Polar Capital Global Insurance I GBP

  • 603.19p
    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.

  • 802.87p
    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?

  • 0.00%

    Initial charge

    Some 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!

  • 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).

  • 0.87%
    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.

  • 1.40%
    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…

Prices as at 22 October 2021

The fund's aim is long term capital growth through investment in companies operating in the international insurance sector. The fund benefits from the experience of Alec Foster, who has spent his entire career, over 40 years in the insurance market. Research is generated internally, leveraging off individual company contacts, and in-house specialist knowledge. Although the fund's performance will be vulnerable to the insurance cycle, it can also be considered as a long term investment. Investors in this fund are exposed to US dollar currency risk.

Fund summary

Sector Financials and Financial Innovation
Structure OFFSHORE FUND
Launched
Size £1,826m
Yield 1.40%
Charging basis
Dividends paid 30 Apr, 31 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.87%

Allocation

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Investment process

The fund's aim is long term capital growth through investment in companies operating in the international insurance sector. Such companies may include, Property/Casualty, Lloyd's vehicles, Re-insurers and Life Assurance companies. The fund can also hold bonds and cash. The manager adopts a bottom up investment style and pays close attention to company value. In depth knowledge of portfolio companies is gained from industry contacts, as well as a short list of firms who specialise in researching the insurance industry. Generally there are four things that the manager considers for a prospective investment: (i) What is the company underwriting; (ii) Are they making an underwriting profit; (iii) Quality of management and (iv) Reserving. The fund's reference benchmark is the MSCI World Insurance Index, the managers are eligible for a performance fee of 10% of any outperformance of the benchmark index.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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.

Allocation

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Sector breakdown

Insurance 100.00%
Insurance 100.00%

Portfolio

The portfolio is focused with 20-30 stocks. The majority of investment opportunities are usually US based.

Key Investor Information - Income

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Key Investor Information - Accumulation

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