For investors in Singapore

Horizon Euroland Fund

An actively managed strategy aiming to deliver capital growth through the identification of good quality, but undervalued, firms operating/based in the Euroland

ISIN
LU1291149836

NAV
SGD 16.10
As of 2023/09/21

1-Day Change
SGD -0.17 (-1.04%)
As of 2023/09/21

Overview

INVESTMENT OBJECTIVE

The investment objective of the Euroland Fund is to seek long-term capital appreciation by investing at least 75% of its total assets in equity securities of companies incorporated or having their principal business activities in Euroland countries (i.e. countries having adopted the Euro as their national currency in the member states of the European Monetary Union).

Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.

ABOUT THIS FUND

  • A disciplined investment process, developed by the fund manager in 1988, that sets aside sentiment in order to benefit from market mispricing
  • Investment process combines bottom-up analysis with qualitative overview that helps the team control risk while seeking to maximise performance
  • Seeks superior companies with established track records that are priced at a level that does not reflect their intrinsic value or future prospects

RATINGS AND AWARDS

For further details, please refer to Awards page.

PORTFOLIO MANAGEMENT

Nick Sheridan

Portfolio Manager

Industry since 1986. Joined Firm in 2009.

Performance

Cumulative & Annualised Performance (%)
As of 2023/08/31
A2 HSGD (Net) A2 HSGD (With Sales Charge)* MSCI EMU NR
 
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
2015/10/20
A2 HSGD (Net) -2.50 3.74 2.44 15.76 18.95 11.75 6.23 - 6.48
A2 HSGD (With Sales Charge)* -7.38 -1.45 -2.68 9.97 13.01 9.85 5.14 - 5.78
MSCI EMU NR -2.95 4.06 4.93 16.62 25.66 6.71 3.89 - 4.95
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2022/06/30)
1.87%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate MSCI EMU Net Return EUR Index

Portfolio

Top Holdings (As of 2023/08/31)
% of Fund
ASM International 5.00
Sanofi 4.30
TotalEnergies 4.21
RELX 4.20
Deutsche Post 3.74
STMicroelectronics 3.69
Koninklijke Ahold Delhaize 3.37
Publicis Groupe 3.15
Siemens 2.94
Deutsche Telekom 2.86

Documents