AXA UK Opportunities Acc R NAV

IMA Sector:

UK All Companies

ISIN:

GB0030019250

Fund Type:

OEIC

114.50p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 12-Aug-2014
  • Change: 22.74p
  • Change %: n/a
  • Currency: GBP
  • YTD change: 22.74p
  • YTD %: n/a

Fund Objective

To achieve capital growth in the medium to long term.

View on Past Performance

October was characterised by sharp fluctuations in all equity, bond, currency and commodity markets. Increased evidence emerged across the world of slowing levels of economic activity, and stress arising from the fallout of the credit crisis. The IMF was called in to provide support and advice to Hungary, Iceland, Ukraine and Pakistan. The US Federal Reserve also provided extensive lines of dollars to a number of countries.Interest rates were reduced in the USA and UK. Expectations are high for a further reduction in short term interest rates. The UK government announced plans to inject £37bn of additional capital into the UK banks through the issue of ordinary and preference shares. Toward the month end Barclays Bank announced a £7bn funding package, and Centrica launched a £2.2bn rights issue. The FTSE All share Index returned -11.9%.The FTSE 100 returned -10.5%, outpacing both the FTSE 250 and FTSE Small Cap indices which each fell approximately 20%. The best performing sectors were Oil & Gas and Healthcare. The bank, life insurance and mining sectors were among the weakest sectors, reflecting the global macro trends. In the current difficult economic environment, we are likely to continue with our strategy of focusing on defensive companies.Accordingly the Fund's main overweight positions are in companies in the utilities, tobacco and telecommunications sectors. We remain underweight in financial sectors.

Future Expectations

In the current difficult economic environment, we are likely to continue with our strategy of focusing on defensive companies. Accordingly the Fund's main overweight positions are in companies in the utilities, tobacco and telecommunications sectors. We remain underweight in financial sectors.

Fund Details

Latest Price 114.50p IMA Sector UK All Companies
Currency British Pound Launch Date 15/01/2001
Fund Size n/a Fund Manager Stuart Fowler
ISIN GB0030019250 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-Aug-2014
NAV 114.50p
Currency GBP
Change 22.74p
% n/a
YTD change 22.74p
YTD % n/a

Fund Facts

Fund Inception 15/01/2001
Fund Manager Stuart Fowler
TER 1.56 (31-Jan-2008)

Fund Reports

Minimum Investment
Initial £1000
Additional £500
Savings £50
Charges
Initial 5.00%
Annual Mang't 1.50%
Exit n/a

Risks

Name %
Standard deviation 0.02
Sharpe ratio 0.10

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