fund
ASI Europe ex UK Equity I
A concentrated portfolio of continental European equities.
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264.22p
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.
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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?
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0.00%
Initial chargeSome 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!
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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).
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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.
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0.40%
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…
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 | £444m |
| Yield | 0.40% |
| Charging basis | Income |
| Dividends paid | Acc units only |
Charges
| 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% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.06%
- 18/19 0.53%
- 19/20 0.48%
- 20/21 0.45%
Bestinvest MRI
- 3 years 0.49%
- 5 years 0.30%
- Career 0.32%
- 3 years 96.10%
- 5 years 95.80%
- Career 97.10%
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 5.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.32%. During the worst period of relative performance (from September 2016 - August 2017) 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 97%.
Periods of worst performance
| Absolute | -16.00% (August 2018 - December 2018) |
| Relative | -6.00% (September 2016 - August 2017) |
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.
Allocation
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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