Standard Life Global Equity Unconstrained Accumulation Units
At a glance
| Initial charge | 4.00% |
|---|---|
| Initial saving | 4.00% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.59% |
| Launch date | 16-11-1998 |
| Launch price | £0.50 |
| Sector | Global Growth |
| Fund size | £37 million |
| Number of holdings | 53 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
According to Lance Phillips, the volatility in global markets has provided some attractive opportunities to buy into companies where investors have become overly pessimistic. The fund has holdings in selective financial companies like Barclays and RBS which have fallen to distressed levels but he feels they offer great long term value. This has impacted on short term performance but the fund is positioned to benefit from any market recovery.
Full research
About the Fund Manager
Lance Phillips
Located in: Edinburgh
As Head of Overseas Equities, Lance Phillips is responsible for direct management of the global equities asset class and oversight of the equity asset classes other than UK equities.
After graduating from St John's College, Oxford and Harvard Business School, Lance began his career with Bain & Co as a Strategy Consultant in 1986. He moved to Grosvenor Ventures as an Investment Manager in 1991, before returning to Bain & Co in 1993. In 1995, Lance was appointed Utilities Sector Investment Banker with MC-BBL Securities, taking a similar role with Deutsche Bank in 1997. 1999 saw Lance move to UBS Asset Management as Executive Director, Global Growth Equities before joining Standard Life Investments in June 2001 as Global Head of Stock Selection.
Income details
| Running yield | 0.47% (net) |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. The information is correct as at 30-11-2007.
Distribution dates
| Ex-dividend date | 28 February 2008 |
|---|---|
| Payment date ³ | 30 April 2008 |
Top 10 holdings
| BNP Paribas S.A. | 2.75% |
|---|---|
| CNX Gas | 2.73% |
| Zurich Financial Services AG | 2.59% |
| CVS Caremark | 2.59% |
| Exelon Corp. | 2.56% |
| Union Pacific Corp. | 2.55% |
| EOG Resources | 2.53% |
| Aryzta AG | 2.48% |
| Compass Group | 2.47% |
| Banco Santander S.A. | 2.37% |
Top 10 sectors
| Banks | 12.07% |
|---|---|
| Travel & Leisure | 10.12% |
| Oil & Gas Producers | 7.51% |
| Food Producers | 6.86% |
| Health Care Equipment & Services | 6.37% |
| Technology Hardware & Equipment | 5.07% |
| Software & Computer Services | 4.87% |
| Industrial Engineering | 4.77% |
| Financial Services | 4.44% |
| Oil Equipment, Services & Distribution | 4.15% |
Top 10 countries
| United States | 34.37% |
|---|---|
| United Kingdom | 21.01% |
| Switzerland | 7.86% |
| Germany | 5.28% |
| Spain | 4.45% |
| China | 4.07% |
| Italy | 3.61% |
| Norway | 3.24% |
| India | 3.16% |
| France | 2.75% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 03-12-2008. Data accurate as at 31/10/2008.
