Fact sheet: Ruffer Investment Company

Fund information
Fund name
Ruffer Investment Company
Fund manager company
Ruffer LLP
Fund type
Investment Trust
Fund managers
  • Steve Russellsince 01/07/2004
  • Hamish Bailliesince 01/10/2011
  • Duncan MacInnessince 01/09/2016
Fund objective
The principal objective of the Company is to achieve a positive total annual return, after all expenses, of at least twice the Bank of England Bank Rate by investing predominantly in internationally listed or quoted equities or equity related securities (including convertibles) or bonds which are issued by corporate issuers, supranationals or government organisations.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
19.3%
1 Year rank in sector
10/15
Sector
IT Flexible Investment
Yield
1.1%
Fund size
£378m
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.
73
Mid price
235.75
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
230.79
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+2.15
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
UIL63.1%
New Star IT PLC50.5%
Miton Gbl Opps PLC48.8%
JZ Cap Partners46%
Est Inv Trust38.4%
...more in IT Flexible Investment

Performance snapshot

Holdings snapshot

  • Not Specified50%
    Japan17%
    Money Market9%
    UK9%
    North America7%
  • No data available.
  • Global Index Linked39%
    Japanese Equities17%
    Money Market9%
    UK Equities9%
    North American Equities7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%0.6%2.9%19.3%17%24.4%
Sector1.4%5.5%9.1%21.7%27.3%36.4%
Rank within sector13 / 1614 / 1612 / 1610 / 1513 / 1410 / 13
Quartile4th4th3rd3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.9%12.9%-0.8%4.3%7.3%
Sector5.3%14.5%3.3%3.9%5.7%
Rank within sector14 / 1612 / 1511 / 146 / 148 / 14
Quartile4th4th4th2nd3rd
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.
-0.64
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.
0.79
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.
0.22
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%.
7.88
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.
6.97
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.
-0.35
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.
0.22
Price movement
52 week high239.25
52 week low193.75
Current bid price235.75
Current offer price237.25
Current mid price235.75
Region
1Not Specified50%
2Japan17%
3Money Market9%
4UK9%
5North America7%
6Europe4%
7Asia Pacific ex Japan2%
8Others2%
Industry sector
No data available.
Asset type
1Global Index Linked39%
2Japanese Equities17%
3Money Market9%
4UK Equities9%
5North American Equities7%
6Alternative Investment Strategies4%
7Commodity & Energy4%
8European Equities4%
9Asia Pacific ex Japan Equities2%
Individual holdings
1TREASURY 1.875% IDX LKD GILT 22/11/22 GBP6.5%
2TREASURY 0.375% IDX-LKD GILT 22/03/62 GBP5.8%
3TREASURY 0.125% GILT 22/03/68 GBP0.015.2%
4US TREASURY 0.625% TIPS 20214.7%
5US TREASURY 0.125% TIPS 20234%
6T&D HOLDINGS INC3%
7LLOYDS BANKING GROUP PLC2.2%
8MITSUBISHI UFJ FINANCIAL GROUP1.6%
9BOEING CO 0.95% BDS 15/05/18 USD10001.4%
Management
Fund manager group
Ruffer
Fund manager company
Ruffer LLP
Fund type
Investment Trust
Fund objective
The principal objective of the Company is to achieve a positive total annual return, after all expenses, of at least twice the Bank of England Bank Rate by investing predominantly in internationally listed or quoted equities or equity related securities (including convertibles) or bonds which are issued by corporate issuers, supranationals or government organisations.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Steve Russell01/07/2004Graduated from Oxford in PPE and started work as an equity analyst at Confederation Life in 1987, progressing to Head of Equities. In 1999 he moved to HSBC Investment Bank as Head of UK and European Equity Strategy, before joining Ruffer in 2003. He is also co-manager of the CF Ruffer Total Return Fund.
Hamish Baillie01/10/2011A graduate of Trinity College Dublin, he joined the Ruffer Group in 2002. Founded and manages the Edinburgh office of Ruffer LLP and is a director of Ruffer (Channel Islands) Limited. He is a member of the Chartered Institute for Securities & Investment.
Duncan MacInnes01/09/2016Joined Ruffer in 2012. He graduated from Glasgow University School of Law in 2007 and spent four years working at Barclays Wealth and Barclays Capital in Glasgow, London and Singapore. Duncan is a CFA charterholder.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
Ruffer Investment Company
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price230.79
CurrencyGBX
Price updated24/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNKEZ
Data provided by

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