Fact sheet: Polar Capital GblInsnrc

Fund information
Fund name
Polar Capital Global Insurance R Acc GBP
Fund manager company
Polar Capital
Fund type
OEIC
Fund managers
  • Nick Martinsince 01/01/2008
  • Alec Fostersince 18/10/1998
Accolades
Fund objective
The Fund aims to provide an attractive total return, irrespective of broader economic and financial market conditions, by investing in companies operating within the international insurance sector.
Benchmark
  • MSCI Daily TR World Net Insurance
Investment style
Active,Concentrated
Investment method
Shares
Quick stats
1 Year return
27.2%
1 Year rank in sector
-
Sector
FO Equity - Financial
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.
1.4%
Fund size
£526m (£355m 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
Top in this sector
Fund name1 Year
Sanlam Global Financial34.4%
Polar Capital GblInsnrc27.2%
Fidelity Gbl Financl Svs23.2%
JGF-Jupiter Gbl Fins15.4%
Polar Capital Asian Financials8.9%
...more in FO Equity - Financial

Performance snapshot

Holdings snapshot

  • USA46.7%
    Bermuda32.1%
    UK10.7%
    Europe5.6%
    Money Market2.6%
  • Insurance39.2%
    Trade35.7%
    Retail12.3%
    Health Care7.1%
    Money Market3.5%
  • US Equities46.7%
    American Emerging Equities32.1%
    UK Equities10.7%
    European Equities5.6%
    Money Market2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.8%7.7%21%27.2%64.2%143.6%
Sector7.2%5.5%11.5%3.7%18%66.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund27.9%13.5%11.9%31.7%13%
Sector5.3%1.7%7.6%20.3%20.9%
Rank within sector-----
Quartile
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.
17.1
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.
0.27
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.
1.44
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%.
10.26
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.
13.91
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.
0.91
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.
0.11
Price movement
52 week high5.28
52 week low3.81
Current bid price-
Current offer price-
Current mid price5.2
Region
1USA46.7%
2Bermuda32.1%
3UK10.7%
4Europe5.6%
5Money Market2.6%
6Asia1.5%
7South Africa0.8%
Industry sector
1Insurance39.18%
2Trade35.67%
3Retail12.32%
4Health Care7.12%
5Money Market3.54%
6Others2.16%
Asset type
1US Equities46.7%
2American Emerging Equities32.1%
3UK Equities10.7%
4European Equities5.6%
5Money Market2.6%
6Asia Pacific Equities1.5%
7South African Equities0.8%
Individual holdings
1CHUBB LTD8.45%
2ARCH CAPITAL GROUP7.25%
3MARSH & MCLENNAN COS INC6.65%
4MARKEL CORP5.04%
5ALLEGHANY CORP4.84%
6BERKSHIRE HATHAWAY INC4.52%
7VALIDUS HOLDING LTD4.38%
8REINSURANCE GROUP OF AMERICA3.55%
9ESSENT GRP LTD3.48%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The Fund aims to provide an attractive total return, irrespective of broader economic and financial market conditions, by investing in companies operating within the international insurance sector.
Benchmark
  • MSCI Daily TR World Net Insurance
Investment style
Active,Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Nick Martin01/01/2008Nick Martin joined Polar Capital in September 2010 and is manager of the Polar Capital Global Insurance Fund (previously the Hiscox Insurance Portfolio Fund). Nick has worked closely with Alec Foster since 2001 when he joined Hiscox plc. He participated in the management buyout of Hiscox Investment Management in 2007 when the business was renamed HIM Capital Ltd. He has developed a broad knowledge of the insurance sector during this time and from working for the chartered accountants, Mazars Neville Russell, where he specialised in audit and consultancy work for insurance companies and brokers. He is a qualified chartered accountant and obtained a first class honours degree in Econometrics and Mathematical Economics at the London School of Economics.
Alec Foster18/10/1998Alec Foster has been a Partner of Polar Capital LLP since September 2010 and is adviser to the Polar Capital Global Insurance Fund, which is managed by Nick Martin. Alec and Nick have worked together on the Fund for 15 years. He joined Hiscox plc in 1976 where he was the group investment officer until 2005. He was managing director of Hiscox Investment Management Ltd prior to the management buyout in 2007 when the business was renamed HIM Capital Ltd. Alec launched the Hiscox Insurance Portfolio Fund (now the Polar Capital Global Insurance Fund) in 1998. He was also non-executive chairman of Universal Salvage plc.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Polar Capital Global Insurance A Inc GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price4.3662
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKW16
Polar Capital Global Insurance B Acc GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price5.3364
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKW12
Polar Capital Global Insurance E Inc GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price4.4917
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFVI3
Polar Capital Global Insurance F Acc GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price5.5387
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVI2
Polar Capital Global Insurance I Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price6.3771
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAU2
Polar Capital Global Insurance I Acc GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price5.3833
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAU4
Polar Capital Global Insurance I Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price6.8395
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAU0
Polar Capital Global Insurance I Hedged Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.7878
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNFFG
Polar Capital Global Insurance I Hedged Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.7967
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNFFF
Polar Capital Global Insurance I Inc EUR
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price5.2155
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNAU1
Polar Capital Global Insurance I Inc GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price4.4027
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNAU3
Polar Capital Global Insurance I Inc USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price5.5936
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNAT9
Polar Capital Global Insurance R Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price6.1607
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNAT6
Polar Capital Global Insurance R Acc GBP
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price5.2006
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNAT8
Polar Capital Global Insurance R Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price6.6074
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNAT4
Polar Capital Global Insurance R Inc EUR
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price5.0717
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNAT5
Polar Capital Global Insurance R Inc GBP
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price4.2813
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNAT7
Polar Capital Global Insurance R Inc USD
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price5.4394
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNAT3
Data provided by

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