Allianz Europe Equity Growth P GBP

  • 247839.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.75%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.80%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 17 February 2020

Fund summary

Sector Europe Including UK
Structure OFFSHORE FUND
Launched January, 2012
Size £5,929m
Yield 0.00%
Charging basis
Dividends paid Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.75%
Additional bid/offer spread -11.90%
Annual management charge 0.75%
Ongoing charges figure 0.80%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.53%
  • 20/21 1.11%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 1.02%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 99.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Thorsten Winkelmann

Winkelmann joined the company in 2001 as a Junior Portfolio Manager in our Multi Asset team where he was responsible for managing the equity portions of our Balanced products. In 2006, he became a member of the Large Cap European Equity team located in Frankfurt, where he managed several European Core funds. In October 2009, Winkleman became the Co-Investment Style Leader for Growth and took over responsibility for the European Growth funds. He graduated with a master’s degree in economics from the University of Bonn in 2001.

Track record

Thorsten Winkelmann has 2.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +1.02%. During the worst period of relative performance (from December 2010 - February 2011) there was a decline of 6% relative to the index. The worst absolute loss has been 16%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -16.00% (April 2011 - September 2011)
Relative -6.00% (December 2010 - February 2011)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Key Investor Information

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