IIMIA CF Growth & Income Acc NAV

IMA Sector:

Mixed Investment 40-85% Shares

ISIN:

GB00B05HTD12

Fund Type:

Unit Trust

103.40p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 27-Jul-2009
  • Change: 0.60p
  • Change %: 0.58%
  • Currency: GBP
  • YTD change: 103.40p
  • YTD %: n/a

Fund Objective

To provide capital growth and a reasonable level of income.

View on Past Performance

So many extraordinary events have occurred within a single month and most of it has been so widely reported in the media that we feel we are covering old ground. The month of September 2008 will be regarded in years to come as one of the most extraordinary in stock market history.Reports of banks and other major financial institutions disappearing were occurring daily - indeed on 29th September alone, 4 banks (Fortis, Glitner, Wachovia and Bradford & Bingley) were either nationalised or acquired. There are now no more investment banks on Wall Street as Morgan Stanley and Goldman Sachs decided to change their status to retail banks in order to gain access to government emergency funding.Fear is driving the current market and there is a wholesale liquidation of assets at any price.Anecdotal evidence suggests a lot of this is driven by hedge funds being forced to reduce their leverage or meet redemptions from unhappy investors.Hedge funds will have suffered from the violent swings in markets during the month.Broad hedge fund indices are suggesting average falls of around 9%,but reports are coming through of losses between 15% and 20% for some of the most highly regarded managersActivity during the month was light as it soon became clear that fundamentals were not driving markets and therefore making a sensible decision for the long term was very difficult. That said, the position in Thames River Global Bond Fund was increased to become the largest investment as it will benefit from the flight to safety.

Fund Details

Latest Price 103.40p IMA Sector Mixed Investment 40-85% Shares
Currency British Pound Launch Date 13/01/2005
Fund Size n/a Fund Manager Daniel Lockyer
ISIN GB00B05HTD12 Dividend 0.00p
 

Price Info

Date 27-Jul-2009
NAV 103.40p
Currency GBP
Change 0.60p
% 0.58%
YTD change 103.40p
YTD % n/a

Fund Facts

Fund Inception 13/01/2005
Fund Manager Daniel Lockyer
TER -
Minimum Investment
Initial £5000
Additional £1,000
Savings £50
Charges
Initial 5.00%
Annual Mang't 1.00%
Exit n/a

Risks

Name %
Standard deviation 0.01
Sharpe ratio 0.16

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