Fact sheet: Zurich Fid Mlti Asst Inc Pn

Fund information
Fund name
Zurich Fidelity Multi Asset Open Strategic Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Ayesha Akbarsince 11/01/2017
  • Bill McQuakersince 11/01/2017
Underlying fund
Fidelity Ml Ass Op Sg
Fund objective
This Fund targets an average annual return of 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 both higher and lower risk investments meaning that there is a moderate risk of capital losses 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: 20-60% equity, 5-80% debt instruments (which may include high yield and emerging market debt), 0-30% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
17.5%
1 Year rank in sector
114/490
Sector
PN Mixed Investment 20%-60% 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.
43
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn49%
OMW IPL F&COs EqLnkUKInflPn44.4%
OMW IPL F&C Os EqLkUK GltPn32%
AXA Wealth TEAMS cl Gvn ptfl VPn31.1%
Aegon Dynamic Lifestyle 2023 (RR)Pn31%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • International26.8%
    Not Specified26.5%
    UK15%
    Europe11%
    North America8.1%
  • Equities40.5%
    Fixed Interest30.5%
    Derivatives13%
    Others8%
    Property4.4%
  • Global Investment Grade Fixed Interest20.9%
    UK Equities15%
    European Equities11%
    North American Equities8.1%
    Money Market6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.4%2.5%6.7%17.5%26%50.7%
Sector1.6%2.3%6.6%14.9%22.5%45.8%
Rank within sector83 / 530261 / 529295 / 521114 / 490102 / 411133 / 359
Quartile1st2nd3rd1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund4.1%14.9%0.6%6.6%8.2%
Sector4%11.8%1.3%6%8.3%
Rank within sector268 / 52292 / 459286 / 423119 / 397244 / 380
Quartile3rd1st3rd2nd3rd
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.
1.07
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.
0.95
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.
0.77
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%.
5.22
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.
1.32
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.
0.55
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.
0.94
Price movement
52 week high167.3
52 week low142.5
Current bid price-
Current offer price-
Current mid price167.4
Region
1International26.8%
2Not Specified26.5%
3UK15%
4Europe11%
5North America8.1%
6Money Market6.2%
7Pacific ex-Japan2.6%
8Global Emerging Markets2%
9Japan1.8%
Industry sector
1Equities40.5%
2Fixed Interest30.5%
3Derivatives13%
4Others8%
5Property4.4%
6Commodity & Energy3.6%
Asset type
1Global Investment Grade Fixed Interest20.92%
2UK Equities15%
3European Equities10.97%
4North American Equities8.12%
5Money Market6.25%
6Hedge6.05%
7Global Fixed Interest5.41%
8Commodity & Energy4.56%
9Property4.35%
Individual holdings
1UK AGGREGATE BOND FUND GROSS PAYING ACCUMULATION SHARES10.99%
2BLACKROCK CONTINENTAL EUROPEAN A ACC4.37%
3MAJEDIE ASSET MANAGEMENT4.23%
4LOOMIS SAYLES GLOBAL OPPORTUNISTIC BOND3.84%
5FIDELITY STRATEGIC BOND FUND A INCOME SHARES3.78%
6JO HAMBRO CAPITAL MANAGEMENT UK UMBRELLA FUND - UK DYNAMIC FUND3.56%
7FIDELITY CASH FUND Y ACCUMULATION SHARES3.35%
8INVESCO CONTINENTAL EUROPEAN EQUITY FUND3.15%
9LEGAL & GENL AL STK GLT INX FN2.86%
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% 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 both higher and lower risk investments meaning that there is a moderate risk of capital losses 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: 20-60% equity, 5-80% debt instruments (which may include high yield and emerging market debt), 0-30% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ayesha Akbar11/01/2017Ayesha 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.
Bill McQuaker11/01/2017Bill joined Fidelity Multi Asset in October 2016. He has three decades of investment experience, joining Fidelity from Henderson Global Investors, where he was Head of Multi Asset. Before this, Bill worked at Credit Suisse, where he held roles in European equity strategy and quantitative research. Over his extensive career, Bill has developed a rigorous and disciplined investment approach. He has a deep understanding of asset class behaviour, and substantial experience in managing multi asset investment strategies to deliver specific outcomes for clients.Bill graduated from Edinburgh University in 1985, with a BComm degree in Business.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Fidelity Multi Asset Open Strategic 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 price145.7
Offer price145.7
Mid price-
CurrencyGBX
Price updated24/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeAIR9
Zurich Fidelity Multi Asset Open Strategic 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)1.33%
Bid price-
Offer price-
Mid price167.4
CurrencyGBX
Price updated24/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ322
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.