Fact sheet: OMW M&G Euro Smaller Cos

Fund information
Fund name
OMW M&G Euro Smaller Cos Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • John William Olsensince 10/07/2016
  • Michael Oliverossince 31/12/2015
Underlying fund
M&G European Smaller Cos
Fund objective
The OMW M&G European Smaller Companies fund invests solely in the M&G European Smaller Companies fund, a sub fund of M&G Investment Funds (1) a UK authorised Open Ended Investment Company managed by M&G Securities Limited. The underlying fund seeks to achieve long term capital growth by investment in smaller companies in Europe. It will invest wholly or mainly in securities of European companies which constitute the bottom third in terms of total market capitalisation of all publicly listed equity in Europe. When not wholly invested as above, the underlying fund may only invest in medium and larger capitalised companies in order to enhance the liquidity of the fund. 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. 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
Growth
Investment method
Shares
Quick stats
1 Year return
16.2%
1 Year rank in sector
4/25
Sector
PN Europe Including 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.
96
Bid price
200.8
Offer price
211.3
Top in this sector
Fund name1 Year
AI UK Equity Income Pn26.6%
ReAssure BL Eupn Eq Trk Pn22.2%
FL AB Eurpn Eqty EP17.2%
OMW M&G Euro Smaller Cos16.2%
FL Cap Grp Eurpn Gth&Inc Pn14.6%
...more in PN Europe Including UK

Performance snapshot

Holdings snapshot

  • Germany22%
    UK21.1%
    Switzerland9%
    France8.5%
    Spain7.1%
  • Industrials35.9%
    Consumer Goods16.3%
    Financials15.4%
    Technology10%
    Health Care9.9%
  • German Equities22%
    UK Equities21.1%
    Swiss Equities9%
    French Equities8.5%
    Spanish Equities7.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%2.1%8.9%16.2%29.5%97.6%
Sector-0.1%0.4%8.2%10%21%66.8%
Rank within sector13 / 268 / 2614 / 264 / 256 / 214 / 18
Quartile2nd2nd3rd1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund13.8%18.9%-7.4%26.9%29%
Sector8.6%7.7%-0.4%24.8%17.4%
Rank within sector4 / 253 / 2121 / 218 / 202 / 18
Quartile1st1st4th2nd1st
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.
2.65
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.
1.01
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.
0.38
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%.
11.86
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.
5.09
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.
0.51
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.
0.82
Price movement
52 week high210.8
52 week low154.1
Current bid price200.8
Current offer price211.3
Current mid price-
Region
1Germany22.02%
2UK21.09%
3Switzerland9.03%
4France8.46%
5Spain7.06%
6Sweden5.52%
7Ireland4.94%
8Denmark4.39%
9Austria4.34%
Industry sector
1Industrials35.91%
2Consumer Goods16.27%
3Financials15.41%
4Technology9.97%
5Health Care9.92%
6Consumer Services4.87%
7Oil & Gas4.81%
8Basic Materials2.07%
9Money Market0.77%
Asset type
1German Equities22.02%
2UK Equities21.09%
3Swiss Equities9.03%
4French Equities8.46%
5Spanish Equities7.06%
6Swedish Equities5.52%
7Irish Equities4.94%
8Danish Equities4.39%
9Austrian Equities4.34%
Individual holdings
1LEIFHEIT AG3.62%
2JARDINE LLOYD THOMPSON GROUP3.24%
3THULE GROUP AB3.24%
4DISTRIBUCION INTEGRAL LOGISTA HOL3.11%
5INDIVIOR PLC3.09%
6CRITEO S.A3.04%
7FINTECH GLOBAL INC3.02%
8WH SMITH PLC2.88%
9CTS EVENTIM AG & CO KGAA2.75%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW M&G European Smaller Companies fund invests solely in the M&G European Smaller Companies fund, a sub fund of M&G Investment Funds (1) a UK authorised Open Ended Investment Company managed by M&G Securities Limited. The underlying fund seeks to achieve long term capital growth by investment in smaller companies in Europe. It will invest wholly or mainly in securities of European companies which constitute the bottom third in terms of total market capitalisation of all publicly listed equity in Europe. When not wholly invested as above, the underlying fund may only invest in medium and larger capitalised companies in order to enhance the liquidity of the fund. 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. 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
Growth
Investment method
Shares
Fund managers
NameSinceBiography
John William Olsen10/07/2016John William Olsen, a Danish national, joined M&G in April 2014, and was appointed fund manager of the M&G Global Select Fund and M&G Pan European Select Fund in July 2014. He was later appointed manager of the M&G European Select Fund and deputy manager of the M&G European Smaller Companies Fund in July 2016. John William joined M&G from Danske Capital, where from 2002 he had managed non-domestic equity portfolios, including the Global Stock Picking and Global Select equity funds, and also the European Select strategy. He joined Danske Capital in 1998 as a fund manager on the domestic Danish equities team, and in 2000 also became a global sector analyst focusing on technology and telecommunications stocks. John William gained a BA in business economics and then an MSc in finance and accounting from Copenhagen Business School.
Michael Oliveros31/12/2015Michael Oliveros was appointed manager of the M&G European Smaller Companies Fund in January 2016, having co-managed the fund since July 2015. He is also deputy manager of the M&G European Select Fund and the M&G Pan European Select Fund. Michael joined M&G in June 2011 as an analyst on the Leaders team, becoming deputy manager of the Global Leaders Fund in January 2013, a position he held until April 2016. Michael previously worked at Credit Suisse for six years, three of these as the market strategist and head of custom solutions in the HOLT group. Prior to Credit Suisse, he worked as an investment banking associate at Valuemetrics Advisors and as a management consultant at SCA Consulting. Michael graduated from the University of Illinois at Urbana-Champaign in 1998 with a BS in finance, minoring in technology and management. He is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW M&G Euro Smaller Cos Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.32%
Bid price200.8
Offer price211.3
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeSP55
OMW M&G Euro Smaller Cos SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price240.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZS43
Data provided by

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