ASI European Smaller Companies A

Invests in UK and European companies valued at less than £5bn.

  • 1979.78p
    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!

  • 1.20%
    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).

  • 1.34%
    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.

  • 0.30%
    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 13 August 2020, fund data last updated 01 November 2001

The investment objective is to grow your capital by investing mostly in European (including the UK) smaller companies. These companies are generally those valued at less than €5 billion at the time of investment.

Fund summary

Sector European Smaller Companies
Structure OEIC
Launched April, 2006
Size £60m
Yield 0.30%
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 1.20%
Ongoing charges figure 1.34%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 -0.04%
  • 19/20 -0.40%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.14%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Andrew Paisley

Andrew Paisley joined Standard Life in August 2014. Prior to this he was at SWIP as an investment director on the equity team responsible for managing funds in the mid cap sector in the UK. Before joining SWIP in 2011, he worked at Kempen where he was responsible for managing Euro 400m of pan-European small cap assets. Prior to this he spent seven years at Edinburgh Fund Managers (subsequently Aberdeen Asset Management) where he was responsible for managing £500m of UK smaller companies assets including the Dunedin Smaller Companies Investment Trust. After graduating with an honours degree in law from Edinburgh University in 1994, Paisley spent 3 years with a leading accountancy firm gaining his Chartered Accountancy qualification.

Track record

The track record of Andrew Paisley in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -11.00% (February 2014 - July 2014)
Relative -5.00% (June 2013 - July 2014)

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 January 2020

5.3% Aveva Group
4.6% Amplifon Spa
4.6% Nemetschek Se
3.9% Interparfums
3.6% Do & Co Restaurants & Caterung Ag
3.3% Dechra Pharmaceuticals
3.3% Tecan Group Ag
3% Diploma
2.7% Grenke Ag
2.6% Addtech Ab
Source: Trustnet

Sector breakdown

Health Care 25.00%
Industrials 18.00%
Information Technology 16.00%
Financials 12.00%
Consumer Discretionary 9.00%
Consumer Staples 6.00%
Communications 4.00%
Mutual Funds 4.00%
Materials 2.00%
Real Estate 2.00%

Key Investor Information

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