Factsheet: Old Mutual Global Equity R GBP Acc

Global Growth

Rated fund 2013-2018. Avoids style bias to follow the money

A past winner of Best Global Growth Fund in Money Observer's annual fund awards, this fund has been overseen since 2004 by Ian Heslop, Old Mutual's head of global equities, with co-managers Amadeo Alenton and Mike Servant.

Rather than sticking to growth or value stocks, they use a variety of styles and follow multiple themes in their portfolio so that they are covering all the different investment styles that can outperform in different market conditions. This produces a highly diversified portfolio -- of more than 450 stocks at the end of 2017 -- which Heslop says has been very important in stabilising the returns that the fund has achieved over the longer term.

Put at its simplest, the managers look for the types of stocks, such as financial or healthcare, that other investors are buying, and then look for the best companies they can buy to take advantage of these themes. Companies are selected on the basis of five specific criteria that are in the public domain. These are: dynamic valuation or risk appetite; market dynamics and price movements; sustainable growth based on companies' growth prospects; analyst sentiment to take account of announcements; and company managements and their use of capital. These are considered in the context of the �temperature of the market'.

However, Heslop stresses that in seeking to determine the current market environment they are not making any forecasts. Instead, they are looking to �follow the money', trying to understand the type of stocks that will outperform. Recognising the cyclicality of investment processes, they adjust to market conditions accordingly.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Old Mutual Global Equity R GBP Acc
Manager
Old Mutual Investment Management Limited
Type
Open Ended Investment Company
ISIN
GB00B1XG9821
Sector
Global
Launched
09/01/2013
OCF
1 %
Risk Rating
4
3 Year Sharpe
1.29
3 Year Alpha
3.14
Yield
0.4 %
Benchmark
MSCI World NR USD
The fund seeks to achieve long term capital growth through the active management of a diversified portfolio invested primarily in a broad range of global equities. Subject to the regulations, the property of the fund may include transferable securities, units in collective investment schemes (including those managed or operated by the ACD or an associate of the ACD), warrants, money market instruments, deposits and derivatives.
Holding %
Apple Inc 1.27 %
Bank of America Corporation 1.18 %
Alphabet Inc A 1.14 %
Chevron Corp 1.09 %
NVIDIA Corp 0.91 %
Philip Morris International Inc 0.81 %
Amgen Inc 0.81 %
STMicroelectronics NV 0.77 %
American International Group Inc 0.74 %
Banco Santander SA 0.74 %
Region %
United States 60.42 %
Eurozone 11.35 %
Japan 8.91 %
United Kingdom 5.99 %
Europe - ex Euro 5.04 %
Sector %
Technology 18.20 %
Financial Services 18.05 %
Healthcare 11.35 %
Consumer Cyclical 10.93 %
Industrials 10.82 %
Basic materials 10.69 %
Consumer Defensive 7.52 %
Energy 7.04 %
Name
Old Mutual Investment Management Limited
Address
EC4P 4WR, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Mike Servent
Joined 02/01/2011
Amadeo Alentorn
Joined 08/18/2008
Ian Heslop
Joined 11/01/2007

Dr. Ian Heslop is the Deputy Head of Quantitative Strategies at Old Mutual Asset Managers (UK). He 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).

Data provided by Morningstar.

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