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
  • Paul Causersince 25/01/2012
  • Julien Eberhardtsince 31/03/2014
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
13.5%
1 Year rank in sector
276/531
Sector
PN Specialist
Yield
-
Fund size
£0m
Bid price
1.178
Offer price
1.24
Top in this sector
Fund name1 Year
Scot Eq Technology Pn57.9%
SIP Fidelity Gbl Technology Pn56.4%
FL AXA Framlington Gbl Tech AP54.9%
Zurich AXAFramGblTechPn53.9%
OMW AXA Framlington Gbl Tech53.7%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • UK39.1%
    Money Market11.7%
    Germany9.7%
    Italy9.5%
    Netherlands6.9%
  • Banks54.5%
    Equities17.3%
    Insurance15.8%
    Money Market11.7%
    Financials0.9%
  • Global Corporate Fixed Interest57.5%
    International Equities17.3%
    Global Fixed Interest13.6%
    Money Market11.7%
    Alternative Investment Strategies-0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.6%6.1%13.1%13.5%--
Sector1.3%1.9%6.3%15.2%25.7%50.1%
Rank within sector24 / 55415 / 55425 / 549276 / 531--
Quartile1st1st1st3rd
Calendar performance
 YTD - 20172016201520142013
Fund8.8%----
Sector4%11.6%2%7.2%11%
Rank within sector32 / 550----
Quartile1st
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 high1.18
52 week low0.94
Current bid price1.18
Current offer price1.24
Current mid price-
Region
1UK39.12%
2Money Market11.69%
3Germany9.73%
4Italy9.49%
5Netherlands6.91%
6Switzerland6.16%
7Greece5.18%
8Spain3.27%
9France2.99%
Industry sector
1Banks54.46%
2Equities17.27%
3Insurance15.77%
4Money Market11.69%
5Financials0.88%
6Derivatives-0.07%
Asset type
1Global Corporate Fixed Interest57.5%
2International Equities17.27%
3Global Fixed Interest13.61%
4Money Market11.69%
5Alternative Investment Strategies-0.07%
Individual holdings
1LLOYDS BANKING GROUP PLC 7.875% UNDATED NTS GBP2000002.6%
2PIRAEUS BANK S.A.1.96%
3DEUTSCHE BANK AG 7.125% BDS 30/04/49 GBP1000001.89%
4DEUTSCHE PFANDBRIEFBANK AG1.84%
5VIRGIN MONEY PLC 7.875% UNDATED BDS GBP2000001.84%
6ROYAL BANK OF SCOTLAND GROUP PLC 8% UNDATED BDS USD2000001.81%
7UNICREDIT SPA VAR UNDATED NTS USD2000001.79%
8NATIONAL BANK OF GREECE1.76%
9AGEAS1.75%
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
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.
Julien Eberhardt31/03/2014Based 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.
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 price1.178
Offer price1.24
Mid price-
CurrencyGBP
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6KW
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