Fact sheet: Zurich BlackRock EurLiq Fst Pn

Fund information
Fund name
Zurich BlackRock Euro Liquidity First Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Bea Rodriguezsince 14/02/2014
Underlying fund
BlackRock ICS Int Eur Lq
Fund objective
The fund aims to provide an investment return in Sterling based on a wide range of Euro denominated money market instruments. This will be achieved by investing in a Euro denominated money market fund. The value of the Euro denominated fund will be converted to Sterling daily.
Benchmark
  • LIBID 7 day
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
16.2%
1 Year rank in sector
1/241
Sector
PN Money Market
Yield
-
Fund size
£0m
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.
66
Top in this sector
Fund name1 Year
Zurich BlackRock EurLiq Fst Pn16.2%
ReAssure HL FxIntPn Stf Pn9.9%
ReAssure HL FxIntPnStf LS Pn9.9%
Phoenix Fixed Int Individual Pn6.6%
Phoenix Prop Old Bldg Society Pn4.8%
...more in PN Money Market

Performance snapshot

Holdings snapshot

  • France18.6%
    Japan17.5%
    USA14.8%
    Germany12.1%
    Sweden10.4%
  • Commercial Paper40.3%
    Certificates of Deposit24.3%
    Money Market10.2%
    Time Deposits9.4%
    Asset Backed Commercial Paper9.1%
  • Money Market93.3%
    Global Fixed Interest4.5%
    Global Government Fixed Interest2.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.5%0.1%8.4%16.2%0.5%-2.7%
Sector-0.1%-0.1%0.3%0.5%1%1.5%
Rank within sector249 / 24943 / 2461 / 2471 / 24170 / 226186 / 213
Quartile4th1st1st1st2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund13.9%-5.8%-6.5%2.1%-2.5%
Sector0.5%0%0.4%0.2%0.3%
Rank within sector1 / 242229 / 229226 / 2266 / 220206 / 213
Quartile1st4th4th1st4th
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.
-2.57
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.
10.83
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%.
9.01
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.
8.93
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.
0.04
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.
0.1
Price movement
52 week high527.1
52 week low419
Current bid price-
Current offer price-
Current mid price488.9
Region
1France18.59%
2Japan17.52%
3USA14.78%
4Germany12.09%
5Sweden10.41%
6Eurozone8.55%
7Netherlands6.62%
8Belgium2.9%
9Finland2.47%
Industry sector
1Commercial Paper40.29%
2Certificates of Deposit24.29%
3Money Market10.23%
4Time Deposits9.41%
5Asset Backed Commercial Paper9.07%
6Fixed Interest4.45%
7Government Bonds2.23%
Asset type
1Money Market93.29%
2Global Fixed Interest4.45%
3Global Government Fixed Interest2.23%
Individual holdings
1FRANCE(GOVT OF) 0% BDS 24/02/16 EUR13.94%
2RABOBANK NEDERLAND FRN 15/06/16 EUR1000003.19%
3BRED BANQUE POPULAIRE EURO 04/01/20162.95%
4FRANCE(GOVT OF) 0% BDS 27/01/16 EUR12.75%
5CITIBANK NA (UK BRANCH) 04/01/20162.56%
6CITIBANK NA (UK BRANCH) 11/01/20162.14%
7CREDIT SUISSE AG (UK BRANCH) 05/02/20161.88%
8SUMITOMO MITSUI BANKING CORP (BRUS 04/01/20161.77%
9NORDEA BANK AB 03/06/20161.69%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide an investment return in Sterling based on a wide range of Euro denominated money market instruments. This will be achieved by investing in a Euro denominated money market fund. The value of the Euro denominated fund will be converted to Sterling daily.
Benchmark
  • LIBID 7 day
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Bea Rodriguez14/02/2014Bea Rodriguez, Managing Director, is a senior member of the Non-Dollar Cash team within Trading & Liquidity Strategies Group. Prior to joining BlackRock in 2009, Ms. Rodriguez was with Fidelity International Investments, most recently as a sterling high grade portfolio manager and rates specialist, and previously as a manager of institutional and retail sterling money market funds as well as short duration strategies. Ms. Rodriguez was also a portfolio manager at Deutsche Bank AG from 2000 to 2003 where she headed up the cash reinvestment process for the securities lending desk as well as overseeing the launch and investments of Deutsche Banks offshore UCITs money market funds. She began her career at J.P. Morgan Investment Management in 1994. Ms. Rodriguez earned a BSc degree in management sciences from the London School of Economics and Political Sciences in 1993.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich BlackRock Euro Liquidity First 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 price474.5
Offer price474.5
Mid price-
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classInstitutional
Domicile-
Citi codeIZB1
Zurich BlackRock Euro Liquidity First Pn ZP
Initial charge-
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.13%
Bid price-
Offer price-
Mid price488.9
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIZB0
Data provided by

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