Fact sheet: Scot Eq UBS Targeted Rtn Pn

Fund information
Fund name
Scot Eq UBS Targeted Return Pn (ARC)
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Andreas J Koestersince 14/09/2012
Underlying fund
UBS Targeted Return
Fund objective
The underlying UBS fund aims to achieve a return above the UK Retail Price Index (RPI) by investing in a diversified portfolio of investments. It aims to return 6% above the retail price index (RPI) over a full market cycle (typically 5-7 years). It invests in a spread of equities, bonds and currencies much like any active or passive balanced portfolios, but it uses derivatives with the aim of significantly reducing risk. The fund will use derivatives in a number of ways to achieve its objectives. This means the fund could be exposed to additional risks and costs should the market move against it. There's no guarantee that either the target or positive returns will be achieved. The Scottish Equitable fund has higher charges and will therefore be less likely to meet this target.
Benchmark
  • UK Retail Prices Index
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
-3%
1 Year rank in sector
467/513
Sector
PN Specialist
Yield
-
Fund size
£2m (£3m 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.
56
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus41.4%
ReAssure AL NptRu&GtrRus Pn40.9%
L&G Nep Russia&Gtr Russia Pn40.7%
Scot Eq JPM Emg Eur Eq Pn36.6%
OMW InvescoPerpetualEmgEurpn36.5%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • Not Specified55%
    International30%
    Global Emerging Markets15.5%
    UK11%
    Europe ex UK4%
  • No data available.
  • Global Investment Grade Fixed Interest36%
    International Equities30%
    UK Equities11%
    Global High Yield Fixed Interest10%
    Global Index Linked10%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-1.3%2.3%-3%7.7%34.8%
Sector-0.8%-0.9%5.9%8.3%20.4%40.7%
Rank within sector297 / 546322 / 545349 / 531467 / 513294 / 386177 / 317
Quartile3rd3rd3rd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-1.5%0.4%6.9%13%14.2%
Sector8.3%2%7.2%11%7.7%
Rank within sector460 / 514295 / 450147 / 388124 / 35752 / 318
Quartile4th3rd2nd2nd1st
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.
-4.03
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.
1.04
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%.
7.98
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.
4.99
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.
-0.78
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.
0.6
Price movement
52 week high138.54
52 week low121.75
Current bid price-
Current offer price-
Current mid price133.95
Region
1Not Specified55%
2International30%
3Global Emerging Markets15.5%
4UK11%
5Europe ex UK4%
6Japan2%
7Others-2%
8Money Market-5.5%
9USA-10%
Industry sector
No data available.
Asset type
1Global Investment Grade Fixed Interest36%
2International Equities30%
3UK Equities11%
4Global High Yield Fixed Interest10%
5Global Index Linked10%
6Global Emerging Market Equities9%
7Global Emerging Market Fixed Interest6.5%
8Europe ex UK Equities4%
9Others4%
Individual holdings
No data available.
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
The underlying UBS fund aims to achieve a return above the UK Retail Price Index (RPI) by investing in a diversified portfolio of investments. It aims to return 6% above the retail price index (RPI) over a full market cycle (typically 5-7 years). It invests in a spread of equities, bonds and currencies much like any active or passive balanced portfolios, but it uses derivatives with the aim of significantly reducing risk. The fund will use derivatives in a number of ways to achieve its objectives. This means the fund could be exposed to additional risks and costs should the market move against it. There's no guarantee that either the target or positive returns will be achieved. The Scottish Equitable fund has higher charges and will therefore be less likely to meet this target.
Benchmark
  • UK Retail Prices Index
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Andreas J Koester14/09/2012Andreas Koester is Head of Asset Allocation & Currency in the Global Investment Solutions team. He has overall responsibility for setting strategy across the entire range of GIS asset allocation and currency capabilities, including both traditional benchmark relative and absolute return oriented mandates. Andreas also directs and conducts research and analysis in support of asset allocation strategy setting. Andreas joined UBS Global Asset Management in 2009 having previously worked at Schroder Investment Management where he was Head of US & European Multi-Asset Solutions and was also a member of their global asset allocation and alternative investment committees. Prior to joining Schroder in 2005, he worked for AXA Investment Managers and Commerzbank Asset Management in various portfolio management and asset allocation roles. He began his career in the investment banking division of Société Generale. Andreas is a DVFA (Society of Investment Professionals in Germany) Charterholder and also holds the Certified EFFAS Financial Analyst (CEFA) and Investment Management Certificate(IMC) qualifications.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq UBS Targeted Return Pn
Initial charge-
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.7%
Bid price111.0415
Offer price116.8858
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA7R4
Scot Eq UBS Targeted Return Pn (ARC)
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price133.9467
CurrencyGBX
Price updated06/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code00ML
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