Fact sheet: Zurich Inv PrpGblTgtRt Pn

Fund information
Fund name
Zurich Invesco Perpetual Global Targeted Returns Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • David Millarsince 08/09/2013
  • Dave Jubbsince 08/09/2013
  • Richard Battysince 08/09/2013
Underlying fund
Invesco Perp Gbl Tgtd Retrns
Fund objective
The fund aims to achieve a positive total return in all market conditions over a rolling three year period. The fund targets a gross return of 5% a year above UK three month LIBOR and aims to achieve this with less than half the volatility of global equities over the same three year rolling period. There is no guarantee that the fund will achieve a positive return or its target, and an investor may not get back the full amount invested. The fund will use a broad range of investment strategies and techniques and will actively invest in a broad selection of asset classes across all economic sectors worldwide. The fund will make significant use of derivatives and other financial instruments to meet its investment objectives
Benchmark
  • UK 3-month LIBOR
Investment style
Flexible,Total Return
Investment method
None
Quick stats
1 Year return
1.8%
1 Year rank in sector
381/510
Sector
PN Specialist
Yield
-
Fund size
£0m
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus38.7%
ReAssure AL NptRu&GtrRus Pn38.2%
L&G Nep Russia&Gtr Russia Pn38%
SIP Fidelity Gbl Technology Pn34.2%
OMW InvescoPerpetualEmgEurpn33.6%
...more in PN Specialist

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-1.6%-1.2%1.8%--
Sector-1.8%-0.3%7.2%8.4%19.9%43%
Rank within sector322 / 546399 / 544476 / 531381 / 510--
Quartile3rd3rd4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund1.6%----
Sector8.9%2%7.2%11%7.7%
Rank within sector402 / 514----
Quartile4th
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 high521
52 week low495.2
Current bid price-
Current offer price-
Current mid price509.5
Region
No data available.
Industry sector
1Hedge100%
Asset type
1Hedge100%
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 positive total return in all market conditions over a rolling three year period. The fund targets a gross return of 5% a year above UK three month LIBOR and aims to achieve this with less than half the volatility of global equities over the same three year rolling period. There is no guarantee that the fund will achieve a positive return or its target, and an investor may not get back the full amount invested. The fund will use a broad range of investment strategies and techniques and will actively invest in a broad selection of asset classes across all economic sectors worldwide. The fund will make significant use of derivatives and other financial instruments to meet its investment objectives
Benchmark
  • UK 3-month LIBOR
Investment style
Flexible,Total Return
Investment method
None
Fund managers
NameSinceBiography
David Millar08/09/2013Based in Henley-on Thames, David Millar joined the company in January 2013 and heads the Multi Asset team. After commencing his investment career with Scottish Widows in 1989, where he qualified as an actuary, David joined the Fixed Interest team at Scottish Widows Investment Partnership in 1996, becoming Head of Bond Strategy and chair of their Bond Policy Group. In 2008, David joined Standard Life Investments as Investment Director in its Multi-asset investment team. David was one of the fund managers within its Global Absolute Return investment team and was chair of its Bond Investment Group. David holds a BSc (Hons) in Mathematical Statistics from the University of Cape Town and is a Fellow of the Institute and Faculty of Actuaries.
Dave Jubb08/09/2013Based in Henley-on Thames, Dave Jubb joined the company in March 2013, and serves as a fund manager within the Multi Asset team. Prior to this, Dave worked at Standard Life Investments where he was an Investment Director within its Multi Asset investment team, and was one of the fund managers within the firm’s Global Absolute Return investment team. Dave joined Standard Life Group in 1982 as a computer programmer and after a period in the Actuarial Department of Standard Life Canada he joined Standard Life Investments where he held a position as a fixed income fund manager and strategist before joining their Multi Asset investment team in 2006. Dave graduated from St Andrews University in 1982 with a BSc (Hons) in Mathematics and is a Fellow of the Institute and Faculty of Actuaries.
Richard Batty08/09/2013Based in Henley-on Thames, Richard Batty joined the company in March 2013, and serves as a fund manager within the Multi Asset team. Previously, Richard had worked at Standard Life Investments since 2003 where he was the Global Investment Strategist in its Strategy team which is now part of Standard Life’s Multi Asset investment team, gaining additional responsibilities for Global Tactical Asset Allocation in 2012. Prior to joining Standard Life Investments, Richard began his investment career at James Capel/HSBC as an equity strategist in 1995. During this part of his career, he became a highly-rated, senior member of its industry renowned Economics and Strategy group. In 1994, Richard was awarded a PhD in Financial Economics from Brunel University, where he was a part-time research assistant and taught both graduate and undergraduate students
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Invesco Perpetual Global Targeted Returns 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 price505.4
Offer price505.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMUMY
Zurich Invesco Perpetual Global Targeted Returns Pn ZP
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price509.5
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMUMX
Data provided by

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