IGNIS INTL CARTESIAN ENHANCED ALPHA A DIS GBP - Fund overview
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Overview of
IGNIS INTL CARTESIAN ENHANCED ALPHA A DIS GBP
A Dublin listed UCIT 3 130/30 fund consisting on average of about 20 short and 50 long UK equity positions. The manager tends to short stocks that display low earnings quality, financial weakness and aggressive accounting policies. Long positions tend to be biased towards mid cap stocks and stocks across the market spectrum that display free cash flow, financial strength and good market position. The total of these long-short positions is set at a fixed portion of the portfolio’s value, around 30%, so that the fund is on average long 130% and short 30%. The fund’s net market exposure is always maintained at 100%. Performance target is 4% (net) pa over rolling 3 year period of the FTSE All Share.
Standard Initial Charge
5.00% 2.00%
Invest via Bestinvest
to save 3.00%
Fund summary
| Sector |
UK All Companies
|
| Product type |
OFFSHORE FUND
|
| Launched |
November, 2007
|
| Size |
£40m
|
| Yield |
0.2%
|
| Charging basis |
–
|
| Dividends paid |
–
|
| Bid price(inc) |
115.20p |
| Bid price(acc) |
113.90p |
Fund Charges
|
Standard Initial charge
|
5.00%
|
|
Initial charge via Bestinvest
|
2.00%
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
1.75%
|
|
Total expense ratio
|
1.75%
|
|
Reduction in yield (10yr)
|
1.95%
|