ASI Europe ex UK Growth Equity R

Predominantly a large cap Europe (ex UK) fund targeting capital growth.

  • 77.08p
    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.

  • 233.50p
    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?

  • 4.00% 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!

  • 1.30%
    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).

  • 1.38%
    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.

  • 1.10%
    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 02 December 2020, fund data last updated 01 January 2002

The fund aims to provide long term growth and is designed for investors who are looking for exposure to European equity markets, excluding the UK. The fund invests predominantly in the shares of companies listed on European stock markets and is actively managed by the investment team, who will select stocks to try to take advantage of opportunities they have identified.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched November, 1998
Size £64m
Yield 1.10%
Charging basis Income
Dividends paid 30 Apr

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.30%
Ongoing charges figure 1.38%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.13%
  • 16/17 -0.11%
  • 17/18 -0.32%
  • 18/19 -0.21%
  • 19/20 0.60%

Bestinvest MRI

  • 3 years 0.02%
  • 5 years 0.02%
  • Career 0.05%
  • 3 years 71.90%
  • 5 years 74.50%
  • Career 80.20%

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

Jonathan Fearon

Fearon joined Standard Life in 2014 to manage its European Equity Growth Fund along with the European Equity component of the Global Advantage Fund, whilst analysing the European banking sector. He was previously at Ignis Asset Management where he managed two European Equity funds.

Track record

Jonathan Fearon has 6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.05%. During the worst period of relative performance (from December 2015 - May 2019) 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 80%.

Periods of worst performance

Absolute -16.00% (July 2018 - December 2018)
Relative -9.00% (December 2015 - May 2019)

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 30 June 2020

5.6% Nestle Sa
4.4% Asml Holding Nv
4.4% Roche Hldg Ag
3.8% Sap Se
3.8% Axa
3.7% Novo-Nordisk As
3.1% Prosus N.v.
3.1% Schneider Electric Se
3% Rwe Ag(Neu)
3% Enel Spa
Source: Trustnet

Sector breakdown

Industrials 21.00%
Consumer Goods 16.00%
Financials 14.00%
Health Care 13.00%
Technology 11.00%
Consumer Services 8.00%
Utilities 6.00%
Basic Materials 5.00%
Oil & Gas 4.00%
Money Market 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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