Fact sheet: SSgA Europe Mgd Volat Eq

Fund information
Fund name
SSgA Europe Managed Volatility Equity I EUR
Fund manager company
State Street Gbl Advisors LUX
Fund type
Offshore Fund
Fund managers
  • State Street Global Advisors France SAsince 31/05/2011
  • Selim Dekalisince 03/03/2010
Fund objective
The Sub-fund seeks to provide competitive returns and maintain low volatility, in each case compared to the MSCI Europe Index (Net)(the Index ) over the long term, by constructing a portfolio of stocks with low expected volatility relative to the Index
Benchmark
  • MSCI Europe
Investment style
Passive/Tracking
Investment method
Physical – Sampled/Optimised, Shares
Quick stats
1 Year return
7.6%
1 Year rank in sector
42/224
Sector
FO Equity - Europe inc UK
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.45%
Fund size
£204m (£105m last year)
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.
87
Top in this sector
Fund name1 Year
Mirabaud Eqts PanEur SmllMid35.6%
IVI European32.7%
Schroder ISF Eur SpclSits31.1%
JOHCM European Sel Val31%
GS Eur CORE Eq Portfolio28.3%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK27.1%
    France17.5%
    Switzerland17.3%
    Germany17.1%
    Spain6.7%
  • Consumer Staples22.2%
    Industrials17.8%
    Health Care11.3%
    Financials10%
    Utilities9.4%
  • UK Equities27.1%
    French Equities17.5%
    Swiss Equities17.3%
    German Equities17.1%
    Spanish Equities6.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%2.7%2.2%7.6%37.8%89.3%
Sector0.2%7%3.5%1.8%17.3%67.6%
Rank within sector200 / 233219 / 234146 / 23142 / 22416 / 20041 / 176
Quartile4th4th3rd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund-1.6%18.8%10.8%19.9%14.9%
Sector-3.9%11.1%4.2%21.1%17.6%
Rank within sector68 / 22928 / 21523 / 202124 / 190154 / 180
Quartile2nd1st1st3rd4th
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.
6.97
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.
0.76
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.
0.84
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%.
10.64
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.
5.96
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.
0.89
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.
0.78
Price movement
52 week high20.52
52 week low17.45
Current bid price-
Current offer price-
Current mid price19.59
Region
1UK27.06%
2France17.53%
3Switzerland17.31%
4Germany17.1%
5Spain6.73%
6Belgium4.83%
7Denmark4.18%
8Netherlands2.08%
9Sweden1.29%
Industry sector
1Consumer Staples22.2%
2Industrials17.75%
3Health Care11.34%
4Financials10.03%
5Utilities9.35%
6Materials7.88%
7Telecommunications7.01%
8Consumer Discretionary6.77%
9Information Technology5.82%
Asset type
1UK Equities27.06%
2French Equities17.53%
3Swiss Equities17.31%
4German Equities17.1%
5Spanish Equities6.73%
6Belgian Equities4.83%
7Danish Equities4.18%
8Dutch Equities2.08%
9Swedish Equities1.29%
Individual holdings
1DASSAULT SYSTEMES SA2.64%
2BARRY CALLEBAUT AG2.59%
3SAGE GROUP2.59%
4WILLIAM DEMANT HOLDING2.46%
5COLRUYT SA2.38%
6QIAGEN NV2.35%
7SWISS PRIME SITE2.33%
8SODEXHO2.28%
9SONOVA HLDGS AG2.19%
Management
Fund manager group
State Street
Fund manager company
State Street Gbl Advisors LUX
Fund type
Offshore Fund
Fund objective
The Sub-fund seeks to provide competitive returns and maintain low volatility, in each case compared to the MSCI Europe Index (Net)(the Index ) over the long term, by constructing a portfolio of stocks with low expected volatility relative to the Index
Benchmark
  • MSCI Europe
Investment style
Passive/Tracking
Investment method
Physical – Sampled/Optimised, Shares
Fund managers
NameSinceBiography
State Street Global Advisors France SA31/05/2011
Selim Dekali03/03/2010Selim Dekali is a Senior Portfolio Manager in the Index Equity team in Paris and manages the SSGA Europe Managed Volatility Equity Fund. Before joining in 2007, Selim worked at ODDO AM’s Fixed-Income department. Selim graduated from the INT business school specialising in Finance. He has a Master’s in Finance and holds the CFA designation.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Offshore, Sweden
SSgA Europe Managed Volatility Equity I EUR
Initial charge3%
Annual charge0.35%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price19.5942
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIF8
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.