Fact sheet: Stan Life Gbl AbsRtn Strt Pn

Fund information
Fund name
Stan Life Global Absolute Return Strategies Pn SB
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund manager
  • Multi Asset Investing Teamsince 01/06/2006
Underlying fund
Stan Life Inv GlAbsRtStr
Fund objective
The Standard Life Investments Global Absolute Return Strategies Fund aims to provide positive investment returns in all market conditions over the medium to long term. The fund is actively managed, with a wide investment remit to target a level of return over rolling three-year periods equivalent to cash plus five percent a year, gross of fees. It exploits market inefficiencies through active allocation to a diverse range of market positions. The fund uses a combination of traditional assets (such as equities and bonds) and investment strategies based on advanced derivative techniques, resulting in a highly diversified portfolio. The fund can take long and short positions in markets, securities and groups of securities through derivative contracts.
Benchmark
  • 6 Month GBP LIBOR
Investment style
Absolute Return,Flexible
Investment method
None
Quick stats
1 Year return
-4.9%
1 Year rank in sector
481/510
Sector
PN Specialist
Yield
-
Fund size
£9,033m
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.
31
Top in this sector
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SIP Fidelity Gbl Technology Pn34.2%
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...more in PN Specialist

Performance snapshot

Holdings snapshot

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-1.1%-2.6%-4.9%5.8%22.5%
Sector-1.8%-0.3%7.2%8.4%19.9%43%
Rank within sector192 / 546348 / 544497 / 531481 / 510--
Quartile2nd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-4.1%3.3%5.7%--
Sector8.9%2%7.2%11%7.7%
Rank within sector481 / 514107 / 450200 / 388--
Quartile4th1st3rd
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.
0.1
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.
0.39
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%.
4.24
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.
4.96
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.
-0.77
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.
0.3
Price movement
52 week high111.4
52 week low104.1
Current bid price-
Current offer price-
Current mid price105.8
Region
No data available.
Industry sector
1Hedge100%
Asset type
1Hedge100%
Individual holdings
No data available.
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
The Standard Life Investments Global Absolute Return Strategies Fund aims to provide positive investment returns in all market conditions over the medium to long term. The fund is actively managed, with a wide investment remit to target a level of return over rolling three-year periods equivalent to cash plus five percent a year, gross of fees. It exploits market inefficiencies through active allocation to a diverse range of market positions. The fund uses a combination of traditional assets (such as equities and bonds) and investment strategies based on advanced derivative techniques, resulting in a highly diversified portfolio. The fund can take long and short positions in markets, securities and groups of securities through derivative contracts.
Benchmark
  • 6 Month GBP LIBOR
Investment style
Absolute Return,Flexible
Investment method
None
Fund manager
NameSinceBiography
Multi Asset Investing Team01/06/2006The Multi-Asset Investing (MAI) Team, is headed by Guy Stern and is responsible for a total of £158.5 bn from an asset allocation perspective as at 30 June 2016. We have considerable resource committed to the GARS product. This large and experienced team consists of three critical skill sets that are principally directed towards managing GARS, supported by a dedicated team of twelve Multi-Asset Investment Specialists.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life Global Absolute Return Strategies Pn 9
Initial charge4%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price136.1779
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHSY9
Stan Life Global Absolute Return Strategies Pn S2
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price181.0412
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIHC8
Stan Life Global Absolute Return Strategies Pn S5
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.02%
Bid price-
Offer price-
Mid price194.5122
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeE454
Stan Life Global Absolute Return Strategies Pn SB
Initial charge-
Annual charge0.6%
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 price105.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJWTT
Data provided by

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