Fact sheet: RMG FX Strategy UCITS

Fund information
Fund name
RMG FX Strategy UCITS Z GBP
Fund manager company
GlobalReach Multi Strategy Fun
Fund type
OEIC
Fund managers
  • Stewart Richardsonsince 01/12/2009
  • Howard Jonessince 30/09/2012
Fund objective
The Fund has a macro discretionary mandate with an investment objective to achieve long-term capital appreciation. This will be achieved by investing in currencies (G10 and liquid emerging market currencies) on the foreign exchange (FX) markets via spot, forwards, NDFs and vanilla options.
Benchmark
  • Average GBP 1 Month Deposit Rate
Investment style
Macro
Investment method
Money Market
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Hedge/Stru Prod - Currency
Yield
-
Fund size
£16m
Top in this sector
Fund name1 Year
CGS FMS Gbl Evl EM Debt & FX10.9%
Principal GIF GblTmDivAbRt8.9%
Boost Long $ Short EUR 4x Dly ETP2.9%
Boost Long $ Short EUR 5x Dly ETP1.8%
Amundi Abst Mac For0.8%
...more in FO Hedge/Stru Prod - Currency

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%0.8%0.3%---
Sector0.1%-0.2%0.4%1.9%3.6%-4.3%
Rank within sector2 / 73 / 95 / 9---
Quartile2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector1.1%0.4%2.2%-6.5%-1.6%
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.
-
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.
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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%.
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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.
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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.
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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.
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Price movement
52 week high99.95
52 week low94.55
Current bid price-
Current offer price-
Current mid price96.62
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
GlobalReach Multi Strategy Fun
Fund type
OEIC
Fund objective
The Fund has a macro discretionary mandate with an investment objective to achieve long-term capital appreciation. This will be achieved by investing in currencies (G10 and liquid emerging market currencies) on the foreign exchange (FX) markets via spot, forwards, NDFs and vanilla options.
Benchmark
  • Average GBP 1 Month Deposit Rate
Investment style
Macro
Investment method
Money Market
Fund managers
NameSinceBiography
Stewart Richardson01/12/2009A founding partner of RMG, Stewart is the Chief Investment Officer. Stewart started his career in 1986 at Coutts Bank in London working on the International desk of their Investment Department. Stewart helped manage global multi asset portfolios for High Net Worth families as well as several small institutional mandates. He was also lucky to have an 18 month posting to Hong Kong in 1997/8. Between 1999 and 2002 Stewart worked at Merrill Lynch managing global multi asset portfolios for high net worth families. From 2002 to 2009, Stewart worked at Royal Bank of Canada, again managing multi asset portfolios, with an increasing focus on absolute return strategies. Stewart has an ability to maintain a genuinely global perspective when investing. Stewart is a clear thinker on all aspects of global economies and financial markets and appears regularly in the financial press. Stewart writes the weekly RMG macro bulletin which articulates view and proves consistency. Stewart heads an experienced advisory investment board that includes both internal and external, independent parties with investment management expertise strongly represented.
Howard Jones30/09/2012Howard brings 30 years of experience in managing macro foreign exchange at banks and hedge funds. Howard started his career at Chemical Bank in 1986 and then joined AIG Trading in 1992 as Head of European Currency Trading. He subsequently joined AIG International Asset Management as a founder partner of AIG Strategic Currency Fund. He ran that until 1999 when he joined Tokai Bank Europe, a well established proprietary trading house. He was part of the FX and Fixed Income team that left to set up Olea Capital which ran until 2005. Since that point, Howard has been an advisor to macro hedge funds and managed discretionary managed accounts before joining RMG full-time in 2012, having been a member of the advisory board since 2011. An economic background coupled with experience in global markets ensures Howard has truly global perspective and ability to assess market action without the emotional behaviour often exhibited in financial markets.   Working closely with Stewart to manage the RMG FX Strategy, Howard brings a wealth of experience in macro management and trading which combines well with Stewart research driven, thematic style.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Ireland, Jersey, Offshore
RMG FX Strategy UCITS B USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.7296
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNB2Y
RMG FX Strategy UCITS Z EUR
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.4977
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMZTD
RMG FX Strategy UCITS Z GBP
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.6222
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMZTC
Data provided by

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