Fact sheet: ReAssure M&G Global Mac Bd PPB Pn

Fund information
Fund name
ReAssure M&G Global Macro Bond PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Claudia Calichsince 01/07/2015
  • Jim Leavisssince 15/10/1999
Underlying fund
M&G Global Macro Bond
Fund objective
The Fund’s objective is to maximise long term total return (the combination of income and growth of capital). The Fund invests mainly in debt instruments on a global basis which include, but are not limited to, variable rate securities, fixed interest securities, sovereign debt and corporate debt. The Fund’s exposure to debt instruments may be gained through the use of derivatives. The Fund may also invest in other assets including collective investment schemes, money market instruments, cash and near cash, deposits, other transferable securities and derivatives.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
13.9%
1 Year rank in sector
21/135
Sector
PN Global Fixed Interest
Yield
-
Fund size
£0m
Bid price
1.104
Offer price
1.162
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn28.2%
Scot Eq AegonIntcEgMtsLclCrDtPn26.8%
Zurich L&G PreRtrmnt Infln Lkd19.1%
FL GM Overseas Bond Pension18.7%
OMW IPL 2035 Idx Lkd Gilt Pn18.5%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA50.9%
    UK9.2%
    Germany6.8%
    Money Market3.8%
    Brazil3.5%
  • Government Bonds59.2%
    Banks15.7%
    Money Market11.2%
    Asset/Mortgage-Backed Securities4.6%
    Government Agency Bonds3.3%
  • US Fixed Interest50.9%
    UK Fixed Interest9.2%
    German Fixed Interest6.8%
    Money Market3.8%
    Brazilian Fixed Interest3.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%-2.2%-1%13.9%--
Sector0.2%0.7%2%9.6%19.5%20%
Rank within sector127 / 142141 / 141113 / 14021 / 135--
Quartile4th4th4th1st
Calendar performance
 YTD - 20172016201520142013
Fund-2.7%----
Sector0.8%14.1%-0.3%6.1%-3.6%
Rank within sector138 / 140----
Quartile4th
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 high1.16
52 week low0.95
Current bid price1.1
Current offer price1.16
Current mid price-
Region
1USA50.91%
2UK9.23%
3Germany6.82%
4Money Market3.84%
5Brazil3.52%
6Mexico3.24%
7Sweden2.83%
8France2.43%
9Switzerland1.81%
Industry sector
1Government Bonds59.23%
2Banks15.67%
3Money Market11.24%
4Asset/Mortgage-Backed Securities4.61%
5Government Agency Bonds3.32%
6Health Care2.08%
7Automotive1.62%
8Energy1.57%
9Telecommunications1.57%
Asset type
1US Fixed Interest50.91%
2UK Fixed Interest9.23%
3German Fixed Interest6.82%
4Money Market3.84%
5Brazilian Fixed Interest3.52%
6Mexican Fixed Interest3.24%
7Swedish Fixed Interest2.83%
8French Fixed Interest2.43%
9Swiss Fixed Interest1.81%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES FRN 30/04/18 USD1009.19%
2GERMANY(FEDERAL REPUBLIC OF) 0.5% BDS 15/02/25 EUR0.016.32%
3UNITED STATES OF AMER TREAS NOTES 0.625% NTS 15/01/24 USD10006.15%
4UNITED STATES OF AMER TREAS NOTES 0.75% BDS 28/02/18 USD1005.94%
5UNITED STATES OF AMER TREAS NOTES FRN 31/01/19 USD1004.59%
6UNITED STATES OF AMER TREAS BILLS BDS 15/04/21 USD1004.18%
7UNITED STATES OF AMER TREAS NOTES 0.625% BDS 30/09/17 USD10003.61%
8SWEDEN(KINGDOM OF) 2.25% BDS 01/06/32 SEK50002.83%
9BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10002.73%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The Fund’s objective is to maximise long term total return (the combination of income and growth of capital). The Fund invests mainly in debt instruments on a global basis which include, but are not limited to, variable rate securities, fixed interest securities, sovereign debt and corporate debt. The Fund’s exposure to debt instruments may be gained through the use of derivatives. The Fund may also invest in other assets including collective investment schemes, money market instruments, cash and near cash, deposits, other transferable securities and derivatives.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Claudia Calich01/07/2015Claudia Calich joined M&G in October 2013 as a specialist in emerging markets debt and was appointed fund manager of the M&G Emerging Markets Bond Fund in December 2013. She was also appointed fund manager of the M&G Global Government Bond Fund and deputy fund manager of the M&G Global Macro Bond Fund in July 2015. Claudia has over 20 years of experience in emerging markets, most recently as a senior portfolio manager at Invesco in New York, with previous positions at Oppenheimer Funds, Fuji Bank, Standard & Poor’s and Reuters. Claudia graduated with a BA honours in economics from Susquehanna University in 1989 and holds an MA in international economics from the International University of Japan in Niigata
Jim Leaviss15/10/1999Jim Leaviss is Head of Retail Fixed Interest for M&G’s mutual fund range. He joined M&G in 1997 after five years at the Bank of England. As well as heading up the team, Jim is the fund manager of the M&G Global Macro Bond Fund and the M&G European Inflation Linked Corporate Bond Fund. He is also deputy manager of the M&G Gilt & Fixed Interest Income Fund, the M&G Index-Linked Bond Fund and the M&G UK Inflation Linked Corporate Bond Fund.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure M&G Global Macro Bond 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 price1.104
Offer price1.162
Mid price-
CurrencyGBP
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LH
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