European Growth Fund

ISIN
GB0030617707

NAV
GBP 237.30p
As of 03/08/2020

1-Day Change
GBP 0.70p (0.30%)
As of 03/08/2020

Morningstar Rating


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 capital growth over the long term.
Performance target: To outperform the FTSE World Europe Ex UK Index, after the deduction of charges, over any 5 year period.

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The Fund invests at least 80% of its assets in shares (also known as equities) of companies, 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 will normally have a strong bias towards medium sized companies.
The Fund may also invest in other assets including Collective Investment Schemes (including those managed by Janus Henderson), 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 forms the basis of the Fund’s performance target. 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 for promotional purposes and does not qualify as an investment recommendation.

AWARDS

Ratings for this fund include:

PORTFOLIO MANAGEMENT

Marc Schartz, CFA

Portfolio Manager

Industry since 2004. Joined Firm in 2016.

Simon Rowe

Portfolio Manager

Industry since 1990. Joined Firm in 2009.

Performance

Past performance is not a guide to future performance. 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 30/06/2020
A Acc FTSE World Europe Ex UK Index IA Europe ex UK Equity
 
Quarter End
As of 30/06/2020
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
-0.71% 1.44% 0.60% 29.39% 8.61%
FTSE World Europe Ex UK Index 0.55% 7.93% 2.52% 29.05% 6.05%
IA Europe ex UK Equity 0.97% 3.33% 3.31% 29.15% 5.10%

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 is the performance target for the Fund and 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 30/06/2020
A Acc (Net) FTSE World Europe Ex UK Index IA Europe ex UK Equity
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
20/07/2001
A Acc (Net) 3.79% -1.12% -0.71% 0.44% 7.32% 9.43% 8.59%
FTSE World Europe Ex UK Index 4.93% -1.92% 0.55% 3.62% 8.77% 9.03% 6.75%
IA Europe ex UK Equity 4.36% -2.05% 0.97% 2.53% 7.90% 8.96% 6.47%

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 is the performance target for the Fund and 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.

FEE INFORMATION
Initial Charge 5.25%
Annual Charge 1.50%
Ongoing Charge
(As of 28/02/2020)
1.69%

Portfolio

Top Holdings (As of 30/06/2020)
% OF FUND
Nestl 3.64
Akzo Nobel 3.37
Novo Nordisk 3.25
Bayer 3.11
Carlsberg 3.06
Sanofi 2.76
Roche 2.71
Sampo 2.61
ASR Nederland 2.60
UPM-Kymmene 2.41

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 is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares 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.
  • 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 class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • You should note that your tax treatment in relation to any investments held outside an ISA will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the Funds in which you have invested.
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