Fact sheet: OMW Lazard Euro Alpha

Fund information
Fund name
OMW Lazard Euro Alpha Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Aaron Barnfathersince 01/03/2008
  • Paul Selvey Clintonsince 01/08/2014
Underlying fund
Lazard European Alpha
Fund objective
The OMW Lazard European Alpha Fund invests solely in the Lazard European Alpha Fund, a sub-fund of Lazard Investment Funds, a UK Authorised Open-Ended Investment company, managed by Lazard Fund Managers Limited. The aim of the underlying fund is to achieve capital growth at a rate greater than that of the FTA World Europe ex-UK Index, measured in Sterling. The underlying portfolio will consist of actively managed investments in equity, equity-related and debt-related issues of continental European markets. 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. 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
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
17.6%
1 Year rank in sector
343/365
Sector
PN Europe Excluding UK
Yield
-
Fund size
£1m (£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.
107
Bid price
260
Offer price
273.6
Top in this sector
Fund name1 Year
Zurich Nept EuroOppsPn48.8%
Scot Eq Neptune Eur Opps Pn48.7%
RLP EurSpl(NeptuneEurpOpp)Pn47.6%
SIP Neptune Eurpn Opps Pn45.8%
L&G Neptune European Opps Pn45.1%
...more in PN Europe Excluding UK

Performance snapshot

Holdings snapshot

  • France23.4%
    Netherlands13.7%
    Germany11.5%
    Switzerland11.3%
    Others10.6%
  • Financials27.4%
    Consumer Goods19.9%
    Industrials11.1%
    Technology8%
    Health Care7.8%
  • French Equities23.4%
    Dutch Equities13.7%
    German Equities11.5%
    Swiss Equities11.3%
    International Equities10.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2%5.9%4.9%17.6%28.2%91.5%
Sector2%6.2%7.4%24%33.3%92.8%
Rank within sector203 / 371225 / 370324 / 369343 / 365271 / 343166 / 317
Quartile3rd3rd4th4th4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund7.3%9.3%10%0.4%24.8%
Sector7.6%15.8%9.4%-0.2%25.6%
Rank within sector219 / 369336 / 358127 / 352130 / 340187 / 329
Quartile3rd4th2nd2nd3rd
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.
-1.28
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.
1.05
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%.
12.38
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.
3.39
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.
-0.28
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.
0.93
Price movement
52 week high259.5
52 week low207
Current bid price260
Current offer price273.6
Current mid price-
Region
1France23.4%
2Netherlands13.7%
3Germany11.5%
4Switzerland11.3%
5Others10.6%
6Italy8.9%
7Ireland6.2%
8Denmark5%
9Sweden4.4%
Industry sector
1Financials27.4%
2Consumer Goods19.9%
3Industrials11.1%
4Technology8%
5Health Care7.8%
6Basic Materials7.5%
7Consumer Services7.5%
8Oil & Gas3.3%
9Telecommunications3.2%
Asset type
1French Equities23.4%
2Dutch Equities13.7%
3German Equities11.5%
4Swiss Equities11.3%
5International Equities10.6%
6Italian Equities8.9%
7Irish Equities6.2%
8Danish Equities5%
9Swedish Equities4.4%
Individual holdings
1NOVARTIS AG5.2%
2UNILEVER NV3.8%
3AXA3.7%
4SAP SE3.6%
5ANHEUSER-BUSCH INBEV SA/NV3.5%
6FRESENIUS MEDICAL CARE AG & CO.KGAA2.7%
7CARLSBERG2.6%
8AIR LIQUIDE(L`)2.5%
9VINCI SA2.5%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Lazard European Alpha Fund invests solely in the Lazard European Alpha Fund, a sub-fund of Lazard Investment Funds, a UK Authorised Open-Ended Investment company, managed by Lazard Fund Managers Limited. The aim of the underlying fund is to achieve capital growth at a rate greater than that of the FTA World Europe ex-UK Index, measured in Sterling. The underlying portfolio will consist of actively managed investments in equity, equity-related and debt-related issues of continental European markets. 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. 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
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Aaron Barnfather01/03/2008Aaron Barnfather is a Portfolio Manager/Analyst and leads the portfolio management team in London who are responsible for the management of European equities. He began working in the investment field in 1994. Prior to joining Lazard in 2008, Aaron was a Senior Portfolio Manager and lead manager on Newton Investment Management’s pan-European portfolios, launching the Newton European Higher Income fund in 2007. Prior to Newton, he held positions at Royal & Sun Alliance Investment Management on the UK, International and European Equity teams. He has a BA in Business Studies from the University of East London and an MSc in Investment Analysis from Stirling University. Aaron is a member of the UK Society of Investment Professionals (UKSIP).
Paul Selvey Clinton01/08/2014Paul Selvey-Clinton is a Portfolio Manager/Analyst on the European Equity team. Prior to joining Lazard in 2014, Paul worked in a predominantly European focused fund at SAC Global Investors. Before this he was an Equity Analyst and Partner at Occitan Capital. Paul started his career in 2006 as an Equity Analyst at Brevan Howard Asset Management. Paul has a BA (Hons) in Geography from Keble College, Oxford University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Lazard Euro Alpha Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.22%
Bid price260
Offer price273.6
Mid price-
CurrencyGBX
Price updated25/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeHP62
OMW Lazard Euro Alpha SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price309.5
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZS27
Data provided by

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