Fact sheet: Parvest Money Mkt USD

Fund information
Fund name
Parvest Money Market USD Classic Cap USD
Fund manager company
BNP Paribas Invest Partners Lu
Fund type
Offshore Fund
Fund managers
  • Rena Walshsince 16/12/2013
Fund objective
The subfund belongs to the category of money market funds. The main objective of the sub-fund is to maintain the value of its assets by investing in money market instruments. It differs however from an investment in bank deposits in what neither the return nor the safeguarding of the capital can be guaranteed. To invest in the compartment does not constitute an investment in a guaranteed yield.
Benchmark
  • Cash Index USD LIBID 3 Months [Monthly Cap] (RI)
Investment style
None
Investment method
None
Quick stats
1 Year return
0.6%
1 Year rank in sector
10/56
Sector
FO Currency - US Dollar
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.
0.32%
Fund size
£685m (£801m 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.
74
Top in this sector
Fund name1 Year
Schroder ISF USD Lq2%
BlackRock ICSInt$UlStBd1%
Amundi Cash USD0.8%
CMI US Dollar Currency Reserve0.8%
JPM Mangd Resrv0.7%
...more in FO Currency - US Dollar

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.2%0.3%0.6%0.8%0.9%
Sector0.1%0.1%0.2%0.4%0.4%0.7%
Rank within sector8 / 598 / 598 / 5810 / 567 / 5011 / 47
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund0.5%0.1%0.1%0.1%0.1%
Sector0.3%0.1%-0%-0.1%0.4%
Rank within sector10 / 568 / 5313 / 5014 / 4919 / 47
Quartile1st1st2nd2nd2nd
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.
0.18
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.
0.56
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.
-
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%.
0.07
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.
0.06
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.
1.89
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.
0.47
Price movement
52 week high205.78
52 week low204.64
Current bid price-
Current offer price-
Current mid price205.79
Region
1Money Market100%
Industry sector
1Commercial Paper62.99%
2Certificates of Deposit38.98%
3Others-1.97%
Asset type
1Money Market100%
Individual holdings
1ENBRIDGE US INC 0% 16-12/12/2016 12/12/20162.19%
2UNITED TECH CORP 0% 16- 16/11/20162.15%
3CAISSE CENT DESJ 0% 16-13/12/2016 13/12/20161.85%
4MONSANTO CO 0% 16-28/11/2016 28/11/20161.72%
5ABN AMRO FUND 0% 16- 17/01/20171.46%
6ERSTE ABWICKLUNG 0% 16- 06/02/20171.46%
7HITACHI CAP AMER 0% 16- 28/11/20161.46%
8VIRGINIA EL&POW 0% 16- 07/12/20161.46%
9NORDEA BANK AB 0% 16- 19/12/20161.31%
Management
Fund manager group
BNP Paribas Invest Partners
Fund manager company
BNP Paribas Invest Partners Lu
Fund type
Offshore Fund
Fund objective
The subfund belongs to the category of money market funds. The main objective of the sub-fund is to maintain the value of its assets by investing in money market instruments. It differs however from an investment in bank deposits in what neither the return nor the safeguarding of the capital can be guaranteed. To invest in the compartment does not constitute an investment in a guaranteed yield.
Benchmark
  • Cash Index USD LIBID 3 Months [Monthly Cap] (RI)
Investment style
None
Investment method
None
Fund managers
NameSinceBiography
Rena Walsh16/12/2013Rena Walsh, Head of Money Markets for FFTW and is responsible for the growth and development of the U.S. Money Market business, including developing sub advisory relationships in the U.S. and promoting FFTW's offshore U.S. dollar money market capabilities. She joined FFTW in 2011 and is based in New York. Prior to joining FFTW, She worked for State Street Global Advisors, where she was a Vice President within the Global Cash and Intermediary Business Unit for 12 years focused on expanding and managing the registered money market product line, and Vice President, Unit Head of Cash for 4 years, managing short-term funds and a team of cash portfolio managers. Before that, she was a Vice President and Senior Portfolio Manager at PNC Investment Management (BlackRock) managing money market and fixed income funds. She started her career at Calvert Group holding multiple roles during her tenure. She has over 26 years of investment experience. She has a BA in international relations from the University of Virginia (1980).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Cyprus, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Greece, Hungary, Ireland, Italy, Jersey, Lebanon, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Offshore, Panama, Peru, Portugal, Singapore, Slovakia, Sweden, Taiwan - Province Of China
Parvest Money Market USD Classic Cap USD
Initial charge3%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)0.26%
Bid price-
Offer price-
Mid price205.7936
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePG62
Parvest Money Market USD Classic Dis USD
Initial charge3%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)0.26%
Bid price-
Offer price-
Mid price103.4494
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePA67
Parvest Money Market USD I Cap USD
Initial charge-
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.22%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price95.3479
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codePP70
Parvest Money Market USD Privilege Cap USD
Initial charge3%
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.28%
Total expense ratio (TER)0.23%
Bid price-
Offer price-
Mid price999.9332
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePP72
Data provided by

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