Fact sheet: OMW Liontrust European Income

Fund information
Fund name
OMW Liontrust European Income Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund manager
  • Olly Russsince 15/12/2005
Underlying fund
Liontrust European Income
Fund objective
The OMW FP Argonaut European Income fund invests solely in the FP Argonaut European Income fund, a sub fund of FP Argonaut Funds, a UK authorised Open-Ended Investment Company managed by Fund Partners Limited. The aim of the underlying fund is to provide an income in excess of the yield of the MSCI Europe ex UK Index, with long term capital growth by investing in a concentrated portfolio of approximately 30-60 stocks. The underlying fund will invest predominantly in securities of companies predominantly incorporated in Continental Europe and Ireland. 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. 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
  • MSCI Europe ex UK
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
8.3%
1 Year rank in sector
269/358
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.
106
Bid price
100.7
Offer price
105.9
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

  • Germany23%
    France18.6%
    Sweden14.2%
    Switzerland11.5%
    Italy10.4%
  • Financials29.5%
    Industrials13.2%
    Health Care9.8%
    Consumer Discretionary9.8%
    Consumer Staples7.7%
  • German Equities23%
    French Equities18.6%
    Swedish Equities14.2%
    Swiss Equities11.5%
    Italian Equities10.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.2%1.4%8.7%8.3%19.3%-
Sector-5.8%-0.8%8.9%10.2%20.2%75.9%
Rank within sector114 / 36856 / 367207 / 367269 / 358155 / 339-
Quartile2nd1st3rd4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.2%9.8%0.2%24.3%-
Sector8.6%9.4%-0.2%25.6%19.2%
Rank within sector251 / 358129 / 352141 / 340205 / 328-
Quartile3rd2nd2nd3rd
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.
-0.53
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.
0.91
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.
0.33
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%.
10.27
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.
3.82
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.
-0.33
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.
0.87
Price movement
52 week high106.4
52 week low83.2
Current bid price100.7
Current offer price105.9
Current mid price-
Region
1Germany23.04%
2France18.62%
3Sweden14.17%
4Switzerland11.5%
5Italy10.43%
6Norway8.03%
7Spain4.64%
8Ireland3.26%
9Finland2.83%
Industry sector
1Financials29.47%
2Industrials13.19%
3Health Care9.76%
4Consumer Discretionary9.75%
5Consumer Staples7.67%
6Telecommunications Utilities6.95%
7Materials6.52%
8Utilities6.4%
9Real Estate5.65%
Asset type
1German Equities23.04%
2French Equities18.62%
3Swedish Equities14.17%
4Swiss Equities11.5%
5Italian Equities10.43%
6Norwegian Equities8.03%
7Spanish Equities4.64%
8Irish Equities3.26%
9Finnish Equities2.83%
Individual holdings
1DEUTSCHE POST AG3.57%
2DAIMLER AG3.54%
3VINCI SA3.52%
4TRASMISSIONE ELETTRICITA RETE NAZIO3.48%
5SWEDBANK AB3.42%
6RYANAIR HLDGS3.26%
7ROCHE HLDG AG3.04%
8ENDESA SA2.92%
9NOVARTIS AG2.92%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW FP Argonaut European Income fund invests solely in the FP Argonaut European Income fund, a sub fund of FP Argonaut Funds, a UK authorised Open-Ended Investment Company managed by Fund Partners Limited. The aim of the underlying fund is to provide an income in excess of the yield of the MSCI Europe ex UK Index, with long term capital growth by investing in a concentrated portfolio of approximately 30-60 stocks. The underlying fund will invest predominantly in securities of companies predominantly incorporated in Continental Europe and Ireland. 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. 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
  • MSCI Europe ex UK
Investment style
Active
Investment method
Shares
Fund manager
NameSinceBiography
Olly Russ15/12/2005Oliver Russ graduated from Oxford University in 1996 with a first class honours degree in Classics. He holds the CFA charter, has successfully completed the IIMR examinations, and is a Member of the Chartered Institute for Securities and Investment. He joined investment boutique Orbitex in 1998, where he worked on European Equity and UK Income funds, and was responsible for running the Orbitex UK Equity Fund from its inception in March 2000. In 2002 Oliver moved to Invicta Investment Management, a privately owned hedge fund, before joining Neptune Investment Management in April 2004 as a fund manager and financial analyst. Oliver is the lead manager of the Argonaut European Income Fund, launched in December 2005, and is also the lead manager of the Argonaut European Enhanced Income Fund launched in May 2010.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Liontrust European Income Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price100.7
Offer price105.9
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG8UO
OMW Liontrust European Income SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price106.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG8UP
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