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Old Mutual Global Equity Absolute Return Inclusive - Class A - Accumulation (Hedged GBP)

Sell: 137.55pBuy: 137.55p0.07p (0.05%)

Prices as at 1 September 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.

Charges and Savings

Fund manager's initial charge: 4.00%
HL saving on initial charge: 4.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 1.50%
HL saving on annual charge (loyalty bonus): 0.75%
Net annual charge: 0.75%
 
Fund manager's other expenses: 0.26%
Performance fee: Yes   View risks

Please read the Simplified Prospectus/Key Investor Information Document (KIID) in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Inclusive
Manager: Quantitative Strategies Team
Fund launch date: 1 July 2009
Launch price: £1.00
Sector: Targeted Absolute Return
Fund size: £427 million
Number of holdings: 640
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Citicorp Trustees Co. Ltd.
Minimum investment: £500.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £50.00

Performance

01/09/09 to 01/09/10 01/09/10 to 01/09/11 01/09/11 to 01/09/12 01/09/12 to 01/09/13 01/09/13 to 01/09/14
Annual return -3.97% 18.21% 2.49% 10.55% 6.43%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth 150 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 150 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 150 funds are superior alternatives. View funds on the Wealth 150 »

Fund Objective

The objective of the fund is capital appreciation while closely controlling risk. The fund intends to deliver absolute returns over rolling 12 month periods that have a low correlation with equity and bond markets, through a market neutral portfolio of global equity stocks.

Income Details

Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 1 August 2014
Payment date: 30 September 20144

All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Security Weight
US Treasury Bill 12/09/13 11.84%
Galaxy Entertainment Group 1.07%
O'Reilly Automotive 1.01%
Nippon Telegraph & Telephone Corp. 1.00%
NAVER 1.00%
Gap 1.00%
Trinity Industries 1.00%
Delhaize Group 0.99%
Celgene Corp. 0.99%
Amadeus IT Holdings S.A. 0.98%
Sector Weight
Cash and Equiv. 88.25%
Bonds 11.84%
Automobiles & Parts 8.30%
Pharmaceuticals & Biotechnology 6.14%
Food & Drug Retailers 4.86%
Travel & Leisure 3.70%
Banks 2.86%
Nonlife Insurance 2.59%
Support Services 2.53%
Household Goods & Home Construction 1.27%
Country Weight
Cash and Equiv. 88.25%
United States 12.80%
Denmark 2.48%
Ireland 2.02%
Italy 1.98%
Australia 1.57%
Germany 1.54%
South Korea 1.37%
Belgium 1.24%
Taiwan 0.86%

Fund Manager

Photo of Quantitative Strategies Team

Key facts

Quantitative Strategies Team
Manager start date 01/07/2009
Manager located in London

Biography

The fund is managed by our Quantitative Strategies team which manages a range of funds using a proven investment process working across developed markets. Dr Ian Heslop is Head of Quantitative Strategies. Ian Heslop joined the Quantitative Strategies team in June 2004 from OMAM?s Global Equities team, where he was a fund manager specialising 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). Ian has a BA in Chemistry from Oxford University (1993) and a PhD in Medicinal Chemistry from Edinburgh University (1997).

You can buy or sell holdings in this fund through a NISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Prices as at 1 September 2014. Data as at 31 August 2013.

Wealth 150 fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

Wealth 150+ fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

As investment returns depend on two factors - performance and charges - we have identified from the Wealth 150, the funds we believe offer the very best combination of outstanding performance potential and the best prices. These are the Wealth150+ funds. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

Core Tracker fund

The Core Trackers list represents what we believe are the very best trackers in each of the main sectors. We analysed each fund's management, process and performance to find the best combination of quality and cost. We want to ensure that the fund has not only tracked its index closely in the past, but that it has the best potential to track well in the future. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.



Hargreaves Lansdown is authorised and regulated by the Financial Conduct Authority.

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