Fact sheet: OMW Jupiter Absolute Return

Fund information
Fund name
OMW Jupiter Absolute Return Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • James Cluniesince 31/08/2013
Underlying fund
Jupiter Absolute Return
Fund objective
The OMW Jupiter Absolute Return fund invests solely in the Jupiter Absolute Return fund, a UK authorised Unit Trust managed by Jupiter Unit Trust Managers Limited. The underlying fund seeks to generate absolute return, over a 3 year rolling period, independent of market conditions, by investing on a global basis. 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. The underlying fund aims to deliver positive returns in any market conditions, but returns are not guaranteed. Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective which must not be longer than three years. 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
  • LIBOR GBP 3m
Investment style
Absolute Return
Investment method
Fixed Interest, Money Market, Equity
Quick stats
1 Year return
10.7%
1 Year rank in sector
203/514
Sector
PN Specialist
Yield
-
Fund size
£2m (£1m 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.
35
Bid price
108.5
Offer price
114.2
Top in this sector
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L&G Nep Russia&Gtr Russia Pn48.2%
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Scot Eq JPM Emg Eur Eq Pn43.8%
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Performance snapshot

Holdings snapshot

  • UK15.5%
    Japan3.3%
    Russia2.2%
    Norway1.3%
    Australia1%
  • Oil & Gas4.1%
    Basic Materials3.8%
    Financials3.4%
    Others2.3%
    Utilities1.6%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%0.5%3.8%10.7%13.6%15.7%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector449 / 546195 / 545309 / 531203 / 514254 / 386251 / 317
Quartile4th2nd3rd2nd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund8.7%4.7%-1.2%1.6%-0.2%
Sector9.3%2%7.2%11%7.7%
Rank within sector239 / 51481 / 450375 / 388290 / 357311 / 318
Quartile2nd1st4th4th4th
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.
4.3
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.
0.01
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.
0.11
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%.
5.95
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.
8.45
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.
-0.24
Price movement
52 week high110.5
52 week low98
Current bid price108.5
Current offer price114.2
Current mid price-
Region
1UK15.45%
2Japan3.32%
3Russia2.2%
4Norway1.32%
5Australia1.05%
6Germany0.85%
7Canada0.81%
8Denmark0.36%
9Spain0.2%
Industry sector
1Oil & Gas4.15%
2Basic Materials3.77%
3Financials3.43%
4Others2.32%
5Utilities1.59%
6Telecommunications1.05%
7Health Care-0.24%
8Industrials-0.32%
9Technology-2.32%
Asset type
No data available.
Individual holdings
1ETFS PHYSICAL GOLD GBP2.32%
2ETFS PHYSICAL GOLD GBP2.32%
3BP1.98%
4BURFORD CAPITAL LIMITED ORD NPV1.37%
5STATOIL ASA1.32%
6CENTRICA PLC1.23%
7RIO TINTO1.14%
8SOUTH32 LTD1.13%
9SBERBANK OF RUSSIA1.01%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Jupiter Absolute Return fund invests solely in the Jupiter Absolute Return fund, a UK authorised Unit Trust managed by Jupiter Unit Trust Managers Limited. The underlying fund seeks to generate absolute return, over a 3 year rolling period, independent of market conditions, by investing on a global basis. 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. The underlying fund aims to deliver positive returns in any market conditions, but returns are not guaranteed. Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective which must not be longer than three years. 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
  • LIBOR GBP 3m
Investment style
Absolute Return
Investment method
Fixed Interest, Money Market, Equity
Fund managers
NameSinceBiography
James Clunie31/08/2013James joined Jupiter in 2013. He is currently Head of Strategy, Absolute Return and manages the Jupiter Absolute Return Fund (Unit Trust) as well as the Jupiter Global Absolute Return fund (SICAV). Before joining Jupiter, James worked at Scottish Widows Investment Partnership as an Investment Director of equities, and managed a long/short equity fund and UK long-only funds. James was a senior lecturer in finance at the University of Edinburgh between 2003 and 2007, prior to which he worked as Head of Global Equities at Aberdeen Asset Management and Director and Head of Asset Allocation at Murray Johnstone International. James gained a degree and PhD from Edinburgh University and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Jupiter Absolute Return Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.18%
Bid price108.5
Offer price114.2
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHWU9
OMW Jupiter Absolute Return SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price120.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHWV0
Data provided by

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