Fact sheet: ReAssure AL TGSB M&G Mgd Gth Pn

Fund information
Fund name
ReAssure AL TGSB M&G Managed Growth Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • David Fishwicksince 31/08/2015
  • Craig Moransince 01/11/2013
Underlying fund
M&G Managed Growth
Fund objective
The fund aims to achieve long-term capital growth by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise. Up to 20% of its portfolio can also be directly invested in company shares and cash. The fund manager will use his judgement to decide on individual fund and stock weightings. Close consultation with M&G’s fund managers and analyst team is a key part of the decision-making process.
Benchmark
  • FTSE World
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
42.9%
1 Year rank in sector
105/965
Sector
PN Global Equities
Yield
-
Fund size
£0m (£0m 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.
98
Bid price
2.272
Offer price
2.391
Top in this sector
Fund name1 Year
Stan Life M&G Global Dividend Pn57.5%
OMW IPL M&G Global Dividend Pn56.2%
LV= M&G Global Div Pn56.1%
RLP M&G Global Dividend Pn56%
AXA Wealth M&G Global Div Pn56%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • USA46%
    Japan9.7%
    UK9%
    Germany4.4%
    Money Market3.6%
  • Financials30.2%
    Industrials13.4%
    Consumer Goods10.3%
    Others8.4%
    Technology8.4%
  • US Equities46%
    Japanese Equities9.7%
    UK Equities9%
    German Equities4.4%
    Money Market3.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.7%7.7%19.6%42.9%35.6%38.1%
Sector4.3%4.7%13.3%32.9%39.1%84.6%
Rank within sector974 / 104362 / 103684 / 1030105 / 965517 / 851735 / 752
Quartile4th1st1st1st3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund2.1%30.8%-1.5%2.9%0.8%
Sector2.8%22.4%3.7%7.8%21.4%
Rank within sector872 / 104387 / 962842 / 920738 / 848814 / 819
Quartile4th1st4th4th4th
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.
-2.25
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.
1.13
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.
0.52
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%.
12.22
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.
4.2
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.
-0.25
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.
0.89
Price movement
52 week high2.28
52 week low1.5
Current bid price2.27
Current offer price2.39
Current mid price-
Region
1USA46.01%
2Japan9.7%
3UK9.04%
4Germany4.42%
5Money Market3.64%
6Hong Kong3.3%
7Korea2.58%
8Switzerland2.36%
9Taiwan2.31%
Industry sector
1Financials30.24%
2Industrials13.41%
3Consumer Goods10.26%
4Others8.43%
5Technology8.4%
6Health Care8.07%
7Consumer Services6.29%
8Basic Materials5.18%
9Oil & Gas4.16%
Asset type
1US Equities46.01%
2Japanese Equities9.7%
3UK Equities9.04%
4German Equities4.42%
5Money Market3.64%
6Hong Kong Equities3.3%
7South Korean Equities2.58%
8Swiss Equities2.36%
9Taiwanese Equities2.31%
Individual holdings
1SOURCE FINANCIAL S&P US SECTOR11.82%
2M&G GLOBAL SELECT FUND11.51%
3M&G MACRO EPISODE FUND10%
4M&G EUROPEAN SELECT A INC GBP9.85%
5M&G JAPAN A INC GBP9.36%
6M&G NORTH AMERICAN VALUE A INC GBP9.05%
7M&G GLOBAL EMERGING MARKETS A ACC GBP8.55%
8M&G ASIAN C ACC EUR6.19%
9M&G PAN EUROPEAN DIVIDEND A ACC GBP5.42%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The fund aims to achieve long-term capital growth by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise. Up to 20% of its portfolio can also be directly invested in company shares and cash. The fund manager will use his judgement to decide on individual fund and stock weightings. Close consultation with M&G’s fund managers and analyst team is a key part of the decision-making process.
Benchmark
  • FTSE World
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
David Fishwick31/08/2015David Fishwick is Head of Macro and Equities Investment at M&G Investments and co-fund manager of the M&G Episode Macro Fund. He is also fund manager of the M&G Managed Growth Fund. Dave has more than 20 years of investment management experience, having joined Prudential Portfolio Managers (now M&G Investments) in 1987 as a European economist and subsequently being responsible for forming views on global bond and currency markets and applying them to multi-asset funds. In 1994, Dave relocated to Australia where he was appointed head of fixed interest and asset allocation strategy in 1997. During that time, he developed his ideas on market behaviour and designed the strategy, philosophy and process implemented for an overlay mandate for the Prudential Life Fund upon his return to Europe in 1999. In light of the success of this mandate, the M&G Episode Macro Fund was launched in 2010, which follows the same strategy. Dave has a BSc in economics from Brunel University, London.
Craig Moran01/11/2013Craig Moran was appointed co-manager of the M&G Prudent Allocation Fund on launch in April 2015. He has also been deputy fund manager on the M&G Managed Growth Fund since 2013 and on the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund since 2011. Craig joined M&G in 2005 as a performance and risk analyst and was later promoted as a fund managers' assistant to the Multi Asset team. In 2010, he became the team's investment analyst. Craig holds a bachelor of business degree from Queensland University of Technology and a masters in applied finance and investments from the Financial Services Institute of Australasia. He is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure AL TGSB M&G Managed Growth Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price2.272
Offer price2.391
Mid price-
CurrencyGBP
Price updated16/01/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeAF90
Data provided by

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