Fact sheet: Premier Multi Asset Global Growth

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.
MIXED ASSET - HIGHER RISK
Sector
UT Flexible Investment
Fund type
OEIC
Primary aim
No data available.
Why Money Observer Rates Premier Multi Asset Global Growth

New for 2017. For investors who are prepared for above-average volatility

Premier offers a range of five multi-asset, multi-manager funds that are all run by David Hambidge and his team. The Global Growth fund seeks long-term capital growth from a diversified multi-asset portfolio of equities, bonds and alternative assets from developed and emerging markets.

The managers warn that it is 'designed for the more adventurous investor and will typically have a significant weighting in equities, including higher-risk emerging market equities'. Its minimum weighting to equities is 75 per cent. Other asset classes such as bonds, property and commodities may also be included.

The managers aim to deliver equity-like returns in the long term, but with less volatility than global equity markets. They point out that another key way in which the portfolio is diversified is through the blend of external funds it invests in, including the different approaches and styles of the underlying fund managers.

The fund has been more volatile than its sector peers in recent years, and the managers say this is likely to remain the case because the fund has an out-and-out growth remit. By contrast, the flexible investment sector is a mixed bag that contains defensive funds as well as some growth-oriented portfolios.

At the end of 2016, the portfolio was invested in over 40 funds. Its highest geographical exposures were to Asian equities (16 per cent), Japanese equities (15 per cent) and emerging market equities (14 per cent).

3 Year Performance
Fund Performance39.6%
Average of Rated Funds Group28.2%
Sector Performance20.2%
Fund information
Fund name
Premier Multi-Asset Global Growth C Inc
Fund manager company
Premier Asset Management
Fund type
OEIC
Fund managers
  • David Thorntonsince 30/09/2012
  • Simon Evan-Cooksince 30/06/2012
  • Ian Reessince 30/06/2012
  • David Hambidgesince 30/06/2012
Accolades
Fund objective
The aim of the Fund is to grow the value of your original investment over the long term.
Benchmark
  • IA Flexible Investment
Investment style
Flexible,Growth
Investment method
None
Quick stats
1 Year return
6.8%
1 Year rank in sector
63/247
Sector
UT Flexible Investment
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.
1.81%
Fund size
£184m (£105m 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.
70
Mid price
190.17
Top in this sector
Fund name1 Year
Neptune Global Alpha17.9%
LF Odey Cont European16.6%
VT Ursus Arctos15.5%
M&G Fund of Inv Trust Shs13.9%
F&C MM Investment Trust13.3%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • UK15%
    Asia14.9%
    Japan14.9%
    Global Emerging Markets13.8%
    Others13.2%
  • Money Market100%
  • UK Equities15%
    Asia Pacific Equities14.9%
    Japanese Equities14.9%
    Global Emerging Market Equities13.8%
    International Equities13.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.5%-2.3%0.7%6.8%39.6%75.3%
Sector-4%-1.4%0.2%4.5%20.2%38.4%
Rank within sector178 / 266216 / 265100 / 26163 / 24710 / 2134 / 183
Quartile3rd4th2nd2nd1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-3.1%14.8%21.8%7%8.4%
Sector-2.6%9.9%12.8%2%4.9%
Rank within sector180 / 26635 / 23823 / 22416 / 21217 / 192
Quartile3rd1st1st1st1st
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.
3.52
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.
1.11
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%.
8.8
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.
2.49
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.
1.85
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.
0.93
Price movement
52 week high199.85
52 week low178.63
Current bid price-
Current offer price-
Current mid price190.17
Region
1UK15%
2Asia14.9%
3Japan14.9%
4Global Emerging Markets13.8%
5Others13.2%
6Europe11%
7Not Specified10.1%
8North America5.8%
9Money Market1.3%
Industry sector
1Money Market100%
Asset type
1UK Equities15%
2Asia Pacific Equities14.9%
3Japanese Equities14.9%
4Global Emerging Market Equities13.8%
5International Equities13.2%
6European Equities11%
7Alternative Investment Strategies7.6%
8North American Equities5.8%
9Alternative Assets1.5%
Individual holdings
1POLAR CAPITAL GLOBAL INSURANCE E INC GBP4.15%
2EVENLODE EVENLODE INCOME C INC3.65%
3HERMES ASIA EX JAPAN EQUITY F ACC GBP3.61%
4EASTSPRING INVESTMENTS SICAV3.59%
5GLG UNDERVALUED ASSETS PROFESSIONAL D INC3.58%
6GLG JAPAN COREALPHA EQUITY I H GBP3.55%
7CC JAPAN INCOME & GROWTH FOUNDER UNHEDGED INC3.43%
8SCHRODER ISF ASIAN TOTAL RETURN C DIS NAV GBP3.34%
9LINDSELL TRAIN JAPANESE EQUITY B DIS JPY3.18%
Management
Fund manager group
Premier Asset Management
Fund manager company
Premier Asset Management
Fund type
OEIC
Fund objective
The aim of the Fund is to grow the value of your original investment over the long term.
Benchmark
  • IA Flexible Investment
Investment style
Flexible,Growth
Investment method
None
Fund managers
NameSinceBiography
David Thornton30/09/2012David joined Premier in May 2006 and currently co-manages a number of discretionary Multi-Asset portfolios. He has research responsibility for the Fixed Interest, European equity, Property and Absolute Return sectors. Previously, David worked for several years as an Investment Analyst before becoming an Investment Manager in 2004, with responsibility for five discretionary multi-manager portfolios. He has a BEng (Hons) in Mechanical Engineering from the University of Bristol, holds the IMC and has completed the Certificate in Financial Planning.
Simon Evan-Cook30/06/2012Senior Investment Manager, Premier Multi-Asset Funds. Simon is co-manager on Premier’s Multi-Asset funds, and researches overseas equity fund sectors. Prior to joining Premier in 2006, Simon held positions at Rothschild, Gartmore and Fidelity. He graduated from Hull University in 1996 with a BSc Honours in Economics and Accounting.
Ian Rees30/06/2012Ian has been with Premier since 2000 and joined the Pooled Funds team in April 2005. Ian was formerly the Senior Research Analyst for Closed End funds and has worked on Global Equity and Utility & Infrastructure.
David Hambidge30/06/2012David Hambidge is Director of Multi-Asset Funds and is part of the fund management team for Premier’s multi-asset fund range. He joined Premier in 1987. David has 27 years of investment experience and has managed multi-asset style funds since 1995. David leads the multi-asset investment team which includes Head of Research Ian Rees who joined in 2000, Investment Managers David Thornton and Simon Evan-Cook who joined in 2006, and Nick Kelsall since 2001. Mark Rimmer joined as the team’s investment specialist in 2015.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
Premier Multi-Asset Global Growth B Inc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)2.06%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price189.75
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6H4
Premier Multi-Asset Global Growth C Acc
Initial charge-
Annual charge0.75%
Min single investment£250,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price195.6
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM25Q
Premier Multi-Asset Global Growth C Inc
Initial charge-
Annual charge0.75%
Min single investment£250,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)1.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price190.17
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGH6G
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.