Fact sheet: Polar Capital UK Abs Eq

Fund information
Fund name
Polar Capital UK Absolute Equity I GBP
Fund manager company
Polar Capital
Fund type
OEIC
Fund manager
  • Guy Rushtonsince 28/09/2014
Fund objective
The Fund aims to achieve a positive absolute return on a 12-month rolling basis1 by investing predominantly in UK companies and, to a lesser degree, in European and global equities.
Benchmark
  • LIBOR 3 month GBP
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
9%
1 Year rank in sector
5/131
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.
1.2%
Fund size
£88m (£16m 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.
73
Top in this sector
Fund name1 Year
SW Mitchell Emerging European16.7%
Pioneer SICV-AbsRetBd16.1%
Pictet Scv II Dyn Ass Alloc11.2%
Orbis Optimal SA9.3%
Polar Capital UK Abs Eq9%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • UK24.5%
    North America2.9%
    Europe ex UK-3.2%
  • Information Technology13.4%
    Financials12.5%
    Health Care5.4%
    Materials4.7%
    Consumer Staples1.8%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3%-1%8.8%9%--
Sector0%-0.5%0.6%0%2.7%9.8%
Rank within sector5 / 140100 / 1404 / 1385 / 131--
Quartile1st3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.3%20%---
Sector0.3%0.7%1.2%3.6%3.9%
Rank within sector4 / 1311 / 115---
Quartile1st1st
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high14.93
52 week low12.06
Current bid price-
Current offer price-
Current mid price14.29
Region
1UK24.5%
2North America2.9%
3Europe ex UK-3.2%
Industry sector
1Information Technology13.4%
2Financials12.5%
3Health Care5.4%
4Materials4.7%
5Consumer Staples1.8%
6Utilities1.8%
7Industrials0.3%
8Energy-0.4%
9Consumer Discretionary-2.7%
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The Fund aims to achieve a positive absolute return on a 12-month rolling basis1 by investing predominantly in UK companies and, to a lesser degree, in European and global equities.
Benchmark
  • LIBOR 3 month GBP
Investment style
Absolute Return
Investment method
Shares
Fund manager
NameSinceBiography
Guy Rushton28/09/2014Guy joined Polar Capital as a Fund Manager in August 2014. Prior to this, he was with Legal & General managing US$440m of assets across long/short and long-only funds focussed on UK and European equities. He began his tenure with L&G as a UK equity analyst, moving across to portfolio management as co-manager of the Legal & General UK Absolute Fund in 2011, becoming the sole fund manager in 2013. Up until his departure, Guy also managed the Legal & General UK Special Situations Fund and UK Active Opportunities Fund. Prior to L&G, he was with Clear Capital as a healthcare equity analyst. Guy read Medicine at the University of Cambridge graduating with an honours degree in Medical Sciences in 2005. He is a CFA charterholder.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV 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 UK Absolute Equity I EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.8
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU2G
Polar Capital UK Absolute Equity I GBP
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.29
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU2F
Polar Capital UK Absolute Equity I Hedge EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price17.93
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKU2I
Polar Capital UK Absolute Equity I Hedge USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price23.21
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKU2J
Polar Capital UK Absolute Equity I USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.12
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU2H
Polar Capital UK Absolute Equity R EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.7
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKU2L
Polar Capital UK Absolute Equity R GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.21
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKU2K
Polar Capital UK Absolute Equity R Hedge EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price17.79
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU2N
Polar Capital UK Absolute Equity R Hedge USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price22.99
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU2O
Polar Capital UK Absolute Equity R USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.01
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKU2M
Polar Capital UK Absolute Equity S EUR
Initial charge5%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.9
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU2Q
Polar Capital UK Absolute Equity S GBP
Initial charge5%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.38
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU2P
Polar Capital UK Absolute Equity S Hedge EUR
Initial charge5%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.07
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU2S
Polar Capital UK Absolute Equity S Hedge USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price23.3
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU2T
Polar Capital UK Absolute Equity S USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.23
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU2R
Data provided by

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