NEPTUNE GLOBAL LONG/SHORT SECTOR - Fund overview
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Overview of
NEPTUNE GLOBAL LONG/SHORT SECTOR
The investment objective of the fund is to generate capital growth from a portfolio of global equities. The fund invests in sectors rather than individual stocks, accessing them via derivatives, with the weights in each sector dependent on Neptune’s top-down views. The fund may take “short” positions in sectors in which it has a negative view, enabling it to benefit from falls in value.
Standard Initial Charge
5.00% 0.00%
Invest via Bestinvest
to save 5.00%
Fund summary
| Sector |
Specialist
|
| Product type |
OEIC
|
| Launched |
November, 2011
|
| Size |
£3m
|
| Yield |
0.0%
|
| Charging basis |
Income
|
| Dividends paid |
Acc units only.
|
| Bid price |
95.44p |
Fund Charges
|
Standard Initial charge
|
5.00%
|
|
Initial charge via Bestinvest
|
0.00%
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
1.75%
|
|
Total expense ratio
|
1.75%
|
|
Reduction in yield (10yr)
|
1.75%
|
Bestinvest says
No information available.
Portfolio
| Allocation |
Proportion |
|
|
Equity |
120%
|
|
High yield bonds |
–
|
|
Quality bonds |
–
|
|
Property |
–
|
|
Commodities |
–
|
|
Hedge |
0%
|
|
Fund cash |
-20%
|
|
Allocation
|
Proportion
|
|
|
|
|
UK
|
16%
|
|
|
Europe
|
6%
|
|
|
Nth America
|
20%
|
|
|
Japan
|
2%
|
|
|
Pacific
|
29%
|
|
|
Other Equity
|
27%
|
|
Allocation
|
Proportion
|
|
|
|
|
Large Caps
|
80%
|
|
|
Mid Caps
|
15%
|
|
|
Small Caps
|
5%
|
View all performance data for NEPTUNE GLOBAL LONG/SHORT SECTOR
Investment process
Neptune believe the world is best viewed at a sector level rather than a regional level, and each of their analysts specialises in an individual sector. The house process, used on all their funds, evaluates sectors globally compared to the economic environment to decide which are likely to perform going forward.
However, there is no stock selection on this fund – it invests solely in baskets of companies, selected to be representative of their sectors. The baskets comprise large, liquid stocks, but are accessed via swaps (a type of derivative) rather than the individual equities. The weighting in each sector is determined by Neptune’s top-down views – the managers will overweight sectors they expect to outperform and underweight sectors they expect to underperform. Where the view is extremely negative the fund can short sectors.
Net market exposure depends on how bullish Neptune are – it will normally be around 120%, i.e. the fund would rise by 1.2 times any market rise, all other things being equal, though conversely this positioning would exaggerate market falls. However, the fund can be net short, i.e. have negative market exposure.