Fact sheet: Zurich Absolute Return Bond Pn

Fund information
Fund name
Zurich Absolute Return Bond Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Adrian Hiltonsince 29/02/2012
Underlying fund
Threadneedle AbsRtnBd
Fund objective
The fund aims to achieve a total return in all market conditions, through investing in global bond markets. The fund will invest primarily in derivatives, cash and near cash, fixed-interest and index-linked securities, money market instruments and deposits. At times, the fund may be concentrated in any one or a combination of these assets. Derivatives may be used both for investment purposes and the efficient management of the fund.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
-5.1%
1 Year rank in sector
523/531
Sector
PN Specialist
Yield
-
Fund size
£1m (£1m 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.
30
Top in this sector
Fund name1 Year
Scot Eq Technology Pn60.1%
SIP Fidelity Gbl Technology Pn56.4%
FL AXA Framlington Gbl Tech AP54.7%
Zurich AXAFramGblTechPn53.7%
FL AXA Fram Gbl Tech EP53.1%
...more in PN Specialist

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%-1.1%-1.6%-5.1%-6.3%-4.3%
Sector1%1.2%5.5%14.6%25.2%48.7%
Rank within sector370 / 554496 / 554536 / 549523 / 531384 / 395322 / 333
Quartile3rd4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-1%-4.2%-2.2%1.5%0.2%
Sector3.1%11.6%2%7.2%11%
Rank within sector526 / 550497 / 514388 / 449329 / 387306 / 360
Quartile4th4th4th4th4th
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.
-3.27
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.
0.14
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%.
4.43
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.
6.56
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.
-1.43
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.
0.04
Price movement
52 week high527.2
52 week low496.9
Current bid price-
Current offer price-
Current mid price498.8
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The fund aims to achieve a total return in all market conditions, through investing in global bond markets. The fund will invest primarily in derivatives, cash and near cash, fixed-interest and index-linked securities, money market instruments and deposits. At times, the fund may be concentrated in any one or a combination of these assets. Derivatives may be used both for investment purposes and the efficient management of the fund.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
No data available.
Fund managers
NameSinceBiography
Adrian Hilton29/02/2012Adrian joined Columbia Threadneedle Investments in June 2016 as a Fixed Income portfolio manager in the Interest Rates & Currencies team. Prior to this, he spent eight years as a portfolio manager at Brevan Howard Asset Management, where he traded Emerging Markets local rates and currencies.Adrian began his career at the Bank of England in 2000, holding various positions in the Sterling Markets and Foreign Exchange divisions.  He became a portfolio manager in the Bank’s Reserves Management team in 2005 before leaving to join Aberdeen Asset Management in 2007 as a portfolio manager in that firm’s global rates team.  At Aberdeen, he contributed to absolute return rates strategies before joining Brevan Howard in September 2008 at the launch of Brevan Howard’s UCITS absolute return rates strategy.Adrian holds a BA (Hons) in History from the University of Birmingham.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Absolute Return Bond Pn Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price453.6
Offer price453.6
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeENP1
Zurich Absolute Return Bond Pn ZP
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.36%
Bid price-
Offer price-
Mid price498.8
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeENM7
Data provided by

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