For financial professionals in the UK

European Selected Opportunities Fund

An actively managed fund aiming to capture performance by anticipating the catalysts for change in European (ex UK) companies and industries

ISIN
GB0032437948

NAV
GBP 1,905.00p
As of 30/09/2022

1-Day Change
GBP -24.00p (-1.24%)
As of 30/09/2022

Morningstar Rating

Morningstar Analyst Rating
Morningstar Analyst Rating				Silver


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of capital growth and income over the long term (5 years or more).

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The Fund invests at least 80% of its assets in shares (also known as equities) of companies, of any size, in any industry, in Europe (excluding UK). Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, this region.
The Fund may also invest in other assets including cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the FTSE World Europe Ex UK Index, which is broadly representative of the companies in which it may invest, as this can provide a useful comparator for assessing the Fund's performance. The investment manager has discretion to choose investments for the Fund with weightings different to the index or not in the index.
As an additional means of assessing the performance of the Fund, the IA Europe ex UK sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Portfolio construction blends sector themes with compelling stock-specific stories to provide access to sustainable long-term growth trends
  • The managers look to capture opportunities across all types of market conditions using fundamental research and thought leadership
  • Active portfolio balances core large-cap companies with a selection of mid-cap opportunities to seek additional returns
Past performance does not predict future returns. 
 

RATINGS AND AWARDS

Advisercentre_Awards
Rating-Elite-Fund-rated-by-FundCalibre-w100px
Rating-SMRatingsLogoAA
Alpha Manager - John Bennett
Alpha Manager - John Bennett
©2022 FE fundinfo. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE fundinfo, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE fundinfo, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate. FE fundinfo shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE fundinfo does not guarantee that a fund will perform in line with its FE Investments Approved Rating as it is a reflection of past performance only. Likewise, the FE Investments Approved Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.

PORTFOLIO MANAGEMENT

John Bennett

Director of European Equities | Portfolio Manager

Industry since 1987. Joined Firm in 2011.

Tom O’Hara

Portfolio Manager

Industry since 2006. Joined Firm in 2018.

Tom Lemaigre

Portfolio Manager

Industry since 2014.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/2022
A Acc (Net) FTSE World Europe ex UK TR GBP IA Europe ex UK
 
Quarter End
As of 30/06/2022
Jun-2021 - Jun-2022 Jun-2020 - Jun-2021 Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018
A Acc (Net) -12.77 20.70 4.73 4.65 -0.48
FTSE World Europe ex UK TR GBP -10.08 22.83 0.55 7.93 2.52
IA Europe ex UK -12.50 23.75 0.98 3.33 3.31

Index Description

The FTSE World Europe (Ex UK) Index is a measure of the combined performance of large and medium sized companies from developed and advanced emerging European stock markets excluding the UK. It provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Cumulative & Annualised Performance (%)
As of 31/08/2022
A Acc (Net) FTSE World Europe ex UK TR GBP IA Europe ex UK
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
31/08/1984
A Acc (Net) -1.23 -11.98 -11.43 4.26 3.46 9.11 12.45
FTSE World Europe ex UK TR GBP -2.17 -12.67 -11.52 4.32 3.83 9.51 -
IA Europe ex UK -2.34 -14.31 -14.08 4.09 3.04 9.08 10.29

Index Description

The FTSE World Europe (Ex UK) Index is a measure of the combined performance of large and medium sized companies from developed and advanced emerging European stock markets excluding the UK. It provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
As of 31/12/2021
A Acc (Net) FTSE World Europe ex UK TR GBP IA Europe ex UK
2021 2020 2019 2018 2017
A Acc (Net) 14.80 9.75 21.80 -10.56 11.58
FTSE World Europe ex UK TR GBP 17.40 8.62 20.45 -9.45 17.53
IA Europe ex UK 15.65 10.53 20.38 -12.16 17.44

Index Description

The FTSE World Europe (Ex UK) Index is a measure of the combined performance of large and medium sized companies from developed and advanced emerging European stock markets excluding the UK. It provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

Calendar Year Returns (%)
Year A Acc (Net) Index
2021 14.80 17.40
2020 9.75 8.62
2019 21.80 20.45
2018 -10.56 -9.45
2017 11.58 17.53
2016 15.19 19.69
2015 7.72 5.35
2014 2.56 0.16
2013 26.57 25.18
2012 20.35 17.82
2011 -11.00 -14.71
2010 4.33 5.75
2009 17.95 20.09
2008 -18.82 -23.99
2007 17.08 15.72
2006 20.16 20.13
2005 25.98 24.08
2004 12.67 13.83
2003 24.28 29.74
2002 -22.92 -27.04
2001 -17.25 -20.05
2000 1.23 1.72
1999 41.48 19.86
1998 42.23 31.54
1997 29.20 30.13
1996 16.42 9.06
1995 31.13 23.21
1994 11.11 -0.60
1993 43.69 -
1992 13.62 -
1991 -4.27 -
1990 -16.59 -
1989 51.21 -
1988 20.53 -
1987 -31.06 -
1986 51.52 -
1985 87.93 -
1984 from 1984-08-31 12.80 -
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 30/11/2021)
1.73%

Portfolio

Top Holdings (As of 31/08/2022)
% OF FUND
Novo Nordisk 4.65
TotalEnergies 4.08
UPM-Kymmene 3.95
Nestlé 3.71
LVMH Moet Hennessy Louis Vuitton 3.61
Holcim 3.47
Shell 3.39
BP 2.90
Airbus 2.73
ASML 2.70

Documents

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share/unit class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights