Asset Returns Report. Universes and Medians. Quarter

Transcription

1 Asset s Report Universes and s Quarter

2 2 This report provides analysis for one and three year periods to 30 June 2015 on some of the CAMRADATA universes that we see being invested in by the pension and insurance markets. Understanding The Graphs The six plots in the graphs shown in the report are intended to provide a visual interpretation of the riskiness and return of the CAMRADATA Universe. The six boxes can be split into two blocks. The first three boxes are based upon absolute figures and the last three are based upon relative figures. This means that the last three show how the funds within the Universe have performed in direct relation to the Benchmark (figures for the Benchmark are found at zero within these plots). Within each block The first plot represents the percentage return from all funds within the Universe over the time year period. The second plot shows the percentage of risk inherent within these funds over the same period. The third plot combines the elements of risk and return to show the amount of reward provided for every unit of risk taken on within the funds. This shows how efficiently the risk within the funds is being translated into returns. Spread of funds Maximum in Universe Top 25% Benchmark Position Middle 50% Midpoint in Universe Selected Fund Position Bottom 25% Minimum in Universe Each plot contains one icon for the Benchmark. They are intended to give a clear indication of where the benchmarks sits against the performance of the rest of the Universe. Within the relative charts the benchmark always sits at zero. If the zero falls outside of the range of returns it will not be indicated. Introducing CAMRADATA s New IQ Online Tool Expert Investment Analysis at your fingertips Ranking managers on statistical factors across asset classes MULTI ASSET SERIES Investment Research The DGF market deconstructed Diversified growth funds survey Q Contact us now to find out more Tel +44 (0) info@camradata.com Contact us now to find out more Tel +44 (0) info@camradata.com

3 3 Contents Click on the Asset Class title to jump to page 21 European Inc. UK Equity Bonds 22 Global Equity All Cap $ 5 Emerging Markets Gov / Corp Bond 23 Global Equity Core $ 6 European Broad Bonds 24 Global Equity Growth 7 Global Broad Bonds $ 25 Global Equity Value $ 8 Global Broad Bonds 3 to 5 Years Duration $ 26 Japan Equity Yen 9 Global Corporate Broad Bonds $ 27 Pacific Ex-Japan Equity 10 Global Corporate Bonds 3 to 5 Years Duration $ 28 UK Equity 11 Global Money Markets 29 US Equity $ 12 UK Government Bonds Multi-Asset 13 UK Broad Bonds 31 Diversified Growth Multi Asset US Broad Bonds $ US Broad Bonds 3 to 5 Years Duration $ 32 Other Multi Asset Targetting Cash Plus <3% Equity 34 UK Property 17 Asia Ex Japan Equity $ 18 EAFE Equity $ 19 Emerging Markets Equity $ 20 European Ex-UK Equity

4 CAMRADATA Live Universes Bonds

5 : -2.1% Selected Universe, 16 products JPM EMBI GLB.DIVERS COMPOSITE - TOT RETURN IND Emerging Markets Gov / Corp Bond $ : 3.7% JPM EMBI GLB.DIVERS COMPOSITE - TOT RETU JPM EMBI GLB.DIVERS COMPOSITE - TOT RETU

6 European Broad Bonds Selected Universe, 47 products BARCLAYS EURO AGGREGATE (E) : 3.1% : 7.7% BARCLAYS EURO AGGREGATE (E) BARCLAYS EURO AGGREGATE (E)

7 Global Broad Bonds $ Selected Universe, 46 products BARCLAYS GLOBAL AGGREGATE : -1% : 4% BARCLAYS GLOBAL AGGREGATE BARCLAYS GLOBAL AGGREGATE

8 Selected Universe, 18 products BARCLAYS GLOBAL AGGREGATE Global Broad Bonds 3 to 5 Years Duration $ : -1.1% : 3.1% BARCLAYS GLOBAL AGGREGATE BARCLAYS GLOBAL AGGREGATE

9 Selected Universe, 24 products BARCLAYS GLOBAL AGGREGATE Global Corporate Broad Market Bonds $ : 0.5% : 6.7% BARCLAYS GLOBAL AGGREGATE BARCLAYS GLOBAL AGGREGATE

10 Global Corporate Bonds 3 to 5 Years Duration : 7.1% Selected Universe, 9 products BARCLAYS GLOBAL AGG CREDIT - TR SINCE INCEPT. : 7.1% BARCLAYS GLOBAL AGG CREDIT - TR SINCE IN BARCLAYS GLOBAL AGG CREDIT - TR SINCE IN

11 Global Money Markets Selected Universe, 14 products : 0.6% UK BOE LIBID/LIBOR 1 WEEK - MIDDLE RATE : 0.6% UK BOE LIBID/LIBOR 1 WEEK - MIDDLE RATE UK BOE LIBID/LIBOR 1 WEEK - MIDDLE RATE

12 UK Government Bonds Selected Universe, 28 products : 14.4% *FTSE BRIT.GOVT.FIXED ALL STOCKS - TOT RETURN IND : 5% FTSE BRIT.GOVT.FIXED ALL STOCKS - TOT RE FTSE BRIT.GOVT.FIXED ALL STOCKS - TOT RE *Source: FTSE International Limited ( FTSE ) FTSE FTSE is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE is permitted without FTSE s express written consent.

13 UK Broad Bonds Selected Universe, 30 products : 8.5% IBOXX NON-GILTS ALL MATURITIES - TOT RETURN IND : 5.7% IBOXX NON-GILTS ALL MATURITIES - TOT R IBOXX NON-GILTS ALL MATURITIES - TOT R

14 US Broad Bonds $ Selected Universe, 34 products BARCLAYS US AGGREGATE PRICE INDEX : 0.6% : 6.7% BARCLAYS US AGGREGATE PRICE INDEX BARCLAYS US AGGREGATE PRICE INDEX

15 Selected Universe, 26 products BARCLAYS INTM US GVT/CREDIT INDEX US Broad Bonds 3 to 5 Years Duration $ : 1.5% : 6.9% BARCLAYS INTM US GVT/CREDIT INDEX BARCLAYS INTM US GVT/CREDIT INDEX

16 CAMRADATA Live Universes Equity

17 Asia Ex Japan Equity $ Selected Universe, 38 products : 4.4% MSCI AC ASIA PAC EX JP U$ - TOT RETURN IND : 10.9% MSCI AC ASIA PAC EX JP U$ - TOT RETURN I MSCI AC ASIA PAC EX JP U$ - TOT RETURN I

18 EAFE Equity $ Selected Universe, 35 products MSCI EAFE U$ -TOT RETURN IND : -1.8% : 13% MSCI EAFE U$ -TOT RETURN IND MSCI EAFE U$ -TOT RETURN IND

19 Emerging Markets Equity $ Selected Universe, 149 products MSCI EM U$ - Total Index : -4% : 5.8% MSCI EM U$ - Total Index MSCI EM U$ - Total Index

20 European Ex-UK Equity Selected Universe, 30 products : 6.1% MSCI EUROPE EX UK E - TOT RETURN IND (~ ) : 17.1% MSCI EUROPE EX UK E - TOT RETURN IND (~ MSCI EUROPE EX UK E - TOT RETURN IND (~

21 European Inc. UK Equity Selected Universe, 126 products MSCI EUROPE E -TOT RETURN IND : 17.5% : 20% MSCI EUROPE E -TOT RETURN IND MSCI EUROPE E -TOT RETURN IND

22 Global Equity All Cap $ Selected Universe, 152 products MSCI AC WORLD U$ - Total Index : 2.3% : 14.1% MSCI AC WORLD U$ - Total Index MSCI AC WORLD U$ - Total Index

23 Global Equity Core $ Selected Universe, 105 products MSCI WORLD U$ - NET RETURN : 2.5% : 14.6% MSCI WORLD U$ - NET RETURN MSCI WORLD U$ - NET RETURN

24 Global Equity Growth $ Selected Universe, 64 products MSCI AC WORLD U$ - Total Index : 5% : 15.2% MSCI AC WORLD U$ - Total Index MSCI AC WORLD U$ - Total Index

25 Global Equity Value $ Selected Universe, 49 products MSCI WORLD U$ - NET RETURN : -0.2% : 13.7% MSCI WORLD U$ - NET RETURN MSCI WORLD U$ - NET RETURN

26 Japan Equity Yen Selected Universe, 56 products TOPIX - TOT RETURN IND : 32% TOPIX - TOT RETURN IND : 33.1% TOPIX - TOT RETURN IND

27 Pacific Ex-Japan Equity $ Selected Universe, 15 products : 1.7% MSCI AC ASIA PAC EX JP U$ - TOT RETURN IND : 10.4% MSCI AC ASIA PAC EX JP U$ - TOT RETURN I MSCI AC ASIA PAC EX JP U$ - TOT RETURN I

28 UK Equity Selected Universe, 111 products *FTSE ALL SHARE - Total Index : 8.5% : 16.4% FTSE ALL SHARE - Total Index FTSE ALL SHARE - Total Index *Source: FTSE International Limited ( FTSE ) FTSE FTSE is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE is permitted without FTSE s express written consent.

29 US Equity $ Selected Universe, 381 products S&P 500 COMPOSITE - Total Index : 7.6% : 18.1% S&P 500 COMPOSITE - Total Index S&P 500 COMPOSITE - Total Index

30 CAMRADATA Live Universes Multi- Asset

31 Diversified Growth Multi Asset : 6% Selected Universe, 56 products UK INTERBANK 1 MONTH - TOT RETURN IND : 7.3% UK INTERBANK 1 MONTH - TOT RETURN IND UK INTERBANK 1 MONTH - TOT RETURN IND

32 Selected Universe, 15 products UK BOE LIBID/LIBOR 3 MONTH Multi Asset Targeting Cash Plus <3% : 4.5% : 7.2% UK BOE LIBID/LIBOR 3 MONTH UK BOE LIBID/LIBOR 3 MONTH

33 CAMRADATA Live Universes Other

34 UK Property Selected Universe, 9 products : 13.1% *FTSE BRIT.GOVT.FIXED ALL STOCKS - TOT RETURN IND : 9.3% FTSE BRIT.GOVT.FIXED ALL STOCKS - TOT RE FTSE BRIT.GOVT.FIXED ALL STOCKS - TOT RE *Source: FTSE International Limited ( FTSE ) FTSE FTSE is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE is permitted without FTSE s express written consent.

35 Clear and Independent Institutional Investment Analysis We provide institutional investors, including pension funds, insurance companies and consultants, with data and analysis to assess, research and report on their investments. We are committed to fostering and nurturing strong, productive relationships across the institutional investment sector and are continually innovating new solutions to meet the industry s complex needs. Evaluation Service Increasingly institutional investors are expecting a greater level of involvement in investment decision-making processes. Our Evaluation Service gives institutional investors clear, insightful investment analysis to aid betterinformed and joined up discussions with asset managers. Consultancy Service Whether your company is developing a new investment strategy, conducting a manager search or considering a new market to enter, you will require specific data to answer key strategic questions. Our Consultancy Service provides data analytics and bespoke reports, to meet your exact requirements. Solutions Service Solvency II reporting requirements mean insurance companies and their asset managers will be required to produce reports in greater detail than ever before. Our Solutions Service facilitates the production of investment accounting, regulatory, Solvency II-compliant and audit-ready reports for the insurance industry.

36 Important Notice This document is produced by CAMRADATA Analytical Services Ltd ( CAMRADATA ), a company registered in England & Wales with registration number CAMRADATA is neither authorised nor regulated by the Financial Conduct Authority in the United Kingdom nor the Securities and Exchange Commission in the United States of America. This document is not intended to constitute an invitation or an inducement to engage in any investment activity. It is not intended to constitute investment advice and should not be relied upon as such. It is not intended and none of CAMRADATA, its holding companies or any of its or their associates ( CAMRADATA Group ) shall have any liability whatsoever for (a) investment advice; (b) a recommendation to enter into any transaction or strategy; (c) advice that a transaction or strategy is suitable or appropriate; (d) the primary basis for any investment decision; (e) a representation, warranty, guarantee with respect to the legal, accounting, tax or other implications of any transaction or strategy; or (f) to cause the CAMRADATA Group to be an advisor or fiduciary of any recipient of this report or other third party. The content and graphical illustrations contained in this document are provided for information purposes and should not be relied upon to form any investment decisions or to predict future performance. CAMRADATA recommends that recipients seek appropriate professional advice before making any investment decision. This document has been produced by applying quantitative analytics and methodology proprietary to CAMRADATA to universe returns within the CAMRADATA Live database ( base Information ) as at a particular date. CAMRADATA has not independently verified the accuracy or completeness of base Information. CAMRADATA is wholly reliant upon third parties for the accuracy and completeness of base Information and has no duty of care owed to you in relation to such information. The analyses provided in this document are reliant upon base Information and accordingly may be incorrect, inaccurate or out of date. The analytics and methodology used in the production of this document have been designed by CAMRADATA and have not been independently tested or verified. Although the information expressed is provided in good faith, the CAMRADATA Group does not represent, warrant or guarantee that such information is accurate, complete or appropriate for your purposes and none of them shall be responsible for or have any liability to you for losses or damages (whether consequential, incidental or otherwise) arising in any way for errors or omissions in, or the use of or reliance upon the information contained in this document. To the greatest extent permitted by law, we exclude all conditions and warranties that might otherwise be implied by law with respect to the document, whether by operation of law, statute or otherwise, including as to their accuracy, completeness or fitness for purpose. CAMRADATA Analytical Services and its logo are proprietary trademarks of CAMRADATA and are registered in the United Kingdom. Unauthorised copying of this document is prohibited. Copyright CAMRADATA August 2015

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