Insight UK Discretionary

IMA Sector:

UK All Companies

ISIN:

GB0008479064

Fund Type:

OEIC

127.14p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 12-Feb-2010
  • Change: 0.020p
  • Change %: 0.02%
  • Currency: GBP
  • YTD change: 127.14p
  • YTD %: n/a

Fund Objective

The fund aims to achieve long term capital growth.

View on Past Performance

September was characterised by intense equity market volatility as the worst financial crisis of the modern era unfolded. The month saw both the biggest daily rise and fall on record in the FTSE 100 index, however, the FTSE All-Share index finished the month 13.24% down in sterling, total return terms.The US Treasury's bailout of mortgage lenders Fannie Mae and Freddie Mac sparked a rally in UK stocks early on, before the bankruptcy of Lehman Brothers caused share price collapses in major Financials on both sides of the Atlantic. UK Banks and building societies werehard hit and under severe share price pressure, HBoS agreed a takeover by Lloyds TSB. Stocks surged on news of a large scale bailout plan in the US, while US and UK regulators banned short selling in a number of financial stocksThose gains were wiped out when US lawmakers failed to rubberstamp the bailout plan, and UK markets fell sharply in the aftermath of the nationalisation of the country's largest buy-to-let landlord, Bradford and Bingley. In terms of activity, we added to our holding in Man Group on weakness, doing the same with Dana Petroleum. We trimmed our holding in GlaxoSmithKline as the stock outperformed, taking advantage of the bid for British Energy to exit our position.

Fund Details

Latest Price 127.14p IMA Sector UK All Companies
Currency British Pound Launch Date 06/09/1986
Fund Size n/a Fund Manager Richard Howarth
ISIN GB0008479064 Dividend 0.00p

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Price Info

Date 12-Feb-2010
NAV 127.14p
Currency GBP
Change 0.020p
% 0.02%
YTD change 127.14p
YTD % n/a

Fund Facts

Fund Inception 06/09/1986
Fund Manager Richard Howarth
TER 1.58 (31-Oct-2008)

Fund Reports

Minimum Investment
Initial £3000
Additional £1,000
Savings £100
Charges
Initial 4.00%
Annual Mang't 1.50%
Exit n/a

Risks

Name %
Standard deviation 0.02
Sharpe ratio 0.06

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