Insight Diversified High Income B Inst Inc NAV

IMA Sector:

Mixed Investment 20-60% Shares

ISIN:

GB0033999433

Fund Type:

Unit Trust

67.51p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 08-Feb-2013
  • Change: 0.42p
  • Change %: 0.63%
  • Currency: GBP
  • YTD change: 67.51p
  • YTD %: n/a

Fund Objective

To produce a high level of income.

View on Past Performance

Global equity markets endured an exceptionally turbulent month, as turmoil in the US and UK banking industries reverberated around the globe. Stocks crashed after the House of Representatives rejected a rescue plan in the US; however markets rebounded sharply on the last day of the month amid feverish speculation that the deal would be salvaged. The MSCI World index lost 9.8% in sterling, total return terms. The Fund lagged its cash benchmark during the month.Our corporate bond exposure hurt performance, in particular our exposure to AIG, as the entire financial system came under intense pressure. The nature of the Federal Reserve's bailout of the world's largest insurer has led to deep uncertainty about the prospects for AIG's creditors. The BlackRock Global Capital Securities fund also ended lower. Our equity hedging instruments were among the biggest positive contributors to returns, cushioning the impact of falling equity markets.Our Agricultural Alpha note also performed well over the period. In terms of activity, we scaled back our exposure to natural gas during the month. We also added to the BlackRock Global Capital Securities fund, which we believe could rebound strongly as confidence returns to the banking sector.

Future Expectations

However, we remain comfortable with our financial credit exposure, given that banks have already begun to repair their balance sheets, with concerted global governmental support. The asset class will also be less hampered by economic headwinds which may continue to act as a drag on equities, property and commodities.

Fund Details

Latest Price 67.51p IMA Sector Mixed Investment 20-60% Shares
Currency British Pound Launch Date 03/03/1997
Fund Size n/a Fund Manager Ana Munro / Patrick Armstrong
ISIN GB0033999433 Dividend 0.00p
 

Price Info

Date 08-Feb-2013
NAV 67.51p
Currency GBP
Change 0.42p
% 0.63%
YTD change 67.51p
YTD % n/a

Fund Facts

Fund Inception 03/03/1997
Fund Manager Ana Munro / Patrick Armstrong
TER 1.94 (31-May-2012)

Fund Reports

Minimum Investment
Initial £500
Additional n/a
Savings £50
Charges
Initial n/a
Annual Mang't 0.75%
Exit n/a

Risks

Name %
Standard deviation 0.01
Sharpe ratio -0.01

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