Fact sheet: VIA Absolute Ret

Fund information
Fund name
VIA Absolute Return Private EUR
Fund manager company
Veritas Investment Associates
Fund type
Offshore Fund
Fund manager
  • Veritas Investment Associatessince 03/03/2016
Fund objective
The Fund aims to outperform the benchmark (the rolling three (3) month Euribor rate) by selecting specific investment strategies, after identifying different sources of return available from market opportunities or inefficiencies. The selection is balanced across different asset classes. Strategies may include:Equity long/short (different regions), Equity market neutral (different regions), Equity Risk Arbitrage (for US or Europe), Currency carry trade (on G20 countries), CTA (multi asset long/short index futures), Rates slope carry, Commodities slope carry, Hidden assets slope carry (such as equity volatility).These strategies are mainly implemented via the use of total return swaps.
Benchmark
  • 3 Months Euribor Rate
Investment style
Absolute Return,Multi Strategy
Investment method
Mixed
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Hedge/Stru Prod - Mixed
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.
1.86%
Fund size
£87m
Top in this sector
Fund name1 Year
LFIS VisionPremiaOpps18.7%
Castellain Value17.6%
Avia Altus14.6%
Garraway Garr FT11.1%
Nordea 1 Alpha 1510.6%
...more in FO Hedge/Stru Prod - Mixed

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%-1.6%-0.4%---
Sector-0.5%-1.2%-0.2%-2.1%3.2%6.9%
Rank within sector20 / 11689 / 14073 / 137---
Quartile1st3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector-1.3%-0.6%5.1%1.4%1.9%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1006.18
52 week low961.98
Current bid price-
Current offer price-
Current mid price980.16
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Veritas Investment Associates
Fund type
Offshore Fund
Fund objective
The Fund aims to outperform the benchmark (the rolling three (3) month Euribor rate) by selecting specific investment strategies, after identifying different sources of return available from market opportunities or inefficiencies. The selection is balanced across different asset classes. Strategies may include:Equity long/short (different regions), Equity market neutral (different regions), Equity Risk Arbitrage (for US or Europe), Currency carry trade (on G20 countries), CTA (multi asset long/short index futures), Rates slope carry, Commodities slope carry, Hidden assets slope carry (such as equity volatility).These strategies are mainly implemented via the use of total return swaps.
Benchmark
  • 3 Months Euribor Rate
Investment style
Absolute Return,Multi Strategy
Investment method
Mixed
Fund manager
NameSinceBiography
Veritas Investment Associates03/03/2016
Compliance
Transparent for Austrian Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
VIA Absolute Return Institutional CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price976.85
CurrencyCHF
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNG4Q
VIA Absolute Return Institutional EUR
Initial charge0.5%
Annual charge0.92%
Min single investment£200,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price985.03
CurrencyEUR
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAIM
VIA Absolute Return Institutional USD
Initial charge0.5%
Annual charge0.92%
Min single investment£200,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price993.62
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAIN
VIA Absolute Return Private CHF
Initial charge0.5%
Annual charge1.66%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price975.85
CurrencyCHF
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNAIO
VIA Absolute Return Private EUR
Initial charge0.5%
Annual charge1.66%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price980.16
CurrencyEUR
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNAIP
VIA Absolute Return Private USD
Initial charge0.5%
Annual charge1.66%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price989.07
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNAIQ
VIA Absolute Return Super Institutional EUR
Initial charge0.5%
Annual charge0.72%
Min single investment£2,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price986.35
CurrencyEUR
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAIR
VIA Absolute Return X EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price986.14
CurrencyEUR
Price updated04/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNG4P
Data provided by

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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.