Fact sheet: Old Mutual UK Mid Cap

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
UK GROWTH
Sector
UT UK All Companies
Fund type
OEIC
Primary aim
No data available.
Why Money Observer Rates Old Mutual UK Mid Cap

New for 2017. Taking a flexible approach through the economic cycle

Medium-sized UK companies are often the frontrunners in the growth stakes and this is the part of the market focused on by this fund, managed by Richard Watts since 2009. Watts works within the company's UK small and mid-cap equities team.

They believe that a flexible style, encompassing a willingness to hold value and/or growth stocks, depending on the conditions and outlook, provides the greatest scope for sustained outperformance. Watts and the team make extensive use of external inputs then overlay this with their own detailed analytical work to identify potential investment opportunities.

Watts first looks at identifying sectors likely to outperform the overall economy. The team studies a wide range of economic and social indicators ranging over the domestic and global scene. This allows Watts to set the overall balance of the portfolio, such as the defensive or cyclical positioning.

When selecting companies to be included in the portfolio, Watts expects that firms will typically meet at least one of three selection criteria: likelihood of a positive earnings revision; re-rating potential; or sustained above-average earnings growth.

The team produces a weekly screen of data for all companies in the mid-capitalisation universe. This is one of the many tools Watts uses to gain investment ideas. In addition to detailed analytical work, meetings with company management are an important part of the process. He and the rest of the team typically conduct around 300-400 meetings a year.

3 Year Performance
Fund Performance90.7%
Average of Rated Funds Group61.6%
Sector Performance38.2%
Fund information
Fund name
Old Mutual UK Mid Cap R Acc GBP
Fund manager company
Old Mutl Glbl Investors(UK)Ltd
Fund type
OEIC
Fund managers
  • Richard Wattssince 01/12/2008
Accolades
Fund objective
To provide capital growth from investing primarily in a portfolio of medium sized UK companies.
Benchmark
  • FTSE 250 (ex ITs) Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
28.9%
1 Year rank in sector
11/272
Sector
UT UK All Companies
Yield
0.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.85%
Fund size
£3,198m (£2,163m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
99
Top in this sector
Fund name1 Year
Unicorn UK Growth37.3%
MI Chelverton UK Equ Grth36.5%
Blackrock Inst Eq UK Sm Cos34.3%
Stan Life Inv UK Opps33.3%
Elite Webb Cap SmCos Inc&Gth32.4%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK99.6%
    Money Market0.4%
  • Industrials27.7%
    Financials24.2%
    Consumer Services22.7%
    Consumer Goods12.1%
    Technology5.8%
  • UK Equities99.6%
    Money Market0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%3.7%11.1%28.9%90.7%159.7%
Sector3.4%2.8%7.7%14.5%38.2%65.2%
Rank within sector274 / 27970 / 27828 / 27711 / 2724 / 2561 / 242
Quartile4th2nd1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund23.3%10%24.7%8.1%38.4%
Sector11.8%11.2%3.7%0.6%25.7%
Rank within sector13 / 275159 / 2654 / 25813 / 25220 / 245
Quartile1st3rd1st1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
10.52
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.14
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.35
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
13.18
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
8.49
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.34
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.6
Price movement
52 week high312.4
52 week low233.33
Current bid price310.15
Current offer price312.29
Current mid price-
Region
1UK99.6%
2Money Market0.4%
Industry sector
1Industrials27.7%
2Financials24.2%
3Consumer Services22.7%
4Consumer Goods12.1%
5Technology5.8%
6Unquoted Investments2.9%
7Health Care2.2%
8Basic Materials2%
9Money Market0.4%
Asset type
1UK Equities99.6%
2Money Market0.4%
Individual holdings
1BOOHOO.COM PLC7.2%
2PAYSAFE GROUP PLC6.7%
3ASCENTIAL PLC5.1%
4SSP GROUP PLC4.1%
53I GROUP4%
6MELROSE INDUSTRIES PLC3.7%
7MICRO FOCUS INTERNATIONAL3.7%
8FEVERTREE DRINKS PLC3.3%
9ASHTEAD GROUP ORD GBP0.103.1%
Management
Fund manager group
Old Mutual
Fund manager company
Old Mutl Glbl Investors(UK)Ltd
Fund type
OEIC
Fund objective
To provide capital growth from investing primarily in a portfolio of medium sized UK companies.
Benchmark
  • FTSE 250 (ex ITs) Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Richard Watts01/12/2008Richard Watts joined OMGI's UK Mid & Small Cap Team as an analyst in 2002 and was appointed deputy manager of the Old Mutual UK Select Mid Cap Fund in July 2006, assuming full responsibility in January 2009. Prior to joining OMGI he was an equity analyst at Orbis Investment Advisory for two years, before which he was a senior associate in the Investment Management division of PriceWaterhouseCoopers. Richard has a BA in Mathematical Sciences from Oxford University (1998) and is a CFA Charterholder. He is an Associate of the Institute of Investment Management & Research.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Old Mutual UK Mid Cap A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price467.3
Offer price489.35
Mid price-
CurrencyGBX
Price updated20/10/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA3I5
Old Mutual UK Mid Cap A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price415.04
Offer price434.63
Mid price-
CurrencyGBX
Price updated20/10/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA3I8
Old Mutual UK Mid Cap P Acc GBP
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price398.84
Offer price417.66
Mid price-
CurrencyGBX
Price updated20/10/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA3I6
Old Mutual UK Mid Cap P Inc GBP
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price246.73
Offer price258.37
Mid price-
CurrencyGBX
Price updated20/10/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGR8W
Old Mutual UK Mid Cap R Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£150,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price310.15
Offer price312.29
Mid price-
CurrencyGBX
Price updated20/10/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA3I7
Old Mutual UK Mid Cap R Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£150,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price248.94
Offer price250.66
Mid price-
CurrencyGBX
Price updated20/10/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGR8X
Old Mutual UK Mid Cap U1 Acc GBP
Initial charge-
Annual charge0.68%
Min single investment£75,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price171.66
Offer price172.84
Mid price-
CurrencyGBX
Price updated20/10/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJMVS
Old Mutual UK Mid Cap U1 Inc GBP
Initial charge-
Annual charge0.68%
Min single investment£75,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price166.66
Offer price167.81
Mid price-
CurrencyGBX
Price updated20/10/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJMVT
Old Mutual UK Mid Cap U2 Acc GBP
Initial charge-
Annual charge0.6%
Min single investment£250,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)-
Bid price175.14
Offer price176.34
Mid price-
CurrencyGBX
Price updated20/10/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJMVU
Old Mutual UK Mid Cap U2 Inc GBP
Initial charge-
Annual charge0.6%
Min single investment£250,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)-
Bid price154.55
Offer price155.62
Mid price-
CurrencyGBX
Price updated20/10/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJMVV
Data provided by

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