Fact sheet: OMW M&G Japan Smaller Cos

Fund information
Fund name
OMW M&G Japan Smaller Companies Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • John Lothiansince 31/08/2015
  • Johan Du Preezsince 31/08/2015
Underlying fund
M&G Japan Smaller Cos
Fund objective
The OMW M&G Japan Smaller Companies fund invests solely in the M&G Japan 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 investing wholly or predominantly in securities of smaller Japanese companies, the universe for which is the bottom third in terms of total market capitalisation of all publically listed equity in Japan. When not wholly invested as above, the underlying fund may also invest in medium sized and larger companies in order to enhance its liquidity. 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
  • Russell Nomura Mid-Small Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
31.5%
1 Year rank in sector
5/189
Sector
PN Japan
Yield
-
Fund size
£2m (£2m 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.
124
Bid price
364.9
Offer price
384.1
Top in this sector
Fund name1 Year
Zurich Inv PerpJapnseSmCosPn39.8%
FL GM Japnse Eq Pn37.7%
OMW InvescoPerpetaulJpnSlCos35.4%
SIP Inv Prp Jpnse Sm Cos Pn35.2%
OMW M&G Japan Smaller Cos31.5%
...more in PN Japan

Performance snapshot

Holdings snapshot

  • Japan96.2%
    Money Market3.8%
  • Industrials21%
    Consumer Goods18.6%
    Financials16.7%
    Consumer Services14%
    Technology13.7%
  • Japanese Equities96.2%
    Money Market3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%11.2%27.8%31.5%69.2%153.1%
Sector-3.2%5%19.1%19.8%42.2%82.2%
Rank within sector59 / 19510 / 19317 / 1925 / 1894 / 1804 / 168
Quartile2nd1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund33.8%16.3%8%31.5%14.7%
Sector18.9%15.7%1.5%26.2%4%
Rank within sector2 / 18965 / 1873 / 18033 / 1774 / 168
Quartile1st2nd1st1st1st
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.
8.62
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.
0.78
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.
1.29
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%.
12.11
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.
7.42
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.
0.76
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.
0.68
Price movement
52 week high381.9
52 week low242.1
Current bid price364.9
Current offer price384.1
Current mid price-
Region
1Japan96.21%
2Money Market3.79%
Industry sector
1Industrials21.03%
2Consumer Goods18.56%
3Financials16.7%
4Consumer Services14.01%
5Technology13.69%
6Basic Materials10.62%
7Money Market3.79%
8Health Care1.6%
Asset type
1Japanese Equities96.21%
2Money Market3.79%
Individual holdings
1IBJ LEASING CO LTD4.13%
2DENKA CO LTD3.86%
3JSR CORP3.77%
4ROHM CO3.68%
5SANKYO TATEYAMA INC3.6%
6SUMITOMO HEAVY INDUSTRIES3.54%
7NIKON CORP3.43%
8RIKEN CORP3.3%
9SUMITOMO REAL ESTATE SALE3.26%
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 Japan Smaller Companies fund invests solely in the M&G Japan 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 investing wholly or predominantly in securities of smaller Japanese companies, the universe for which is the bottom third in terms of total market capitalisation of all publically listed equity in Japan. When not wholly invested as above, the underlying fund may also invest in medium sized and larger companies in order to enhance its liquidity. 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
  • Russell Nomura Mid-Small Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
John Lothian31/08/2015John Lothian joined M&G in March 2011 as a specialist on Japanese equities. His roles have included senior analyst on the M&G American Fund and M&G Global Leaders Fund, as well as senior research analyst covering global consumer, healthcare, and technology sectors. He was appointed deputy manager of the M&G Japan and M&G Japan Smaller Companies funds in September 2015. Prior to M&G, John co-managed a Japanese equity fund at Occam Asset Management. Before that, he covered Japanese stocks at Lazard Asset Management in London. John started his career at Lehman Brothers in Tokyo. He has an MBA from Columbia Business School, an MA in international relations from The Johns Hopkins University School of Advanced International Studies (SAIS), and a BA in Greek and Latin from The Catholic University of America. John is fluent in Japanese and is a CFA charterholder.
Johan Du Preez31/08/2015Johan Du Preez joined Prudential Portfolio Managers (South Africa) in 1998 and then moved to the Japan Equity team in 2004. Before joining Prudential, Johan worked at Momentum Employee Benefits as an Actuarial Consultant. Prior to that, he worked at Crusader Life, South Africa. Johan graduated from the University of Witwatersrand, and holds a Bachelor of Economics. He also holds a Masters of Commerce from the University of Cape Town and he is a Chartered Financial Analyst.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
OMW M&G Japan Smaller Companies Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.33%
Bid price364.9
Offer price384.1
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCVE4
OMW M&G Japan Smaller Companies SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price408.9
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCVE5
Data provided by

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