For investors in Singapore

Horizon Pan European Absolute Return Fund

ISIN
LU0264597617

NAV
EUR 17.27
As of 2023/09/25

1-Day Change
EUR -0.04 (-0.23%)
As of 2023/09/25

Overview

INVESTMENT OBJECTIVE

The investment objective of the Pan European Alpha Fund is to seek long-term capital appreciation through exposure primarily to European equities. At least two-thirds of the Fund’s total assets (after deduction of cash) will be invested in equity securities and equity related instruments (excluding convertible debt securities) of companies that are domiciled in Europe (including the UK) or derive the majority of their revenue from business activities in this region.

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The Investment Manager will adopt a broad range of investment strategies using a diversified range of instruments with a view to enhancing the performance of the Fund. Particularly, the Investment Manager will employ an approach to investment decisions using primarily a Fundamental strategy as further described under the Section ‘General Policies applicable to Funds making active use of derivatives’ of this Prospectus.

The Fund’s approach will be implemented principally through investment in equity securities and contracts-for-difference but may in addition use the following instruments in accordance with the Section ‘Investment Restrictions’ of this Prospectus: options, futures and forwards on stocks and indices, index baskets and derivatives, Real Estate Investment Trusts, warrants, preferred stock, OTC swaps including equity swaps and asset swaps, currency forwards.

On an ancillary basis, and for defensive purposes, the Fund may also invest in government, government agency and corporate bonds and their associated derivative securities, preferred stock and monetary instruments, and may hold cash or treasury bills pending reinvestment. The Investment Manager may from time to time consider hedging currency and interest rate exposure, but will not generally enter into contracts involving a speculative position in any currency or interest rate.

 

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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.

PORTFOLIO MANAGEMENT

Robert Schramm-Fuchs

Portfolio Manager

Industry since 2005. Joined Firm in 2014.

John Bennett

Director of European Equities | Portfolio Manager

Industry since 1987. Joined Firm in 2011.

Performance

Cumulative & Annualised Performance (%)
As of 2023/08/31
A2 EUR (Net) Euro Short Term Rate
 
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
2006/12/01
A2 EUR (Net) -0.92 0.29 -1.37 0.17 0.12 2.12 2.15 2.76 3.31
Euro Short Term Rate 0.31 0.88 1.61 1.96 2.30 0.55 0.33 0.87 -0.97
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2022/06/30)
1.93%
Performance Fee 20% of the 'Relevant Amount'
Hurdle Rate Euro Short Term Rate (€STR) +1%

Portfolio

Top Holdings (As of 2023/08/31)
% of Fund
Novo Nordisk 3.85
Safran 3.71
Airbus 3.69
Shell 3.58
SAP 3.55
Compass Group 3.53
LVMH Moet Hennessy Louis Vuitton 3.47
L'Oreal 3.09
AstraZeneca 2.96
Dassault Systemes 2.78

Documents