Fact sheet: OMW JPM Global Macro Balanced

Fund information
Fund name
OMW JPM Global Macro Balanced Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Talib Sheikhsince 01/07/2005
  • Gareth Witcombsince 21/12/2012
  • James Elliotsince 21/12/2012
Underlying fund
JPM Global Macro Balanced
Fund objective
The OMW JPM Global Macro Balanced fund invests solely in the JPM Global Macro Balanced fund, a sub fund of JPMorgan Fund ICVC, a UK authorised OEIC managed by JPMorgan Funds Limited. The underlying fund aims to achieve capital growth in excess of its benchmark by investing in a global portfolio of assets. The fund will primarily invest in Debt Securities (which may include Below-Investment Grade Bonds and Unrated Securities), Convertible Bonds, Equity securities (which may include smaller companies) and short term securities. 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. 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
Cautious,Active
Investment method
None
Quick stats
1 Year return
-2%
1 Year rank in sector
152/154
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£3m (£5m 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.
33
Bid price
125.5
Offer price
132.1
Top in this sector
Fund name1 Year
Aegon Balanced PassiveLS 2023Pn21%
Aegon BalancedPassiveLSPn20.9%
Aegon Balanced PassiveLS 2022Pn19.3%
Aegon BAQ 30/70 Equ &Bd Ix Pn18.5%
B&CE ThePplPnPre-Retm0.5%Pn18.3%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • Europe ex UK34.3%
    North America28%
    Pacific ex-Japan16.9%
    Japan15.9%
    Money Market7.2%
  • No data available.
  • Europe ex UK Fixed Interest23.5%
    North American Fixed Interest19%
    Asia Pacific ex Japan Fixed Interest15.8%
    Japanese Equities13.1%
    Europe ex UK Equities11%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%0.6%-3.2%-2%9.4%15.9%
Sector0.4%2.1%2%11.7%24.2%39.9%
Rank within sector80 / 175160 / 175170 / 171152 / 154118 / 13091 / 102
Quartile2nd4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.2%-1.6%3.3%7.4%10.1%
Sector1.8%12.5%2.3%7.6%5.6%
Rank within sector163 / 173143 / 14421 / 13352 / 1247 / 111
Quartile4th4th1st2nd1st
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.
-1.77
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.
0.64
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%.
4.72
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.
4.09
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.
-1.08
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.
0.35
Price movement
52 week high133.5
52 week low123.7
Current bid price125.5
Current offer price132.1
Current mid price-
Region
1Europe ex UK34.25%
2North America27.99%
3Pacific ex-Japan16.94%
4Japan15.92%
5Money Market7.2%
6Global Emerging Markets1.79%
7UK-4.09%
Industry sector
No data available.
Asset type
1Europe ex UK Fixed Interest23.45%
2North American Fixed Interest18.99%
3Asia Pacific ex Japan Fixed Interest15.75%
4Japanese Equities13.11%
5Europe ex UK Equities10.98%
6North American Equities8.85%
7Money Market7.2%
8Japanese Fixed Interest2.81%
9Global Emerging Market Equities1.79%
Individual holdings
1MICRON TECHNOLOGY INC2.5%
2TOKYO ELECTRON2%
3ENEL SPA1.8%
4SK HYNIX INC1.8%
5IMPERIAL BRANDS PLC1.5%
6SAMSUNG ELECTRONICS CO1.5%
7MARINE HARVEST ASA1.4%
8BROADCOM CORP1.3%
9ING GROEP N.V.1.3%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW JPM Global Macro Balanced fund invests solely in the JPM Global Macro Balanced fund, a sub fund of JPMorgan Fund ICVC, a UK authorised OEIC managed by JPMorgan Funds Limited. The underlying fund aims to achieve capital growth in excess of its benchmark by investing in a global portfolio of assets. The fund will primarily invest in Debt Securities (which may include Below-Investment Grade Bonds and Unrated Securities), Convertible Bonds, Equity securities (which may include smaller companies) and short term securities. 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. 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
Cautious,Active
Investment method
None
Fund managers
NameSinceBiography
Talib Sheikh01/07/2005Talib is a portfolio manager for the Multi-Asset Solutions Group, based in London. He is primarily responsible for managing total return portfolios and is a member of the Global Strategy Team which establishes broad macroeconomic themes that are reflected across all portfolios managed globally by the team. Talib has managed balanced and tactical asset allocation overlay accounts since 2002. An employee since 1998, he was previously an Assistant Portfolio Manager in the derivatives implementation team in London. He is a CFA charterholder.
Gareth Witcomb21/12/2012Gareth Witcomb, vice president, is a portfolio manager in the Global Multi-Asset Group, based in London. Gareth works on total return portfolios, supports the convertible bond business and implements tactical asset allocation decisions across balanced and overlay accounts. An employee since 1998, Gareth previously supervised the Cash Management Team for equity, balanced and emerging market portfolios. Gareth obtained a BA in History and Politics from University College Wales.
James Elliot21/12/2012James Elliot, is the Chief Investment Officer (“CIO”) of the International business of the Multi-Asset Solutions Group, based in London. James is responsible for investment oversight of all mandates managed by the Multi-Asset Solutions Group in London and Hong Kong, in addition to contributing to the team’s views on broad macroeconomic themes that are reflected across all portfolios managed globally by the Multi-Asset Solutions Group. James is also responsible for managing macro-thematic portfolios. James joined J.P. Morgan in 1995. Prior to his current role, James was CIO for the JPMAM Japanese Equity Portfolio Group based in Tokyo and, previously, was co-head of the JPMAM European Equity Group based in London. James left J.P. Morgan for a period of time and worked at RAB Capital plc, where he served as the Director of Europe Equities and manager of the RAB Europe Long/Short Fund. He obtained a B.A. in Modern History from the University of Oxford and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW JPM Global Macro Balanced Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.11%
Bid price125.5
Offer price132.1
Mid price-
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTL89
OMW JPM Global Macro Balanced SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price144.1
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTL43
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.