For individual investors in Norway

Continental European Fund

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


EUR 12.38
As of 26/01/2022

1-Day Change
EUR 0.21 (1.73%)
As of 26/01/2022

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.



The Fund aims to achieve a long-term return, in excess of the long-term return that is typically achieved from Continental European equity markets, by investing at any given time at least two thirds of its net assets in: 


- companies having their registered office in Continental Europe,

- companies that do not have their registered office in Continental Europe but either (i) carry out a predominant proportion of their business activity in Continental Europe, or (ii) are holding companies which predominately own companies with registered offices in Continental Europe.

The return will be a combination of capital and income returns.



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.


  • 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 is not a guide to future performance. 


John Bennett

Director of European Equities | Portfolio Manager

Industry since 1987. Joined Firm in 2011.


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 31/12/2021
A1 EUR (Net) MSCI Europe (ex UK) NR
Quarter End
As of 31/12/2021
Dec-2020 - Dec-2021 Dec-2019 - Dec-2020 Dec-2018 - Dec-2019 Dec-2017 - Dec-2018 Dec-2016 - Dec-2017
A1 EUR (Net) 23.02 3.58 28.72 -10.99 7.45
MSCI Europe (ex UK) NR 24.44 1.75 27.10 -10.86 11.40
Cumulative & Annualised Performance (%)
As of 31/12/2021
A1 EUR (Net) MSCI Europe (ex UK) NR
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
A1 EUR (Net) 5.39 23.02 23.02 17.93 9.42 11.45 7.54
MSCI Europe (ex UK) NR 5.32 24.44 24.44 17.18 9.83 11.26 6.90
A1 EUR (Net) MSCI Europe (ex UK) NR
2017 2018 2019 2020 2021
A1 EUR (Net) 7.45 -10.99 28.72 3.58 23.02
MSCI Europe (ex UK) NR 11.40 -10.86 27.10 1.75 24.44


Top Holdings (As of 30/11/2021)
% of Fund
Holcim 5.15
TotalEnergies 5.03
Roche 4.07
ASML 3.99
UPM-Kymmene 3.97
Novo Nordisk 3.63
Nestl 3.54
LVMH Moet Hennessy Louis Vuitton 3.43
Nordea Bank Abp 2.92
Koninklijke Ahold Delhaize 2.51


  • 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.
  • 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 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.
  • Information on compliance with EU sustainable related disclosures can be found here.
  • 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.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved, you may wish to consult a financial adviser.
  • If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.
  • Summary of Investor rights