Fact sheet: ReAssure InvescoPerplGlbFinCapPPBPn

Fund information
Fund name
ReAssure Invesco Perpetual Glob Financ Cap PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Julien Eberhardtsince 30/03/2014
  • Paul Readsince 25/01/2012
  • Paul Causersince 25/01/2012
Underlying fund
Invesco Perpetual Gbl FinCap
Fund objective
The Fund aims to deliver an attractive total return, over the medium to long term. The Fund seeks to achieve its objective by investing primarily in capital instruments issued by banks and financial institutions globally. Capital instruments include debt securities (including sub-investment grade and unrated bonds), Eq and Eq related securities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes, government debt securities and other transferable securities.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Specialist
Yield
-
Fund size
£0m
Bid price
1.049
Offer price
1.104
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus43.4%
ReAssure AL NptRu&GtrRus Pn42.9%
L&G Nep Russia&Gtr Russia Pn42.6%
Scot Eq JPM Emg Eur Eq Pn40.7%
OMW InvescoPerpetualEmgEurpn38.9%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • UK41.4%
    Germany12.6%
    Italy8.7%
    Switzerland8.3%
    Spain6.5%
  • Banks55.1%
    Equities30.2%
    Insurance15%
    Financials0.3%
    Derivatives-0.1%
  • Global Corporate Fixed Interest55.9%
    International Equities30.2%
    Global Fixed Interest14.5%
    Alternative Investment Strategies-0.1%
    Money Market-0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4%3.1%2.1%---
Sector-0.2%-0.6%6.2%8.8%20.9%41.2%
Rank within sector17 / 54633 / 545356 / 531---
Quartile1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector8.7%2%7.2%11%7.7%
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.
-
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 high1.05
52 week low0.94
Current bid price1.05
Current offer price1.1
Current mid price-
Region
1UK41.44%
2Germany12.62%
3Italy8.74%
4Switzerland8.27%
5Spain6.47%
6Netherlands6.31%
7France5.36%
8Greece5.29%
9USA2.9%
Industry sector
1Banks55.14%
2Equities30.21%
3Insurance15.02%
4Financials0.32%
5Derivatives-0.12%
6Money Market-0.57%
Asset type
1Global Corporate Fixed Interest55.94%
2International Equities30.21%
3Global Fixed Interest14.54%
4Alternative Investment Strategies-0.12%
5Money Market-0.57%
Individual holdings
1LLOYDS BANKING GROUP PLC 7.875% UNDATED NTS GBP2000003.05%
2UBS GROUP AG 7% UNDATED BDS USD2000002.75%
3VIRGIN MONEY PLC 7.875% UNDATED BDS GBP2000002.29%
4BARCLAYS PLC2.24%
5DEUTSCHE BANK AG 7.125% BDS 30/04/49 GBP1000002.24%
6UNICREDIT SPA2.09%
7UNICREDIT SPA VAR UNDATED NTS USD2000002.07%
8INTESA SANPAOLO SPA2.06%
9ALPHA BANK AE2.01%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The Fund aims to deliver an attractive total return, over the medium to long term. The Fund seeks to achieve its objective by investing primarily in capital instruments issued by banks and financial institutions globally. Capital instruments include debt securities (including sub-investment grade and unrated bonds), Eq and Eq related securities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes, government debt securities and other transferable securities.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Julien Eberhardt30/03/2014Based in Henley-on-Thames, Julien is responsible for managing the global bank and financial capital portfolios. Julien began his investment career in 2005 at Moody's as an analyst specialising in high yield and investment grade corporate issuers in the EMEA region. He joined our company in 2008 as a fixed interest credit analyst specialising in financials before taking on the additional responsibility of deputy fund manager for financial capital portfolios managed by the Fixed Interest team in March 2014. He is a graduate of École Supérieure de Commerce de Montpellier (France) and holds Masters degree in Finance from the University of Montpellier (France). He is also a CFA charter holder.
Paul Read25/01/2012Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Causer, managing a number of government, corporate and non- investment grade portfolios across the maturity spectrum. Paul began his investment career with UBS (Securities) Ltd in 1986, and then moved to Merrill Lynch International in 1988. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill Lynch, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993 before joining our company in 1995. He holds a BA in Economics and History from the University of Toronto and also has an MBA from INSEAD.
Paul Causer25/01/2012Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining our company in 1994. Paul holds a BSc in Economics from the London School of Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure Invesco Perpetual Glob Financ Cap PPB Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1.049
Offer price1.104
Mid price-
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6KW
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