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Contact details

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14th Floor, One Angel Court, London, EC2R 7HJ
44 020 3370 1100 (Dealing)
44 020 3370 1101 (Fax Number)
www.source.info.
invest@source.info

FE Risk Scores

Instrument 1y(%) Growth FE Risk Score
Source STOXX Europe 600 Optimised Insurance 15.4
116
Cash n/a
0
Learn more about using FE Risk Scores>>


Investment objectives

The investment objective of the Fund is to achieve the Target Performance (which is the net total return performance of the Reference Index (being the STOXX Europe 600 Optimised Insurance Index) (less fees, expenses and transaction costs)).The Fund does not intend to make dividend payments. The Reference Index is derived from the STOXX Europe 600 Supersector Insurance Index. The Reference Index provides a representation of STOXX Limited sector leaders based on the Industry Classification Benchmark (ICB). The Reference Index captures equal or improved liquidity and country diversification of the STOXX Europe 600 Index. The Reference Index applies a sector dependent liquidity cap that reduces the weighting of only those constituents whose average daily turnover, as a fraction of its free float marketcap is below the sector average. This hybrid market cap and with the liquidity weighting methodology optimizes the tradability of the Reference Index while retaining the free float market capitalisation weighting across the larger and more liquid constituents. The Reference Index is weighted by free float market capitalisation and the composition and free float weights are reviewed quarterly.

Performance

performance chart
chart
    1m3m6m1y3y5y12m-24m24m-36m36m-48m48m-60m
+1.9 +1.8 +7.3 +15.4 +113.9 +94.3 +27.9 +45.0 -16.0 +8.1
Price
  BidOfferCurrencyYear HighYear LowDateEPICCodeISINCodeCiticodeSEDOLNews
pdf SOURCE STOXX EUROPE 600 OPTIMISED INSURANCE 77.91 EUR 79.25 66.45 18-Dec-2014 n/a IE00B5MTXJ97 HXZ5 B5MTXJ9 company announcements
Detailed fund information
Fund type Exchange Traded Fund
Sector Equity - Financial
Asset ClassEquity
Open/Closed to new business Open
Fund size £110.0m / $171.7m (31-Oct-14)
Launch date08-Jul-2009
Dividends p.a.0
Pricing frequencyDaily
Distributor statusFund distributor status
Peer groups
Region Asset Class Sector
Ireland Equity Equity - Financial
Largest holdings, 31-Oct-2014
Holding (%) Rank Holding (%) Rank
ALLIANZ SE14.161SWISS RE LTD5.946
AXA10.292ASSICURAZIONI GENERALI SPA5.947
ZURICH INSURANCE GROUP LTD9.683AVIVA4.608
PRUDENTIAL PLC6.554LEGAL & GENERAL GROUP3.769
MUNICH RE6.455AEGON NV3.2410
 Total70.61 
Regional weightings, 31-Oct-2014
Region (%) Rank  
UK28.601 28.60% UK
Germany21.702 21.70% Germany
Switzerland19.303 19.30% Switzerland
France11.704 11.70% France
Italy6.305 6.30% Italy
Others5.106 5.10% Others
Netherlands4.207 4.20% Netherlands
Finland3.108 3.10% Finland
Total100.00 
Sector weightings, 31-Oct-2014
Sector (%) Rank  
Life Insurance & Reinsurance56.101 56.10% Life Insurance & Reinsurance
Full Line Insurance, Insurance Brokers, Property & Casualty Insurance43.902 43.90% Full Line Insurance,  Insurance Brokers, Property & Casualty Insurance
Total100.00 

Price total return performance figures are calculated on a mid price to mid price basis. Performance figures are shown in fund’s native currency unless otherwise specified with gross income (dividends) reinvested.

 
 
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Ratios

  1y 3y
Volatility 8.82 14.98
Alpha n/a n/a
Beta n/a n/a
Sharpe 1.39 1.56
Info Ratio n/a n/a
R2 n/a n/a

Fund vs sector

  1y 3y
Position 44 / 74 15 / 66
Quartile 3 1

Downloads

Asset allocation

UK Equities, 28.60%
28.6000% ofUK Equities
German Equities, 21.70%
21.7000% ofGerman Equities
Swiss Equities, 19.30%
19.3000% ofSwiss Equities
French Equities, 11.70%
11.7000% ofFrench Equities
Italian Equities, 6.30%
6.3000% ofItalian Equities
International Equities, 5.10%
5.1000% ofInternational Equities
Dutch Equities, 4.20%
4.2000% ofDutch Equities
Finnish Equities, 3.10%
3.1000% ofFinnish Equities

Sector analysis

Charting

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