Fact sheet: ReAssure ThreadneedleEnhcdComPPB Pn

Fund information
Fund name
ReAssure Threadneedle Enhanced Commodities PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Nicolas Robinsince 29/06/2010
  • David Donorasince 29/06/2010
Underlying fund
Threadneedle (L)EhcdComPfl
Fund objective
The Enhanced Commodities Portfolio seeks to achieve capital appreciation which is directly and indirectly linked to commodity markets. The Portfolio will invest in financial derivative instruments whose underlying instruments are commodity indices or sub-indices composed of futures contracts on physical commodities. The Portfolio may also invest in exchange traded funds and/or exchange traded commodities/securitised notes, certificates, Investment Grade government securities, Money Market Instruments, cash, equities and/or other debt securities. The Portfolio may use financial derivative instruments for principal investment, hedging and efficient portfolio management.
Benchmark
  • Bloomberg Commodity
Investment style
None
Investment method
None
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Commodity & Energy
Yield
-
Fund size
£0m
Bid price
1.033
Offer price
1.087
Top in this sector
Fund name1 Year
FL MyM JPM Natural Res Pn59.5%
LV= JPM Natural Resources Pn58.7%
FL JPM Natural Res AP57.8%
Scot Eq JPM Natrl Resrcs Pn56.8%
HLL JPM Natural Res Pn56.7%
...more in PN Commodity & Energy

Performance snapshot

Holdings snapshot

  • No data available.
  • Others27.3%
    Oil & Gas25.4%
    Other Metals14.6%
    Soft Commodities13.4%
    Gold10.4%
  • Commodity & Energy99.6%
    Money Market0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.3%-2.6%-1.4%---
Sector-4.3%4.7%3.7%39.2%13%-22.2%
Rank within sector10 / 6653 / 6643 / 66---
Quartile1st4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund-4.1%----
Sector0.8%70.6%-24.9%-8.9%-25%
Rank within sector53 / 66----
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.
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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.
-
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 high1.12
52 week low1
Current bid price1.03
Current offer price1.09
Current mid price-
Region
No data available.
Industry sector
1Others27.3%
2Oil & Gas25.4%
3Other Metals14.6%
4Soft Commodities13.4%
5Gold10.4%
6Precious Metals & Stones4.5%
7Fishery, Agriculture & Forestry4%
8Money Market0.4%
Asset type
1Commodity & Energy99.6%
2Money Market0.4%
Individual holdings
No data available.
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The Enhanced Commodities Portfolio seeks to achieve capital appreciation which is directly and indirectly linked to commodity markets. The Portfolio will invest in financial derivative instruments whose underlying instruments are commodity indices or sub-indices composed of futures contracts on physical commodities. The Portfolio may also invest in exchange traded funds and/or exchange traded commodities/securitised notes, certificates, Investment Grade government securities, Money Market Instruments, cash, equities and/or other debt securities. The Portfolio may use financial derivative instruments for principal investment, hedging and efficient portfolio management.
Benchmark
  • Bloomberg Commodity
Investment style
None
Investment method
None
Fund managers
NameSinceBiography
Nicolas Robin29/06/2010Nicolas Robin joined the company in 2010 and is the Co-Lead Manager of the Threadneedle (Lux) Enhanced Commodities fund and Columbia Commodity Strategy Fund. Nicolas brings both hedge fund and commodity index trading experience to the team. He started his career at Barep Asset Management (SG Group) in 2002, helping to set up a Commodity Arbitrage hedge fund desk. By 2005 he was Lead Manager and assets rose to $200 million. The strategy was focused on relative value strategies in commodities and aimed to take advantage of short-term dislocations in commodity forward curves.In 2006, Nicolas joined JPMorgan Chase to run the bank’s commodity index trading book. During his tenure, index assets under management trebled making JPMorgan Chase a leading index dealer. In his time at JPMorgan Chase, Nicolas was responsible overhauling the bank’s commodity index trading platform and driving the bank’s effort into fully customisable commodity index solutions. He participated in the creation of the JPMorgan Commodity Curve Index (JPMCCI), the bank’s foray into second generation commodity indices launched in 2007. He also contributed to the development of the bank’s commodity customised indices and algorithmic strategies, looking at both momentum and curve based strategies. Alongside his commodity index trading responsibilities, Nicolas also ran a proprietary trading book across commodities, using both relative value and directional strategies with an emphasis on the energy complex. Nicolas holds a BSc in Government and Economics and a MSc in Political Theory from the London School of Economics
David Donora29/06/2010David Donora joined the company in 2008 as a portfolio manager specialising in Commodities. In addition to managing the commodity portfolios, his responsibilities include establishing and managing Columbia Threadneedle’s capabilities in this asset class and developing a suitable product range to complement the company’s equity, bond and property offerings. David has over 30 years’ trading and investing experience encompassing commodity, macro and derivative-based portfolios. He began his career at Marine Midland Bank in New York in 1982 where he held positions of VP – Commodity Finance, focusing on base and precious metals before transitioning to trading where he was latterly trading FX options, and finally Head of FX Options for London and New York. David then moved to UBS NY in 1988 to head its FX and Precious Metals OTC derivatives desk, before transferring to London to take a lead role in trading and developing UBS London’s OTC derivative businesses in precious metals and FX. In 1994 David joined CIBC to establish the London leg of a global volatility proprietary trading business, and after a successful period of discretionary trading was made Managing Director and Global Head of FX Derivatives in 1998. In 1999 he created and managed a successful commodity-based proprietary trading and derivative structuring business while Head of OTC Derivatives at Refco Overseas. The business created bespoke commodity OTCs, incorporating first and second generation exotics as the building blocks, and managed its risk on a proprietary trading basis. The primary focus was agriculture and soft commodities working with producers and consumers of commodities.David graduated from the University of Notre Dame with a BA in Finance.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure Threadneedle Enhanced Commodities 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 price1.033
Offer price1.087
Mid price-
CurrencyGBP
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LU
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