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OLD MUTUAL GLOBAL EQUITY ABSOLUTE RETURN R HGD GBP

OLD MUTUAL GLOBAL EQUITY ABSOLUTE RETURN R HGD GBP - Overview

Overview of OLD MUTUAL GLOBAL EQUITY ABSOLUTE RETURN R HGD GBP Buy in ISA Buy in Investment Account

Bestinvest research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. OLD MUTUAL GLOBAL EQUITY ABSOLUTE RETURN R HGD GBP does not fall into either of these categories at present.

  • Standard Initial Charge 4.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Targeted Absolute Return
Structure OFFSHORE FUND
Launched June, 2009
Size £6,903m
Yield 0.0%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.98%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 0
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 100
Fund cash 0
Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 0
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 0
Mid Caps 0
Small Caps 0
View all performance data for this fund

Investment process

The fully systematic, quant-driven investment process draws on five distinct strategies that span different styles: value, growth, momentum, analyst sentiment and company management. The strategies are combined to produce a single return forecast for every stock in the universe of 3,500 global equities. The weighting given to each strategy is based on not only its historical performance, but also the current macroeconomic environment. Weightings are therefore dynamic, tilting the portfolio towards the strategies that are likely to be most effective at the time. The stock return forecasts are then used in an optimisation process to construct the most efficient portfolio. The fund is rebalanced weekly. The fund uses basket trades where possible to minimise commissions. Turnover for the fund is typically 600% to 800% pa.

Live feed

Bid price(inc) 159.39p
Accum units 159.39p
Fund commentary
Fund data updated on 26/05/17

Asset allocation

Allocation Proportion(%)
Equity 0
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 100
Fund cash 0

Equity Geographic

Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 0
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 0
Mid Caps 0
Small Caps 0

Top 10 holdings

No information available.

Sector breakdown

Portfolio details

c.300 stocks.

Constraints

Equal number of long and short positions. Gross exposure limit: 180% to 220%. Net exposure limit: -5% to +5%. VaR limit: 5% 1-day VaR at 99% confidence level over 252 days. Number of holdings: 300 to 700. Max 1.5% per stock. All share classes are hedged.

Average monthly relative returns Bestinvest MRI
12/13 13/14 14/15 15/16 16/17   3 years 5 years Career 3 years 5 years Career
-1.80% -0.48% 0.00% -0.56% -0.94%   -0.50% -0.76% -0.39% 50.00% 50.00% 26.80%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Ian Heslop

Manager. Heslop joined the Quantitative Strategies team in June 2004 from OMAM’s Global Equities team, where he was a fund manager specializing in the global technology and biotechnology sectors. He joined the Old Mutual group from Barclays Global Investors, where he was a UK quantitative fund manager (1997-2000). Heslop has a BA in Chemistry from Oxford University (1993) and a PhD in Medicinal Chemistry from Edinburgh University (1997). He is an Associate of the UK Society of Investment Professionals.

Track record

Ian Heslop has 5.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.39%. During the worst period of relative performance (from September 2002 - July 2007) there was a decline of 42% relative to the index. The worst absolute loss has been 47%.

Periods of worst performance
Absolute -47% (December 2001 - January 2003)
Relative -42% (September 2002 - July 2007)

Other funds managed

Sector record since December 2001 (6 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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