within sector15 / 113104 / 10799 / 10645 / 10323 / 102
Quartile1st4th4th2nd1st
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.
-5.57
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.
1.16
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%.
14.33
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.
6.02
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.
-0.78
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.
0.84
Price movement
52 week high174.8
52 week low139.5
Current bid price174.8
Current offer price184
Current mid price-
Region
1UK99.4%
2Money Market0.6%
Industry sector
1Consumer Services26.7%
2Industrials17.6%
3Financials17.3%
4Consumer Goods14.5%
5Technology11.3%
6Health Care4.3%
7Basic Materials2.2%
8Telecommunications2.1%
9Utilities1.8%
Asset type
1UK Equities99.4%
2Money Market0.6%
Individual holdings
1ARROW GLOBAL GRP PLC2.4%
2PAYSAFE GROUP PLC2.4%
3SAFESTYLE UK PLC2.4%
4NATIONAL EXPRESS GROUP2.3%
5SOPHOS GROUP PLC2.3%
6CRANSWICK2.2%
7FDM GROUP PLC2.2%
8ENTERTAINMENT ONE LTD2.1%
9GAMMA COMMUNICATIONS PLC2.1%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Investec UK Smaller Companies fund invests solely in the Investec UK Smaller Companies fund, a sub-fund of the Investec Fund Series i, a UK authorised Open-Ended Investment Company, managed by Investec Fund Managers Limited. The aim of the underlying fund is to achieve long term capital growth primarily through investment in equities issued by UK smaller companies and in derivatives the underlying assets of which are equities issued by UK smaller companies. 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 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 adjustments and the OMW investment process.
Benchmark
  • Numis Small Cap (ex IT) plus AIM
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Calum Joglekar31/07/2015Calum is co-portfolio manager in the 4Factor Equities Team at Investec Asset Management, for the UK Smaller Companies Fund. Calum joined the 4Factor team initially in 2010 as an analyst for the UK Smaller Companies Fund and the UK technology and telecoms sector He began his career as a graduate at ABN AMRO, subsequently Royal Bank of Scotland, as an analyst in the transport & logistics/ global industrials sector. While at RBS he worked on a number of announced deals and takeover approaches, performing strategic industry analysis and valuation modelling. Calum graduated from Edinburgh University in 2006 with a first class degree in Biological Sciences and is also a CFA Charterholder.
Ken Hsia21/01/2014Ken is a portfolio manager and sector specialist covering the Industrials sector for the 4Factor UK Equity team. He joined Investec Asset Management in 2004 from MoVa Investment Partners, a hedge fund, where he was Portfolio Manager and co-founder. He was involved in managing a portfolio focused on European small and mid cap stocks. Prior to that, Ken spent eight years at Fidelity Investments as an equity analyst covering a range of sectors including UK and European auto components, construction, non-food retail and utilities, and was Assistant Fund Manager on the UK Recovery Trust (now renamed UK Aggressive). Ken graduated from Oxford University, with a Doctorate in Organic Chemistry. He is also an associate member of the UK Society of Investment Professionals (UKSIP).
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Investec UK Smaller Companies Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.23%
Bid price174.8
Offer price184
Mid price-
CurrencyGBX
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNNS4
OMW Investec UK Smaller Companies SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price192.2
CurrencyGBX
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNNS5
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