Fact sheet: OMW JPM Japanese Inv Trust

Fund information
Fund name
OMW JPM Japanese Inv Trust Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Nicholas Weindlingsince 01/12/2007
  • Shoichi Mizusawasince 31/07/2014
Underlying fund
JP Morgan Japanese IT plc
Fund objective
The OMW JPMF Japanese Investment Trust Fund invests solely in the JPMF Japanese Investment Trust, a UK Investment Trust managed by JPMF Investment Trust Management Limited. The aim of the underlying investment is to outperform the Tokyo New Stock Exchange First Section Index (a general market index for Japanese companies) over the long term, through investment in a portfolio of Japanese equities. The Investment Trust may borrow to further investment. Outperformance is sought through stock selection and the net asset value of the Investment Trust will be determined by movements in asset prices and currency exchange rates. Performance of the fund will be determined by movement in the price of the underlying Investment Trust which may not reflect movement in the net asset value of the assets held. At any given time the market price may be at a discount or premium to the net asset value. It should be noted that the performance of the OMW fund will not match that of the underlying investment because of OMW fund charges, appropriate taxation adjustments and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
24.6%
1 Year rank in sector
184/189
Sector
PN Japan
Yield
-
Fund size
£0m (£0m 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.
136
Bid price
154.5
Offer price
162.6
Top in this sector
Fund name1 Year
OMW M&G Japan Smaller Cos53.6%
Zurich Inv PerpJapnseSmCosPn52.8%
OMW InvescoPerpetaulJpnSlCos50.1%
SIP Inv Prp Jpnse Sm Cos Pn49.8%
Baillie Gifford Japanese Eq Pn49.1%
...more in PN Japan

Performance snapshot

Holdings snapshot

  • Japan79.5%
    Money Market20.5%
  • Others20.5%
    Electronic & Electrical Equipment13.5%
    Retail10.8%
    Chemicals10.5%
    Banks9.2%
  • Japanese Equities79.5%
    Money Market20.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.3%0.8%2.7%24.6%39.7%114%
Sector5.1%5.1%19.6%35.2%50.2%96.1%
Rank within sector39 / 195172 / 194183 / 192184 / 189164 / 18028 / 169
Quartile1st4th4th4th4th1st
Calendar performance
 YTD - 20172016201520142013
Fund3.6%11.3%25.3%-1.2%47.5%
Sector4.4%23.8%15.7%1.5%26.2%
Rank within sector165 / 195184 / 1897 / 187158 / 18010 / 177
Quartile4th4th1st4th1st
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.
-3.57
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.
1.22
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.
0.39
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%.
20.04
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.
12.75
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.
-0.14
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.
0.61
Price movement
52 week high156.8
52 week low109.9
Current bid price154.5
Current offer price162.6
Current mid price-
Region
1Japan79.5%
2Money Market20.5%
Industry sector
1Others20.5%
2Electronic & Electrical Equipment13.5%
3Retail10.8%
4Chemicals10.5%
5Banks9.2%
6Machinery7.6%
7Services7%
8Transport Equipment6.6%
9Other Financial5.7%
Asset type
1Japanese Equities79.5%
2Money Market20.5%
Individual holdings
1MITSUBISHI UFJ FINANCIAL GROUP4.2%
2KEYENCE CORP4%
3SUMITOMO MITSUI FINANCIAL GROUP INC3.6%
4FUJI HEAVY INDUSTRIES3.2%
5TOKIO MARINE HLDGS INC3.2%
6SHIN-ETSU CHEMICAL CO2.9%
7ORIX CORP2.8%
8SMC CORP2.8%
9DAIKIN INDUSTRIES2.7%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW JPMF Japanese Investment Trust Fund invests solely in the JPMF Japanese Investment Trust, a UK Investment Trust managed by JPMF Investment Trust Management Limited. The aim of the underlying investment is to outperform the Tokyo New Stock Exchange First Section Index (a general market index for Japanese companies) over the long term, through investment in a portfolio of Japanese equities. The Investment Trust may borrow to further investment. Outperformance is sought through stock selection and the net asset value of the Investment Trust will be determined by movements in asset prices and currency exchange rates. Performance of the fund will be determined by movement in the price of the underlying Investment Trust which may not reflect movement in the net asset value of the assets held. At any given time the market price may be at a discount or premium to the net asset value. It should be noted that the performance of the OMW fund will not match that of the underlying investment because of OMW fund charges, appropriate taxation adjustments and the OMW investment process.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Nicholas Weindling01/12/2007Nicholas Weindling, executive director, is a country specialist for Japan equities and a member of the Japan team within the Emerging Markets and Asia Pacific (EMAP) Equities team based in Tokyo. Nicholas joined the firm in 2006 from Baillie Gifford in Edinburgh, where he worked initially as a UK large cap analyst and latterly as a Japanese equities investment manager. Nicholas obtained a B.A. (Hons) in History from Cambridge University.
Shoichi Mizusawa31/07/2014Shoichi Mizusawa, managing director, is a country specialist for Japan equities and head of the Japan team within the Emerging Markets and Asia Pacific (EMAP) Equities team. Based in Japan, he leads the Japan-dedicated equity portfolio management teams in Hong Kong and Tokyo. Shoichi joined the firm in 1997 as a marketing manager responsible for Japan pension funds. He transferred to the Japan Portfolio Group in 2000 and took up his current role in 2010. Prior to joining the firm, Shoichi spent four years with Postipankki as the Tokyo representative in capital markets. He began his career with Mitsubishi Motors Corporation in 1989. Shoichi obtained a B.A. in Political Science and Economics from Waseda University and an M.B.A. from Simon Fraser University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW JPM Japanese Inv Trust Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.8%
Bid price154.5
Offer price162.6
Mid price-
CurrencyGBX
Price updated16/01/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeS378
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