Fact sheet: Old Mutual UK Dynamic Equity

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
UK GROWTH
Sector
FO Equity - UK
Fund type
No data available.
Primary aim
GROWTH
Why Money Observer Rates Old Mutual UK Dynamic Equity

Rated Fund 2016-2017. Benefiting from falling as well as rising share prices

Old Mutual UK Dynamic Equity was highly commended in Money Observer's 2016 fund awards. Managed by Luke Kerr since 2009, it targets capital growth through investment in small and medium-sized UK companies.

Kerr is part of Old Mutual's UK mid and small-cap team so he is able to benefit from their best ideas. He looks for strong, fast-growing companies whose shares he expects to rise in price but he can also 'short' stocks he believes are going down in price. This gives the fund an advantage in volatile market conditions.

Kerr says the difference between his fund and traditional funds is that while others are typically 90-100 per cent invested in shares, he can have as little as 60 per cent invested, with the remainder in cash.

He can then use up to 30 per cent of the fund to take short positions in stocks that he thinks will go down in price and thereby provide him with a positive return. This means that the fund can be anywhere between 30 and 100 per cent exposed to equities.

So if he believes the equity markets are going up, the fund will behave much like a traditional fund and have little or nothing in short positions.

However, if he believes the market is falling he can reduce his holdings to 60 per cent, take the short book up to 30 per cent and thereby significantly increase the fund's potential to benefit from falling share prices.

3 Year Performance
Fund Performance75.7%
Average of Rated Funds Group45.4%
Sector Performance20.9%
Fund information
Fund name
Old Mutual UK Dynamic Equity R Inc GBP
Fund manager company
Old Mutl Glbl Investors(UK)Ltd
Fund type
No data available.
Fund manager
  • Luke Kerrsince 29/06/2009
Accolades
Highly Commended - UK Growth - Larger Funds
Fund objective
The investment objective of Old Mutual UK Dynamic Equity Fund is to achieve capital appreciation by taking long and short positions principally in UK equities outside the FTSE 100 Index.
Benchmark
  • FTSE 250 ex Investment trust TR
Investment style
None
Investment method
Shares
Quick stats
1 Year return
29.6%
1 Year rank in sector
2/67
Sector
FO Equity - UK
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.1%
Fund size
£579m (£402m 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.
94
Top in this sector
Fund name1 Year
Old Mutual UK SmCos Fcus60.4%
Old Mutual UK Dynmc Eq29.6%
Boost FTSE 100 3x LD ETP27.3%
Boost FTSE 250 2x LD ETP21.8%
RWC UK Focus19%
...more in FO Equity - UK

Performance snapshot

Holdings snapshot

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%4.7%14%29.6%75.7%170.3%
Sector-0.5%-1%1.8%9.9%20.9%55.9%
Rank within sector51 / 713 / 712 / 712 / 672 / 592 / 45
Quartile3rd1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund25.7%10.5%23.5%5.6%43%
Sector6.9%8.9%4.9%1%23.7%
Rank within sector2 / 7027 / 631 / 594 / 502 / 47
Quartile1st2nd1st1st1st
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.
14.48
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.
1.02
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.
1.49
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%.
12.56
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.
8.91
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.
1.58
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.
0.5
Price movement
52 week high496.56
52 week low366.13
Current bid price-
Current offer price-
Current mid price486.5
Region
1UK100%
Industry sector
1Industrials30.6%
2Consumer Services20.3%
3Financials17.7%
4Consumer Goods10.1%
5Technology9%
6Health Care7.7%
7Basic Materials3.1%
8Others1.5%
Asset type
1UK Equities100%
Individual holdings
1BOOHOO.COM PLC6.7%
2ASCENTIAL PLC5%
3PAYSAFE GROUP PLC4.7%
4MELROSE INDUSTRIES PLC4.4%
5FEVERTREE DRINKS PLC3.9%
6MICRO FOCUS INTERNATIONAL3.8%
7SMART METERING SYSTEMS PLC3.2%
8CONVIVIALITY PLC3%
9HOMESERVE2.8%
Management
Fund manager group
Old Mutual
Fund manager company
Old Mutl Glbl Investors(UK)Ltd
Fund type
No data available.
Fund objective
The investment objective of Old Mutual UK Dynamic Equity Fund is to achieve capital appreciation by taking long and short positions principally in UK equities outside the FTSE 100 Index.
Benchmark
  • FTSE 250 ex Investment trust TR
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Luke Kerr29/06/2009Luke Kerr joined OMGI in 2001, and manages the Old Mutual UK Dynamic Equity Fund as part of OMGI's highly rated and multi-award winning UK Mid & Small Cap team. He was previously a consultant at Arthur Andersen (1997-2001). Luke has a BA in Chemistry from Oxford University (1997), is ACA qualified and is a CFA Charterholder.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Spain, France, United Kingdom, Ireland, Italy, Offshore, Singapore, Sweden
Old Mutual UK Dynamic Equity A Inc GBP
Initial charge6.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price472.64
CurrencyGBX
Price updated21/09/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFQD1
Old Mutual UK Dynamic Equity I Hedged Acc EUR
Initial charge-
Annual charge1%
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4.7431
CurrencyEUR
Price updated21/09/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQC9
Old Mutual UK Dynamic Equity R Inc GBP
Initial charge-
Annual charge1%
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price486.5
CurrencyGBX
Price updated21/09/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFQD0
Old Mutual UK Dynamic Equity X Acc GBP
Initial charge-
Annual charge-
Min single investment£20,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKICG
Old Mutual UK Dynamic Equity X Inc GBP
Initial charge-
Annual charge-
Min single investment£20,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKICH
Data provided by

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