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SIP FIDELITY EUROPEAN MANAGED S7 PF - Fund overview

No Bestinvest rating


Overview of SIP FIDELITY EUROPEAN MANAGED S7 PF

The manager assumed full responsibility for this fund in 2003 having worked closely with the former manager for the last half of 2002. Investors should expect to see some changes to the fund's strategy due to the fund managers value style being less pronounced than the formers style.

Standard Initial Charge

No data available.

Fund summary

Sector  –
Product type  PENSION FUND
Launched  April, 1998
Size  £32m
Yield 0.0%
Charging basis  –
Dividends paid  –
Bid price 253.80p

Fund Charges

Standard Initial charge
Initial charge via Bestinvest
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Total expense ratio 1.24%
Reduction in yield (10yr) 1.24%

Bestinvest says


No information available.

Portfolio

sip fidelity european managed s7 pf asset allocation illustration
Allocation Proportion
Equity 100%
High yield bonds
Quality bonds
Property
Commodities
Hedge
Fund cash
sip fidelity european managed s7 pf equity geographic illustration
Allocation Proportion
UK 0%
Europe 100%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
sip fidelity european managed s7 pf equity capitalisation illustration
Allocation Proportion
Large Caps 80%
Mid Caps 20%
Small Caps

Investment process


The aim is to achieve long-term capital growth by investing in an actively managed portfolio of Continental European equities.
The manager applies a value conscious approach with the emphasis on medium-sized companies but one third of the portfolio is held in market leaders to improve liquidity and to reduce volatility. The stock-driven nature of management implies that the asset and sector allocation is largely incidental and stock holding size also ignores index weights.
Most stocks held are trading on below average ratings, and are often companies where the manager believes that the market has undervalued their growth potential. This might include companies which are undergoing restructuring, or companies which are unfashionable. The manager will also look to exploit industry anomalies, whereby companies in one country are cheaply valued compared to similar companies in other countries.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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