Fact sheet: OMW LeggMasonIFMCGlEqIn

Fund information
Fund name
OMW Legg Mason IF Martin Currie Global Equity Income Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Mark Whiteheadsince 10/05/2016
  • Alan Portersince 01/11/2010
Underlying fund
Legg Mason IFMCGlEqIn
Fund objective
The OMW Legg Mason IF Martin Currie Global Equity Income fund invests solely in the Legg Mason IF Martin Currie Global Equity Income fund, a sub fund of Legg Mason Funds ICVC, a UK authorised Investment Company with Variable Capital managed by Legg Mason Investment Funds Limited.The underlying fund seeks to achieve income, with the potential for capital growth over the long term by investing in securities of companies listed globally. 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 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.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
None,Concentrated,Value
Investment method
Shares
Quick stats
1 Year return
20.2%
1 Year rank in sector
409/961
Sector
PN Global Equities
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.
93
Bid price
111.8
Offer price
117.6
Top in this sector
Fund name1 Year
AXA Wealth Sch ISF Gbl Recv Pn34.5%
OMW IPL M&G Global Dividend Pn32.2%
LV= M&G Global Div Pn32.2%
Aviva M&G Global Div Pn31.4%
Stan Life M&G Global Dividend Pn31.2%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • USA47.8%
    UK7.2%
    France6%
    Switzerland5.9%
    Australia5.6%
  • Industrials16.7%
    Financials12.7%
    Consumer Staples10.9%
    Health Care9.8%
    Energy8.8%
  • US Equities47.8%
    UK Equities7.2%
    French Equities6%
    Swiss Equities5.9%
    Australian Equities5.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%2.7%16%20.2%23%64.7%
Sector-1.9%2.7%15.4%17.8%32.6%78.7%
Rank within sector315 / 1039536 / 1035538 / 1025409 / 961700 / 848621 / 745
Quartile2nd3rd3rd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund19.6%-0.8%4%15.7%10.1%
Sector17.7%3.7%7.8%21.4%11.2%
Rank within sector422 / 963830 / 921659 / 849728 / 820547 / 752
Quartile2nd4th4th4th3rd
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.
-3.33
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.
0.98
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.
0.28
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%.
10.69
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.
4.18
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.
-0.85
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.
0.84
Price movement
52 week high114
52 week low87.3
Current bid price111.8
Current offer price117.6
Current mid price-
Region
1USA47.83%
2UK7.24%
3France5.96%
4Switzerland5.89%
5Australia5.57%
6Canada4.69%
7Singapore3.33%
8Italy3.06%
9Taiwan2.38%
Industry sector
1Industrials16.68%
2Financials12.72%
3Consumer Staples10.92%
4Health Care9.81%
5Energy8.84%
6Consumer Discretionary8.65%
7Telecommunications Utilities8.25%
8Real Estate7.87%
9Information Technology7.35%
Asset type
1US Equities47.83%
2UK Equities7.24%
3French Equities5.96%
4Swiss Equities5.89%
5Australian Equities5.57%
6Canadian Equities4.69%
7Singapore Equities3.33%
8Italian Equities3.06%
9Taiwanese Equities2.38%
Individual holdings
1CHEVRON CORP3.45%
2UNITED PARCEL SERVICE INC3.3%
3TIME WARNER INC3.11%
4MERCK & CO INC(NEW)3.09%
5PHILIP MORRIS INTERNATIONAL INC3.05%
6ROCHE HLDG AG3.03%
7CATERPILLAR INC3%
8APPLE INC2.93%
9OCCIDENTAL PETROLEUM CORP2.87%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Legg Mason IF Martin Currie Global Equity Income fund invests solely in the Legg Mason IF Martin Currie Global Equity Income fund, a sub fund of Legg Mason Funds ICVC, a UK authorised Investment Company with Variable Capital managed by Legg Mason Investment Funds Limited.The underlying fund seeks to achieve income, with the potential for capital growth over the long term by investing in securities of companies listed globally. 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 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.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
None,Concentrated,Value
Investment method
Shares
Fund managers
NameSinceBiography
Mark Whitehead10/05/2016Mark joined Martin Currie as Head of Income in November 2015. He manages the Securities Trust of Scotland, an investment trust with a global equity-income remit, and co-manages the Martin Currie Global Equity strategy. Previously, Mark worked at Sarasin & Partners where he constructed and managed a range of income, balanced, growth, and absolute return portfolios; he became Lead Manager for their thematic funds in the Global Dividend Range in 2007, and latterly was appointed Head of Equity Income from 2010. Before Sarasin & Partners, he was a portfolio manager at stockbroker Capel Cure Sharp. Mark started his investment career at NatWest Stockbrokers in 1998 and is a member of the Chartered Institute for Securities & Investment (CISI).
Alan Porter01/11/2010Alan co-manages the Martin Currie Global Equity strategy. He joined Martin Currie in 2008, having previously worked in London for, among others, Hill Samuel Asset Management and Insight Investment Management. Alan started his career in 1991 as a trainee fund manager at Scottish Amicable Investment Managers. He is an associate of the UK Society of Investment Professionals (ASIP). Alan has a degree in philosophy from Durham University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Legg Mason IF Martin Currie Global 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)0.98%
Bid price111.8
Offer price117.6
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeALD4
OMW Legg Mason IF Martin Currie Global 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)0.98%
Bid price-
Offer price-
Mid price118.9
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeALD3
Data provided by

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