Fact sheet: OMW Old Mutual Gbl Eq AbsR

Fund information
Fund name
OMW Old Mutual Global Equity Absolute Return Pn
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund managers
  • Mike Serventsince 29/06/2009
  • Amadeo Alentornsince 29/06/2009
  • Ian Heslopsince 29/06/2009
Underlying fund
Old Mutual GblEqAbsRtn
Fund objective
The OMW Old Mutual Global Equity Absolute Return fund invests solely in the Old Mutual Global Equity Absolute Return fund, a sub fund of Old Mutual Global Investors Series PLC, an Irish authorised Investment Company with Variable Capital, managed by Old Mutual Global Investors (UK) Limited. The underlying fund seeks to achieve capital appreciation while closely controlling risk. In addition, the underlying Fund intends to deliver absolute returns that have a low correlation with equity and bond markets. The underlying Fund aims to deliver an absolute return over rolling 12 month periods, in other words, at any one time the portfolio of the Fund will typically be constructed with reference to an investment horizon of no greater than 12 months. In addition to the underlying annual management charge of 1.50% of the underlying fund’s value, the fund manager charges a performance-related fee of 20% of the amount by which the underlying fund’s performance exceeds that of the Bank of England base rate (the Hurdle). The fee is calculated daily and deducted twice a year at the end of June and December.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1.5%
1 Year rank in sector
384/510
Sector
PN Specialist
Yield
-
Fund size
£7m (£5m 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.
26
Bid price
103
Offer price
108.4
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus40.3%
ReAssure AL NptRu&GtrRus Pn40%
L&G Nep Russia&Gtr Russia Pn39.8%
OMW InvescoPerpetualEmgEurpn34.7%
SIP Sanlam Gbl Fin Pn34.5%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • North America72.6%
    Europe64.7%
    Asia Pacific ex Japan37.5%
    Japan30.1%
  • Information Technology10.6%
    Materials7%
    Health Care4.5%
    Energy4.4%
    Industrials-1.1%
  • International Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%2.9%1.3%1.5%11.9%33.9%
Sector-2%-0.6%6.3%7.4%19.4%41.4%
Rank within sector19 / 54648 / 544393 / 531384 / 510258 / 386181 / 314
Quartile1st1st3rd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund0.5%3.6%8.2%17.3%0.3%
Sector8.3%2%7.2%11%7.7%
Rank within sector416 / 514100 / 450116 / 38874 / 357295 / 318
Quartile4th1st2nd1st4th
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.
4.9
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.
-0.16
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.
0.08
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%.
3.83
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.
7.87
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.
-0.3
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.
0.06
Price movement
52 week high103.5
52 week low98.5
Current bid price103
Current offer price108.4
Current mid price-
Region
1North America72.6%
2Europe64.7%
3Asia Pacific ex Japan37.5%
4Japan30.1%
Industry sector
1Information Technology10.6%
2Materials7%
3Health Care4.5%
4Energy4.4%
5Industrials-1.1%
6Utilities-1.1%
7Financials-3%
8Telecommunications Utilities-5.1%
9Consumer Staples-6.5%
Asset type
1International Equities100%
Individual holdings
1NETEASE INC1.4%
2ANGLO AMERICAN1.2%
3APPLIED MATERIALS INC1.2%
4ARCELORMITTAL SA1.2%
5SOCIETE GENERALE1.1%
Management
Fund manager group
Skandia
Fund manager company
Old Mutual Wlth Life As Co Ltd
Fund type
Pension Fund
Fund objective
The OMW Old Mutual Global Equity Absolute Return fund invests solely in the Old Mutual Global Equity Absolute Return fund, a sub fund of Old Mutual Global Investors Series PLC, an Irish authorised Investment Company with Variable Capital, managed by Old Mutual Global Investors (UK) Limited. The underlying fund seeks to achieve capital appreciation while closely controlling risk. In addition, the underlying Fund intends to deliver absolute returns that have a low correlation with equity and bond markets. The underlying Fund aims to deliver an absolute return over rolling 12 month periods, in other words, at any one time the portfolio of the Fund will typically be constructed with reference to an investment horizon of no greater than 12 months. In addition to the underlying annual management charge of 1.50% of the underlying fund’s value, the fund manager charges a performance-related fee of 20% of the amount by which the underlying fund’s performance exceeds that of the Bank of England base rate (the Hurdle). The fee is calculated daily and deducted twice a year at the end of June and December.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mike Servent29/06/2009Mike joined the Global Equity team at Old Mutual Global Investors in November 2004. He is a fund manager, and as Head of Systems is responsible for maintaining the investment platform and systems employed by the team. Prior to joining Old Mutual Global Investors, he was a senior consultant at Barra International, specialising in the implementation of multi-asset class risk systems. Prior to this he spent five years with COR Risk Solutions, developing financial modelling software. Mike has over 14 years of experience in the industry.
Amadeo Alentorn29/06/2009Amadeo Alentorn is a part of the Quantitative Strategies desk, where they run a variety of mandates, ranging from global equity market neutral hedge funds to regional long only equity funds. His current role mainly consists of managing the research team, and conducting research into new ideas and models. As part of his role he also get involved in portfolio management and client meetings. One great thing about our team is the close interaction between research, portfolio management and systems, which enables them to gain exposure to the entire quantitative investing life cycle, from idea generation to research, implementation and trading. Overall, it's a very enjoyable and stimulating work environment. He joined OMAM in 2005, while finishing his PhD in Computational Finance at CCFEA, in the University of Essex. Coming from an academic background, one aspect that attracted him to OMAM's Quantitative Strategies team was its rigorous approach to research and the close links with academia, which gives him the opportunity to work alongside some of the top professors in finance. Prior to his career at OMAM, he collaborated with the Bank of England in several research projects, and worked for four years in software development. He have a BEng in Robotics from the University of Plymouth and an MSc in Computer Science from the University of Essex.
Ian Heslop29/06/2009Ian became the manager of Global Technology at Old Mutual Asset Managers (OMAM) in January 2002. Prior to this he was US Technology and Biotechnology Fund Manager at Gerrard. He joined the company in 2000 from Barclays Global Investors where he was UK Quantitative Fund Manager. Ian has a degree in Chemistry from Oxford University and a Ph.D. in Medicinal Chemistry from Edinburgh University.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
OMW Old Mutual Global Equity Absolute Return Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.48%
Bid price103
Offer price108.4
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKBT0
OMW Old Mutual Global Equity Absolute Return SP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price110.5
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKBT1
Data provided by

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