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SCHRODER AS AGRICULTURE GBP HEDGED A DIS - Fund overview

No Bestinvest rating


Overview of SCHRODER AS AGRICULTURE GBP HEDGED A DIS

Bestinvest research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. SCHRODER AS AGRICULTURE GBP HEDGED A DIS does not fall into either of these categories at present.

Standard Initial Charge

5.00% 5.00%

Fund summary

Sector  –
Product type  OFFSHORE FUND
Launched  April, 2007
Size  £396m
Yield 0.0%
Charging basis  –
Dividends paid  Acc units only.
Bid price 10,554.00p

Fund Charges

Standard Initial charge 5.00%
Initial charge via Bestinvest 5.00%
Additional bid/offer spread 0.25%
Annual management charge 1.75%
Total expense ratio 1.75%
Reduction in yield (10yr) 2.28%

Bestinvest says


By using primarily futures the manager a large degree of flexibility. By increasing the weighting to cash by up to 30% and buying longer dated futures volatility can be reduced. In the case of the latter, however, the manager is restricted by the underlying liquidity of the commodity which is a problem in several cases in this fund. Since launch the manager has effectively managed the downside of the fund but has failed to participate fully in market rallies. The fund also has a performance fee and is not available to investors using traditional UK platforms. It is also not ISA qualifying.

Portfolio

schroder as agriculture gbp hedged a dis  asset allocation illustration
Allocation Proportion
Equity
High yield bonds
Quality bonds
Property
Commodities 97%
Hedge
Fund cash 3%

No data available.

No data available.

Investment process


The manager is an experience futures trader and will use a number of techniques when managing the fund, such as investing on the flattest part of the futures curve to minimise volatility the cost through the roll yield, to help improve the performance of the fund. Otherwise the characteristics of futures mean that this fund will be volatile. In practice this fund has been volatile but not significantly more so than some of his peers who invest in direct equity. The manager is, however, unlikely to be among the less volatile in the sector.
As part of his process with regard to futures the manager makes use of technical analysis, specifically, Bollinger Bands, Stochastics, Mac-D, PTPS, moving averages and trend lines.
The manager has access to Schroders' considerable macro economists and equity researchers when composing the fund or looking for stock positions.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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