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The Managed Fund is an actively managed multi-asset portfolio, which holds a combination of equities, fixed income, property, commodities and cash. The Fund holds between 50-80% of its assets in equities. The asset exposures of the Fund are achieved primarily via:
Equities: The Setanta Global Equity Fund;
Fixed Income: The Setanta Fixed Income Fund;
Property: The Canada Life Property Fund;
Commodities: The ETFS All-Commodities DJ-AIGCI ETC;
Cash: The Setanta Cash Fund
The investment objective of the Fund is to outperform the median of competitor Managed Fund offerings over periods of three years or more.
| 1 month | YTD | 1 Year | 3 Year p.a. | 5 Year p.a. | 10 Year p.a. | |
| Fund | 3.5% | 0.5% | 0.5% | 10.6% | -1.3% | 2.0% |
| Benchmark | N/A | -3.6% | -3.6% | 9.1% | -4.2% | 1.4% |
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Fund | 9.1% | -1.8% | -29.6% | 22.9% | 9.5% | 0.5% |
| Benchmark | 13.3% | -3.9% | -35.6% | 22.0% | 11.3% | -3.6% |
| Company | Sector | % of Fund |
| JOHNSON & JOHNSON | Healthcare | 1.7% |
| PFIZER | Healthcare | 1.6% |
| DCC | Industrials & Materials | 1.6% |
| MICROSOFT | Information Technology | 1.6% |
| CRH | Industrials & Materials | 1.5% |
| MEDTRONIC | Healthcare | 1.4% |
| EXXON MOBIL | Energy | 1.4% |
| TOTAL | Energy | 1.4% |
| BP | Energy | 1.3% |
| ENI | Energy | 1.3% |
| Assets | Fund Weight |
| Equities | 73.5% |
| Fixed Interest | 18.8% |
| Property | 2.8% |
| Cash | 2.5% |
| Commodities | 2.4% |
Kieran joined Setanta in January 2008. He has 25 years investment experience, most recently as Chief Executive Officer of GE Asset Management Ltd. He had been with GE for 13 years, including seven years in Munich as Chief Investment Officer of GE Insurance Solutions. Prior to GE, Kieran worked at ABN Amro in London for nine years in various investment roles, including three years as Head of Investments of Private Banking. Kieran holds a BA from University College Dublin and is a board member of the IAIM.
John Looby re-joined Setanta in 2007 having previously been with the firm from its foundation in 1998 to 2003. John is currently lead manager of our Global Equity suite, manager of our Global Telecom Services and Utilities sector, co-manager of our German Equity Fund and part of our 3-person multi-asset team. He has over 20 years experience in financial markets in roles spanning fixed income, absolute return and equities. With a primary degree in economics from UCD, he also has post-graduate qualifications in statistics and international relations from TCD and DCU, respectively.
David Ryan, CFA joined Setanta in 2003. He has 13 years experience in the asset management industry, covering equity, bond and cash mandates, most recently as a Fixed Interest manager at Swiss Re Asset Management. David’s sector responsibilities include all Fixed Interest & Cash mandates and forms part of our 3-person multi-asset team. He has a BBS Hons. (Finance) from Dublin City University and is a CFA Charterholder.
Performance Source: Setanta Asset Management Limited. Benchmark: Mercer Pooled Group Pension Managed Fund Survey. The actual Fund returns stated (in Euro) are based on the movements in the unit prices of an institutional series of the Fund and are net of management fees.
The Managed Fund, managed by Setanta Asset Management Limited, is a unit-linked offering of Canada Life Assurance (Ireland) Limited. For this life assurance product, investors should refer to the relevant policy conditions.
WARNING: Past performance is not a reliable indicator of future results. The price of units and the income from them may go down as well as up and investors may not get back the amount invested. The return may increase or decrease as a result of currency fluctuations. Forecasts are not a reliable indicator of future performance.
