Fact sheet: Odey European Absolute Rtn

Fund information
Fund name
Odey European Absolute Return I GBP
Fund manager company
Odey Asset Mgt
Fund type
No data available.
Fund manager
  • Feras Al-Chalabisince 09/12/2013
Fund objective
The investment objective of the Fund is to provide a positive absolute return in all market conditions while simultaneously aiming to achieve long term capital appreciation by investing generally in a portfolio of European equities and equity related securities. Derivatives may be used for investment and efficient portfolio management/hedging purposes, which may result in a higher level of volatility and risk than would be the case if the fund did not invest in derivatives.
Benchmark
  • MSCI Europe
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
-6%
1 Year rank in sector
131/136
Sector
FO Absolute Return
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.23%
Fund size
£0m
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.
70
Top in this sector
Fund name1 Year
SW Mitchell Emerging European25%
Polar Capital UK Abs Eq23.3%
F&C Ml Strat Gbl Eq17%
SWMC UK14.4%
Pictet Scv II Dyn Ass Alloc14.3%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-2.9%-2.3%-6%-17%-
Sector-0%1%1%2.6%3.2%8.4%
Rank within sector71 / 149142 / 147131 / 141131 / 13686 / 88-
Quartile2nd4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-2.4%-10.3%-0.9%-2.3%-
Sector1%0.7%0.7%1.2%3.6%
Rank within sector144 / 148128 / 13164 / 11573 / 87-
Quartile4th4th3rd4th
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.
-1.74
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.
-0.01
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%.
10.75
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.
11.41
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.
-0.68
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.
0.09
Price movement
52 week high93.13
52 week low84.46
Current bid price-
Current offer price-
Current mid price85.16
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1S&P500 EMINI FUT MAR1723.2%
2EURO STOXX 50 MAR1717%
3MAISONS DU MONDE4.8%
4WOLSELEY PLC3.5%
5MERCK SA3.4%
6LAM RESEARCH CORP2.5%
7NATIONAL GRID-1.8%
8DANONE-2.3%
9EURO-BTP FUTURE MAR17-4.6%
Management
Fund manager group
Odey
Fund manager company
Odey Asset Mgt
Fund type
No data available.
Fund objective
The investment objective of the Fund is to provide a positive absolute return in all market conditions while simultaneously aiming to achieve long term capital appreciation by investing generally in a portfolio of European equities and equity related securities. Derivatives may be used for investment and efficient portfolio management/hedging purposes, which may result in a higher level of volatility and risk than would be the case if the fund did not invest in derivatives.
Benchmark
  • MSCI Europe
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Feras Al-Chalabi09/12/2013Feras joined Odey in 1999. Previously Feras worked as a European technology analyst and as a general analyst for the Japanese fund at Odey. Feras graduated from Brasenose College Oxford where he read Classics & Modern Languages.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Odey European Absolute Return I EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price82.1709
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJZLB
Odey European Absolute Return I GBP
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price85.1606
CurrencyGBP
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJZLC
Odey European Absolute Return I USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.55%
Bid price-
Offer price-
Mid price85.3723
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJZLD
Odey European Absolute Return M W GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price81.9781
CurrencyGBP
Price updated22/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM4EG
Odey European Absolute Return R GBP
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)2.03%
Bid price-
Offer price-
Mid price84.0429
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJZLH
Odey European Absolute Return S EUR
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price83.9093
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJZLE
Odey European Absolute Return S GBP
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price86.8989
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJZLF
Odey European Absolute Return S USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price85.852
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJZLG
Data provided by

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