Fact sheet: UBAM Convertibles Europe

Fund information
Fund name
UBAM Convertibles Europe AC EUR
Fund manager company
Union Bancaire Privee
Fund type
Offshore Fund
Fund manager
No data available.
Fund objective
The management objective is to enable the investor to benefit from the specific risk/return ratio of European convertible bonds. Convertible bonds have an asymmetric risk/return profile (all other things being equal, for a given variation in the underlying securities, upside participation is greater than downside participation). However, a convertible bond usually has a lower yield than a normal bond issued by the same issuer. UBAM Convertibles Europe aims to profit from more than 50% of European equity market rises whilst suffering the effects of less than 50% of the downward movements, all other things being equal. This specific risk/return ratio may be altered by the fluctuations in interest rates, credit spreads and implied volatility.
Benchmark
  • No Specified Index
Investment style
Active
Investment method
Convertibles
Quick stats
1 Year return
-5.7%
1 Year rank in sector
72/72
Sector
FO Convertible
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.
1.29%
Fund size
£445m (£959m 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.
54
Top in this sector
Fund name1 Year
Man Convertibles Am10.3%
CQS Global Convertible UCITS6.2%
Franklin Gl Cnvtl Secrts4.4%
Oaktree OaktreGbCnvBd4.1%
Calamos Gbl Convtl Opps3.3%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Germany24.6%
    UK16.3%
    France14.3%
    Others11.1%
    Spain6.7%
  • Industrials18.5%
    Financials14.9%
    Energy13.1%
    Consumer Staples10.8%
    Consumer Discretionary9.7%
  • German Fixed Interest24.6%
    UK Fixed Interest16.3%
    French Fixed Interest14.3%
    Global Fixed Interest11.1%
    Spanish Fixed Interest6.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%-1.9%-1.7%-5.7%2.2%33.1%
Sector0.4%-0.4%1.3%-0.6%6.7%29.8%
Rank within sector55 / 7366 / 7372 / 7372 / 7254 / 6120 / 51
Quartile4th4th4th4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund-5.4%3.3%1.9%13.9%16.9%
Sector-0.1%2.9%2.3%11.7%10.9%
Rank within sector72 / 7222 / 6744 / 6115 / 546 / 51
Quartile4th2nd3rd2nd1st
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.
-2.25
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.
1.21
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%.
7.58
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.
3.45
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.
-0.57
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.
0.82
Price movement
52 week high1750.8
52 week low1571.77
Current bid price-
Current offer price-
Current mid price1650.53
Region
1Germany24.6%
2UK16.34%
3France14.25%
4Others11.12%
5Spain6.74%
6Italy5.51%
7Sweden5.13%
8Money Market5%
9Portugal3.99%
Industry sector
1Industrials18.5%
2Financials14.9%
3Energy13.1%
4Consumer Staples10.8%
5Consumer Discretionary9.7%
6Telecommunications9.7%
7Utilities7.9%
8Materials7.3%
9Money Market5%
Asset type
1German Fixed Interest24.6%
2UK Fixed Interest16.34%
3French Fixed Interest14.25%
4Global Fixed Interest11.12%
5Spanish Fixed Interest6.74%
6Italian Fixed Interest5.51%
7Swedish Fixed Interest5.13%
8Money Market5%
9Portuguese Fixed Interest3.99%
Individual holdings
1AMERICA MOVIL SAB DE CV 0% CNV BDS 28/05/20 EUR1000005.5%
2SIEMENS FINANCIERINGSMAAT NV 1.65% BDS 16/08/19 USD2500004.2%
3INDUSTRIVAERDEN 0.0% 15.05.20193.6%
4STEINHOFF FIN H 1.3% 21.10.20233.6%
5PARPUBLICA-PARTICPACOES PUBLIC SGPS 5.25% CNV BDS 28/09/17(GALP ENERGIA SGPS3.3%
6VEOLIA ENVIRONNEMENT 0% CNV BDS 15/03/21 EUR1000 REG S2.9%
7BP CAPITAL MARKETS 1% CNV BDS 28/04/23 GBP1000002.7%
8SIEMENS FINANCIERINGSMAAT NV 1.05% BDS 16/08/17 USD2500002.6%
9SWISS LIFE HLDG AG 0% CNV BDS 02/12/20 CHF50002.5%
Management
Fund manager group
Union Bancaire Privee
Fund manager company
Union Bancaire Privee
Fund type
Offshore Fund
Fund objective
The management objective is to enable the investor to benefit from the specific risk/return ratio of European convertible bonds. Convertible bonds have an asymmetric risk/return profile (all other things being equal, for a given variation in the underlying securities, upside participation is greater than downside participation). However, a convertible bond usually has a lower yield than a normal bond issued by the same issuer. UBAM Convertibles Europe aims to profit from more than 50% of European equity market rises whilst suffering the effects of less than 50% of the downward movements, all other things being equal. This specific risk/return ratio may be altered by the fluctuations in interest rates, credit spreads and implied volatility.
Benchmark
  • No Specified Index
Investment style
Active
Investment method
Convertibles
Fund manager
No data available.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Italy, Offshore, Singapore
UBAM Convertibles Europe AC EUR
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price1650.53
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGXG9
UBAM Convertibles Europe AD EUR
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1080.52
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFBUY
UBAM Convertibles Europe AHC CHF
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price1533.42
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMWN6
UBAM Convertibles Europe AHC USD
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1774.49
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGV1T
UBAM Convertibles Europe AHD GBP
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price1380.41
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI0Q5
UBAM Convertibles Europe AHD USD
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1622.5
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGV1U
UBAM Convertibles Europe UC EUR
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price981.47
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFVMI
UBAM Convertibles Europe UHC GBP
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1158.25
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ88U
UBAM Convertibles Europe UHD GBP
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1116.38
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ5XE
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.