Fact sheet: Scot Eq M&G Recovery Pn

Fund information
Fund name
Scot Eq M&G Recovery Pn (ARC)
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Michael Stiasnysince 25/01/2011
  • Tom Dobellsince 31/03/2000
  • David Williamssince 25/01/2011
Underlying fund
M&G Recovery
Fund objective
The fund’s sole aim is capital growth by investing mainly in a diversified range of securities issued by companies which are out of favour, in difficulty or whose future prospects aren’t fully recognised by the market. There’s no particular income yield target.
Benchmark
  • FTSE All Share TR
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
26.5%
1 Year rank in sector
28/857
Sector
PN UK All Companies
Yield
-
Fund size
£27m (£26m 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.
101
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn36%
FL Old Mutual UK Mid Cap Pn34%
OMW Old Mutual UK Dynamic Equity33.9%
OMW Old Mutual Equity 133.7%
SIP Old Mut UK Mcap Pn33.4%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK72.6%
    North America7.6%
    Asia Pacific ex Japan5.9%
    International5.9%
    Europe5.6%
  • Industrials21.1%
    Financials20.9%
    Consumer Services15%
    Oil & Gas13.9%
    Health Care12%
  • UK Large Cap Companies33.9%
    UK Small Cap Companies22.2%
    UK Mid Cap Companies16.6%
    North American Equities7.6%
    Asia Pacific ex Japan Equities5.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.3%2.8%11.8%26.5%10.7%28.7%
Sector1.6%4.9%8.7%17.7%22%61.4%
Rank within sector231 / 879771 / 877145 / 87228 / 857770 / 817748 / 772
Quartile2nd4th1st1st4th4th
Calendar performance
 YTD - 20172016201520142013
Fund5.1%20.7%-4.5%-8.9%15%
Sector5.4%10.2%4.4%0.6%24.2%
Rank within sector402 / 87422 / 850804 / 837800 / 812772 / 793
Quartile2nd1st4th4th4th
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.
-3.25
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.
1.01
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
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%.
10.99
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.
5.55
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.
-0.6
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.
0.74
Price movement
52 week high145.55
52 week low107.41
Current bid price-
Current offer price-
Current mid price144.48
Region
1UK72.61%
2North America7.58%
3Asia Pacific ex Japan5.94%
4International5.87%
5Europe5.57%
6Global Emerging Markets1.22%
7Money Market1.21%
Industry sector
1Industrials21.09%
2Financials20.87%
3Consumer Services15.03%
4Oil & Gas13.9%
5Health Care11.99%
6Basic Materials9.15%
7Technology3.25%
8Consumer Goods2.15%
9Utilities1.25%
Asset type
1UK Large Cap Companies33.86%
2UK Small Cap Companies22.19%
3UK Mid Cap Companies16.56%
4North American Equities7.58%
5Asia Pacific ex Japan Equities5.94%
6International Equities5.8%
7European Mid Cap Equity3.99%
8European Small Cap Equity1.58%
9Global Emerging Market Equities1.22%
Individual holdings
1BP7.52%
2HSBC HLDGS7.27%
3GW PHARMACEUTICALS5.7%
4LLOYDS BANKING GROUP PLC3.49%
5PRUDENTIAL PLC3.22%
6AVIVA2.99%
7CRH2.98%
8IWG PLC2.72%
9FIRST QUANTUM MINERALS2.61%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
The fund’s sole aim is capital growth by investing mainly in a diversified range of securities issued by companies which are out of favour, in difficulty or whose future prospects aren’t fully recognised by the market. There’s no particular income yield target.
Benchmark
  • FTSE All Share TR
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Michael Stiasny25/01/2011Michael Stiasny joined in 1998 as an equity analyst, becoming head of the pan-European equity research team in January 2005. He was appointed deputy fund manager of the M&G Recovery Fund in January 2011. Michael graduated in philosophy, politics and economics from Oxford University. He is also a CFA charterholder.
Tom Dobell31/03/2000Tom Dobell joined M&G in 1992 as a UK equity manager on the segregated pension fund desk where he was responsible for managing assets for 16 pension fund clients. In March 2000, Tom became fund manager of the M&G Recovery Fund. Before joining M&G, he worked for Phillips & Drew (PDFM) as a fund manager within the charity and small pension fund division. Tom graduated from agricultural college in 1986.
David Williams25/01/2011David Williams is fund manager of the M&G Global Recovery Fund and deputy fund manager of the M&G Recovery Fund. He joined M&G in January 2004, having graduated from the University of Nottingham with a degree in economics. David worked closely with Tom Dobell as a fund managers' assistant for three years prior to becoming deputy fund manager of the M&G Recovery Fund in September 2008. He is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq M&G Recovery Pn
Initial charge-
Annual charge1.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.9%
Bid price140.141
Offer price147.5168
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIHQ1
Scot Eq M&G Recovery Pn (ARC)
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price144.477
CurrencyGBX
Price updated27/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code00LZ
Data provided by

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