Fact sheet: Zurich M&G Managed Growth Pn

Fund information
Fund name
Zurich M&G Managed Growth Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Craig Moransince 01/11/2013
  • David Fishwicksince 31/08/2015
Underlying fund
M&G Managed Growth
Fund objective
The fund aims to deliver capital growth over the long term (that is, over five years or more) by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise. Up to 20% of its portfolio can also be directly invested in company shares and cash. The fund may also gain exposure to assets indirectly through derivatives. The fund manager will use his judgement to decide on individual fund and stock weightings. Close consultation with M&G’s fund managers and analyst team is a key part of the decision-making process.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
35.2%
1 Year rank in sector
43/997
Sector
PN Global Equities
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.
96
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Performance snapshot

Holdings snapshot

  • USA45.6%
    UK10.5%
    Japan10.2%
    Germany4.1%
    Hong Kong3.4%
  • Financials30.7%
    Industrials13.5%
    Consumer Goods10.4%
    Technology8.6%
    Health Care8.5%
  • US Equities45.6%
    UK Equities10.5%
    Japanese Equities10.2%
    German Equities4.1%
    Hong Kong Equities3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%4.1%15%35.2%44.7%47.1%
Sector1.1%5.5%10.6%27.3%43.8%76.8%
Rank within sector979 / 1052854 / 103756 / 102443 / 997419 / 862734 / 773
Quartile4th4th1st1st2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund4.2%32.7%0.1%3.4%3.4%
Sector4.8%22.4%3.7%7.8%21.4%
Rank within sector722 / 103737 / 958804 / 916702 / 847802 / 821
Quartile3rd1st4th4th4th
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.
0.3
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.
1.06
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.
0.88
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%.
11.25
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.
3.94
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.
0.24
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.
0.88
Price movement
52 week high227.3
52 week low158.6
Current bid price-
Current offer price-
Current mid price222
Region
1USA45.58%
2UK10.49%
3Japan10.2%
4Germany4.14%
5Hong Kong3.45%
6Money Market3.26%
7Korea2.58%
8Taiwan2.42%
9Denmark2.25%
Industry sector
1Financials30.71%
2Industrials13.48%
3Consumer Goods10.4%
4Technology8.63%
5Health Care8.51%
6Others8.03%
7Consumer Services6.19%
8Basic Materials4.86%
9Oil & Gas4%
Asset type
1US Equities45.58%
2UK Equities10.49%
3Japanese Equities10.2%
4German Equities4.14%
5Hong Kong Equities3.45%
6Money Market3.26%
7South Korean Equities2.58%
8Taiwanese Equities2.42%
9Danish Equities2.25%
Individual holdings
1SOURCE FINANCIAL S&P US SECTOR12.23%
2M&G GLOBAL SELECT FUND11.54%
3M&G JAPAN A INC GBP9.75%
4M&G MACRO EPISODE FUND9.71%
5M&G INVESTMENT FUNDS 1 PAN EUROPEAN9.53%
6M&G NORTH AMERICAN VALUE A INC GBP9.19%
7M&G GLOBAL EMERGING MARKETS A ACC GBP8.78%
8M&G ASIAN C ACC EUR6.42%
9M&G PAN EUROPEAN DIVIDEND A ACC GBP5.48%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The fund aims to deliver capital growth over the long term (that is, over five years or more) by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise. Up to 20% of its portfolio can also be directly invested in company shares and cash. The fund may also gain exposure to assets indirectly through derivatives. The fund manager will use his judgement to decide on individual fund and stock weightings. Close consultation with M&G’s fund managers and analyst team is a key part of the decision-making process.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Craig Moran01/11/2013Craig Moran was appointed co-manager of the M&G Prudent Allocation Fund on launch in April 2015. He has also been deputy fund manager on the M&G Managed Growth Fund since 2013 and on the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund since 2011. Craig joined M&G in 2005 as a performance and risk analyst and was later promoted as a fund managers' assistant to the Multi Asset team. In 2010, he became the team's investment analyst. Craig holds a bachelor of business degree from Queensland University of Technology and a masters in applied finance and investments from the Financial Services Institute of Australasia. He is a CFA charterholder.
David Fishwick31/08/2015David Fishwick is Head of Macro and Equities Investment at M&G Investments and co-fund manager of the M&G Episode Macro Fund. He is also fund manager of the M&G Managed Growth Fund. Dave has more than 20 years of investment management experience, having joined Prudential Portfolio Managers (now M&G Investments) in 1987 as a European economist and subsequently being responsible for forming views on global bond and currency markets and applying them to multi-asset funds. In 1994, Dave relocated to Australia where he was appointed head of fixed interest and asset allocation strategy in 1997. During that time, he developed his ideas on market behaviour and designed the strategy, philosophy and process implemented for an overlay mandate for the Prudential Life Fund upon his return to Europe in 1999. In light of the success of this mandate, the M&G Episode Macro Fund was launched in 2010, which follows the same strategy. Dave has a BSc in economics from Brunel University, London.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich M&G Managed 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 price197.2
Offer price197.2
Mid price-
CurrencyGBX
Price updated22/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeAIS2
Zurich M&G Managed Growth Pn ZP
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price222
CurrencyGBX
Price updated22/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ329
Data provided by

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