Fact sheet: OMW LeggMasonIFMCEuEqInc

Fund information
Fund name
OMW Legg Mason IF Martin Currie European Equity Income Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • David Forsythsince 01/01/2014
  • Ross Watsonsince 01/01/2012
Underlying fund
Legg Mason IFMCEuEqIn
Fund objective
The OMW Martin Currie European Equity Income fund invests solely in the Martin Currie European Equity Income fund, a sub fund of Martin Currie Investment Funds ICVC, a UK authorised Open Ended Investment Company managed by Martin Currie Fund Management Limited. The aim of the underlying fund is to provide an income in excess of the benchmark as well as the potential for capital appreciation. 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. 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
  • No Specified Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
5.1%
1 Year rank in sector
325/358
Sector
PN Europe Excluding UK
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.
108
Bid price
97.5
Offer price
102.6
Top in this sector
Fund name1 Year
OMW Old Mut Euro (ex UK) Sm Cos28.1%
OMW Henderson Euro Sm Cos24.3%
SIP Hend Eurpn Sm Cos Pn24.1%
Guardian Choices European Pn23.4%
L&G JPM Europe Sm Cos Pn19.5%
...more in PN Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Germany20.9%
    France19.8%
    Switzerland19%
    Italy9.7%
    Sweden7.7%
  • Financials21%
    Health Care12.4%
    Consumer Discretionary12.2%
    Industrials10.4%
    Consumer Staples8.7%
  • German Equities20.9%
    French Equities19.8%
    Swiss Equities19%
    Italian Equities9.7%
    Swedish Equities7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.3%-1%8.9%5.1%8%64.7%
Sector-5.8%-0.8%8.9%10.2%20.2%75.9%
Rank within sector145 / 368192 / 367197 / 367325 / 358329 / 339239 / 311
Quartile2nd3rd3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4.4%6.8%-4.1%27.2%20%
Sector8.6%9.4%-0.2%25.6%19.2%
Rank within sector312 / 358230 / 352312 / 340108 / 328141 / 310
Quartile4th3rd4th2nd2nd
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.
-4.46
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.
1.06
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.
0.03
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%.
11.46
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.
2.72
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.
-1.49
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.
0.95
Price movement
52 week high104
52 week low82.2
Current bid price97.5
Current offer price102.6
Current mid price-
Region
1Germany20.88%
2France19.77%
3Switzerland18.97%
4Italy9.71%
5Sweden7.71%
6Netherlands6.31%
7Austria3.68%
8Finland3.38%
9Spain2.92%
Industry sector
1Financials20.99%
2Health Care12.36%
3Consumer Discretionary12.24%
4Industrials10.36%
5Consumer Staples8.74%
6Telecommunications Utilities7.38%
7Materials6.76%
8Energy5.83%
9Real Estate5.82%
Asset type
1German Equities20.88%
2French Equities19.77%
3Swiss Equities18.97%
4Italian Equities9.71%
5Swedish Equities7.71%
6Dutch Equities6.31%
7Austrian Equities3.68%
8Finnish Equities3.38%
9Spanish Equities2.92%
Individual holdings
1ROCHE HLDG AG6.33%
2NESTLE SA4.42%
3UNILEVER NV4.33%
4SYNGENTA AG3.69%
5SANOFI3.4%
6DEUTSCHE TELEKOM AG3.15%
7DAIMLER AG3.09%
8INTESA SANPAOLO SPA3.05%
9TELEFONICA SA2.92%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Martin Currie European Equity Income fund invests solely in the Martin Currie European Equity Income fund, a sub fund of Martin Currie Investment Funds ICVC, a UK authorised Open Ended Investment Company managed by Martin Currie Fund Management Limited. The aim of the underlying fund is to provide an income in excess of the benchmark as well as the potential for capital appreciation. 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. 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
  • No Specified Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
David Forsyth01/01/2014David joined Martin Currie in 2005 and co-manages our European Equity Income Fund as well as providing portfolio-management support to European long only and charity portfolios. Prior to this, he worked with Tom Walker, co-managing our North American funds. Before joining Martin Currie, David worked on Abbey National Asset Managers’ US desk as an investment manager. He has also worked as an analyst covering Asian markets for Scottish Life. David began his career with Ernst & Young, where he qualified as a chartered accountant.
Ross Watson01/01/2012Ross joined Martin Currie in 2005 and manages European portfolios including our European Equity Income Fund, along with the accounts of a number of our charity clients. He came to us from Aberdeen Asset Managers, where he worked for five years. During his time there, he managed the Murray Income Trust, Jersey Phoenix Trust, Murray Extra Return Investment Trust and The Income & Growth Trust. Before that, Ross worked for Gartmore, where he spent 12 years managing its high-income UK equity portfolios. He has also worked for Dunedin Fund Managers as a UK fund manager. Ross started his investment career in 1983 as a trainee analyst with First Scottish Investment Trust.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Legg Mason IF Martin Currie European Equity Income 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 price97.5
Offer price102.6
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeALC3
OMW Legg Mason IF Martin Currie European Equity Income 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 price103.7
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeALC2
Data provided by

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