Fact sheet: City Financial Abs Eq

Fund information

Fund name
City Financial Absolute Equity I Acc GBP
Fund company manager
City Financial Inv Company Ltd
Fund type
OEIC
Fund manager
Jack Markham
since 01/09/2009
Fund objective
The Absolute Equity Fund is a fundamental equity long/short strategy which aims to achieve a positive absolute return for investors over rolling 36 month periods, primarily through investment in UK and global equities. The Fund is managed against a cash benchmark, reflecting the aim to deliver a positive return in all stock market conditions over rolling 36 month periods. There is no actual guarantee that these returns will be achieved over the specified, or any, time period, and capital is not guaranteed. In seeking to achieve absolute returns, the Fund may from time to time behave independently to equity markets and can even fall in value when equity markets rise. The manager seeks to generate positive returns from each position but, at times when this does not occur, the Fund may suffer negative returns. This behavior is partly reflected in the Fund's Key Investor Information Document Synthetic Risk and Reward Indicator score of 5.
Benchmark
LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
Shares

Performance snapshot

Quick stats

1 Year return

22.73 %

1 Year rank in sector

2/73

Sector

UT Targeted Absolute Return

Yield
-
Fund size

£ 232.4 m

FE Risk score

102

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    57%
  • Europe
    4.16%
  • Others
    -7.01%
  • North America
    -32.07%
  • Financials
    11.96%
  • Industrials
    11.83%
  • Utilities
    6.92%
  • Energy
    6.75%
  • Materials
    6.15%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.06 %8 %22.26 %29.46 %116.73 %
Sector-0.28 %1.43 %2.57 %6.51 %16.45 %
Rank within sector35 / 785 / 762 / 731 / 591 / 50
Quartile th2 nd1 st1 st1 st1 st

Calendar performance

YTD-20172016201520142013
Fund17.33 %-10.67 %22.66 %20.92 %32.45 %
Sector2.33 %0.97 %2.2 %2.51 %6.51 %
Rank within sector1 / 7666 / 691 / 641 / 553 / 50
Quartile th1 st4 th1 st1 st1 st

Risk statistics

Alpha10.4
Beta0.41
Sharpe0.49
Volatility14.17
Tracking error14.18
Information ratio0.54
R-Squared0

Price movement

52 week high387.54
52 week low293.21
Current bid price0
Current offer price0
Current mid price381.54

Holdings by region

  • 57% UK
  • 4.16% Europe
  • -7.01% Others
  • -32.07% North America

Holdings by sector

  • 11.96% Financials
  • 11.83% Industrials
  • 6.92% Utilities
  • 6.75% Energy
  • 6.15% Materials
  • 0.86% Telecommunications Utilities
  • -1.02% Real Estate
  • -1.35% Consumer Staples
  • -1.49% Information Technology
  • -4.93% Consumer Discretionary

Holdings by asset type

-

Individual holdings

  • 6.92% CAPITAL STAGE AG
  • 6.24% HOLLYWOOD BOWL GROUP PLC
  • 5.77% ALDERMORE GROUP PLC
  • 3.98% STAFFLINE GROUP PLC
  • 3.76% MORGAN SINDALL GROUP PLC
  • 3.66% ON THE BEACH GROUP PLC
  • 3.44% LEARNING TECHNOLOGIES GROUP PLC
  • 3.38% MOTORPOINT GROUP PLC
  • 3.34% LAIRD PLC
  • 3.33% FARON PHARMACEUTICALS OY