Fact sheet: Zurich Fid Mlti Asst Gth Pn

Fund information
Fund name
Zurich Fidelity Multi Asset Open Growth Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • James Batemansince 05/02/2013
  • Ayesha Akbarsince 01/02/2010
Underlying fund
Fidelity MA Open Grth
Fund objective
This Fund targets an average annual return of 5.5% after the deduction of ongoing fund charges, over a typical market cycle of 5-7 years. The return target assumes the deduction of the ongoing charges figure (OCF) on the Y share class. There is no guarantee that the target will be achieved by the Fund. The Fund typically has exposure to higher risk investments meaning that there is a risk of short-term price fluctuations and an investor may not get back the full amount invested. The Fund invests primarily into funds (including those managed by Fidelity) which provide global exposure to a diversified range of assets. The Fund can also invest directly into transferable securities, money market instruments, cash and deposits, and is also able to use derivatives for efficient portfolio management and investment purposes. Asset allocation exposure of the Fund will be actively managed) subject to it remaining within the following parameters: 40-85% equity, 0-60% debt instruments (which may include high yield and emerging market debt) 0-20% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
20.3%
1 Year rank in sector
315/862
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£0m (£0m 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.
62
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn35.3%
Scot Eq Ext Bal Coll (ex MLC) Pn33%
FL My Ftr Advantage Gth Pn32.8%
FL My Ftr Adv Gth XE/IE Pn31.9%
FL Tailored Adventurous Pfl Pn30.6%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK32.8%
    North America15.6%
    Europe ex UK14.3%
    Not Specified11.7%
    Money Market8.9%
  • Equities60.7%
    Fixed Interest18.7%
    Others8.9%
    Commodity & Energy6.8%
    Property6.6%
  • UK Equities20.8%
    North American Equities15.6%
    Europe ex UK Equities14.3%
    UK Fixed Interest12%
    Money Market8.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%4.9%7.4%20.3%27.5%42.7%
Sector1%4.3%5.8%17.8%27.8%49.1%
Rank within sector416 / 904286 / 893242 / 892315 / 862430 / 705510 / 612
Quartile2nd2nd2nd2nd3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund4.1%16.9%-0.4%5.9%9.4%
Sector3.4%14.3%2.2%5.7%13.1%
Rank within sector249 / 893247 / 794660 / 747234 / 689597 / 662
Quartile2nd2nd4th2nd4th
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.
0.08
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.
0.98
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.
0.61
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%.
7.08
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.
1.59
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.
-0.06
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.
0.95
Price movement
52 week high171.7
52 week low141.4
Current bid price-
Current offer price-
Current mid price171
Region
1UK32.8%
2North America15.61%
3Europe ex UK14.28%
4Not Specified11.73%
5Money Market8.89%
6International6.71%
7Global Emerging Markets4.48%
8Japan3.59%
9Pacific ex-Japan1.91%
Industry sector
1Equities60.66%
2Fixed Interest18.72%
3Others8.89%
4Commodity & Energy6.82%
5Property6.59%
6Derivatives-1.68%
Asset type
1UK Equities20.79%
2North American Equities15.61%
3Europe ex UK Equities14.28%
4UK Fixed Interest12.01%
5Money Market8.89%
6Commodity & Energy6.82%
7Global Fixed Interest6.71%
8Property6.59%
9Global Emerging Market Equities4.48%
Individual holdings
1Independent Franchise Partners US Equity7.45%
2BLACKROCK GLB PROP SEC EQT FND6.59%
3MAJEDIE ASSET MANAGEMENT5.85%
4BLOOMBERG COMMODITY INDEX_CFD5.01%
5FIDELITY STRATEGIC BOND FUND A INCOME SHARES4.8%
6JO HAMBRO CAPITAL MANAGEMENT UK UMBRELLA FUND - UK DYNAMIC FUND4.29%
7FIDELITY INDEX US P ACC4.21%
8ARTEMIS INCOME I ACC4.1%
9BLACKROCK CONTINENTAL EUROPEAN A ACC4.1%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
This Fund targets an average annual return of 5.5% after the deduction of ongoing fund charges, over a typical market cycle of 5-7 years. The return target assumes the deduction of the ongoing charges figure (OCF) on the Y share class. There is no guarantee that the target will be achieved by the Fund. The Fund typically has exposure to higher risk investments meaning that there is a risk of short-term price fluctuations and an investor may not get back the full amount invested. The Fund invests primarily into funds (including those managed by Fidelity) which provide global exposure to a diversified range of assets. The Fund can also invest directly into transferable securities, money market instruments, cash and deposits, and is also able to use derivatives for efficient portfolio management and investment purposes. Asset allocation exposure of the Fund will be actively managed) subject to it remaining within the following parameters: 40-85% equity, 0-60% debt instruments (which may include high yield and emerging market debt) 0-20% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
James Bateman05/02/2013James joined Fidelity in 2012, having previously worked at Barclays Wealth, Northern Trust Global Investments, Investment Manager Selection Limited and Mercer Management Consulting. He has an MA in Economics from the University of Cambridge. James leads our global manager research and portfolio management capabilities.
Ayesha Akbar01/02/2010Ayesha Akbar joined Fidelity's MultiManager Business in June 2008 as Portfolio Manager covering Asia Pacific ex-Japan and Global Emerging Market equities. She also brings a wealth of experience in other asset classes as a member of a broad asset team with previous employers. Prior to joining Fidelity Ayesha worked at Barclays Wealth for six years. She spent the first five years helping to establish the £10bn+ multi-manager business with the Private Clients division, working on global and regional fixed income and Asia/Emerging equities. For the last 12 months she has been an Associate Director of the newly formed Wealth division, focusing on manager research and portfolio management for Asian and Emerging equities. Prior to joining Barclays, Ayesha worked for two years as an investment analyst for Abu Dhabi Investment Authority, researching and managing portfolios of external funds focused on UK and European equities. Ayesha Akbar is a CFA Charterholder. She has a BSc (Hons) Economics degree and an MSc (Accounting and Finance) degree both gained from the London School of Economics and Political Science.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Fidelity Multi Asset Open Growth 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 price146.7
Offer price146.7
Mid price-
CurrencyGBX
Price updated22/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeAIQ0
Zurich Fidelity Multi Asset Open Growth 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)1.39%
Bid price-
Offer price-
Mid price171
CurrencyGBX
Price updated22/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ321
Data provided by

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