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 Performance81.7%
Average of Rated Funds Group47.2%
Sector Performance24.9%
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
30.7%
1 Year rank in sector
7/273
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
£2,857m (£2,222m 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.
102
Top in this sector
Fund name1 Year
VT The Beagle38.1%
MI Chelverton UK Equ Grth37.6%
Unicorn UK Growth36.4%
MFM Bowland33%
SVS Church House DeepValInvts32.7%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK97.8%
    Money Market2.2%
  • Industrials26%
    Financials25.4%
    Consumer Services24.4%
    Consumer Goods10.8%
    Technology4.3%
  • UK Equities97.8%
    Money Market2.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%10.7%19.7%30.7%81.7%189.3%
Sector-1%3.7%8.7%19.1%24.9%74.4%
Rank within sector5 / 2804 / 2803 / 2787 / 2732 / 2591 / 243
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund18.3%10%24.7%8.1%38.4%
Sector8.1%11.2%3.7%0.6%25.7%
Rank within sector6 / 278162 / 2704 / 26213 / 25720 / 250
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.
10.94
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.
1.29
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%.
13.4
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.
8.59
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.
1.36
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.
0.61
Price movement
52 week high303.06
52 week low192.3
Current bid price298.32
Current offer price300.5
Current mid price-
Region
1UK97.8%
2Money Market2.2%
Industry sector
1Industrials26%
2Financials25.4%
3Consumer Services24.4%
4Consumer Goods10.8%
5Technology4.3%
6Telecommunications2.4%
7Money Market2.2%
8Basic Materials1.9%
9Health Care1.8%
Asset type
1UK Equities97.8%
2Money Market2.2%
Individual holdings
1BOOHOO.COM PLC7.7%
2PAYSAFE GROUP PLC6.5%
3ASCENTIAL PLC4.9%
4MELROSE SA4.3%
5SSP GROUP PLC3.8%
6MICRO FOCUS INTERNATIONAL PLC3.7%
7RPC GROUP3.3%
8JD SPORTS FASHION PLC2.9%
9SHAWBROOK GROUP PLC2.9%
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)1.67%
Bid price450.56
Offer price472
Mid price-
CurrencyGBX
Price updated26/06/2017
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)1.67%
Bid price401.68
Offer price420.8
Mid price-
CurrencyGBX
Price updated26/06/2017
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)1.17%
Bid price383.94
Offer price402.21
Mid price-
CurrencyGBX
Price updated26/06/2017
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)1.17%
Bid price239.43
Offer price250.82
Mid price-
CurrencyGBX
Price updated26/06/2017
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)0.85%
Bid price298.32
Offer price300.5
Mid price-
CurrencyGBX
Price updated26/06/2017
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)0.92%
Bid price241.9
Offer price243.67
Mid price-
CurrencyGBX
Price updated26/06/2017
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)0.85%
Bid price165.07
Offer price166.28
Mid price-
CurrencyGBX
Price updated26/06/2017
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)0.85%
Bid price162.02
Offer price163.2
Mid price-
CurrencyGBX
Price updated26/06/2017
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)0.77%
Bid price168.38
Offer price169.61
Mid price-
CurrencyGBX
Price updated26/06/2017
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 price150.3
Offer price151.4
Mid price-
CurrencyGBX
Price updated26/06/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJMVV
Data provided by

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