fund
JO Hambro CM Global Select A GBP
Global equity fund
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454.90p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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0.75%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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0.85%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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0.00%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
Fund summary
| Sector | Global |
| Structure | OFFSHORE FUND |
| Launched | September, 2008 |
| Size | £1,649m |
| Yield | 0.00% |
| Charging basis | |
| Dividends paid | 28 Feb |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.85% |
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Investment process
The Fund invests in a portfolio of global equity securities listed on any Recognised Market. The fund aims to be at least 80% invested at all times.
Manager research
Average monthly relative returns
- 16/17 0.20%
- 17/18 -0.06%
- 18/19 -1.27%
- 19/20 -0.40%
- 20/21 -0.19%
Bestinvest MRI
- 3 years -0.62%
- 5 years -0.35%
- Career -0.33%
- 3 years 50.00%
- 5 years 50.00%
- Career 24.50%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Christopher Lees
Formerly based in Boston, Lees returned to London in March 2002 and, in addition to his fund management roles, is also head of Global Research. He joined Baring Asset Management in 1990 as a graduate trainee, and then worked in London with the UK Specialist Investment Team for a year as a stock analyst trainee. Following that he contributed to the asset allocation decisions for US based clients. This US team has a number of mandates and is responsible for assets of around $5 billion. The team meets three times a week to discuss and analyse portfolios.
Track record
Christopher Lees has 5.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.33%. During the worst period of relative performance (from September 2000 - May 2003) there was a decline of 26% relative to the index. The worst absolute loss has been 61%.
Periods of worst performance
| Absolute | -61.00% (August 2000 - January 2003) |
| Relative | -26.00% (September 2000 - May 2003) |
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
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Key Investor Information