ASI Europe ex UK Equity I

A concentrated portfolio of continental European equities.

  • 279.64p
    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?

  • 0.00%

    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).

  • 0.91%
    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.

  • 0.40%

    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 11 June 2021

The Fund aims to to grow your capital by investing mostly in European companies, but with minimal investment within the UK. The manager will invest in European companies which offer good prospects for growth, whilst also taking opportunities to invest in European countries that are still developing their economies.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched October, 2009
Size £573m
Yield 0.40%
Charging basis Income
Dividends paid Acc units only


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.91%


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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.18%
  • 17/18 0.18%
  • 18/19 0.82%
  • 19/20 0.74%
  • 20/21 -0.50%

Bestinvest MRI

  • 3 years 0.35%
  • 5 years 0.21%
  • Career 0.25%
  • 3 years 90.50%
  • 5 years 90.20%
  • Career 94.70%

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

Ben Ritchie

Ritchie was appointed Aberdeen’s Head of UK and European Equities in 2016. Alongside a generalist role acts as deputy investment manager on the property share fund. He joined Aberdeen in 2002 as a graduate having interned with Aberdeen in 2000 and 2001. Ritchie graduated with a BA (Hons) in Modern History and Politics from Pembroke College, University of Oxford and is a CFA charterholder.

Track record

Ben Ritchie has 5.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.25%. During the worst period of relative performance (from May 2020 - March 2021) there was a decline of 9% 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 95%.

Periods of worst performance

Absolute -16.00% (August 2018 - December 2018)
Relative -9.00% (May 2020 - March 2021)

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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Top 10 holdings

Data accurate as at 31 July 2020

5.5% Asml Holding Nv
5.5% Nestle Sa
5.4% Novo-Nordisk As
4.7% Ubisoft Entertainment
4.7% Deutsche Borse Ag
4.4% Prosus N.v.
4.2% Sap Se
3.9% Pernod-Ricard
3.9% Kerry Group Plc
3.8% Heineken Nv
Source: Trustnet

Sector breakdown

Information Technology 26.00%
Consumer Staples 25.00%
Financials 12.00%
Health Care 10.00%
Industrials 10.00%
Consumer Discretionary 7.00%
Communications 5.00%
Mutual Funds 3.00%
Others 2.00%

Key Investor Information