Aviva Investors Continental European Equity 1

Invests in a diversified portfolio of continental European shares.

  • 241.23p
    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!

  • 1.00%
    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).

  • 1.00%
    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.

  • 1.30%
    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 21 October 2020, fund data last updated 27 March 2018

The fund aims to provide long term capital appreciation through diversified investment within and across European equity markets. Allocations to individual markets will vary over time. Individual equity selections is based on price and long term total return prospects.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched June, 1986
Size £150m
Yield 1.30%
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 1.00%
Ongoing charges figure 1.00%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 -0.29%
  • 17/18 -0.12%
  • 18/19 -0.82%
  • 19/20 0.13%

Bestinvest MRI

  • 3 years -0.27%
  • 5 years 0.00%
  • Career -0.28%
  • 3 years 12.30%
  • 5 years 0.00%
  • Career 7.80%

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

Frederic Guignard / Ed Kevis

Kevis joined the investment industry in 2008 and Aviva Investors in 2013. His responsibilities include supporting the day to day running of all other European Equity funds run out of London office. His specialism is in the Support Services sector. Je progressed to his current role in 2015 after working as the assistant fund manager for European Equities, and was initially hired as a support services equity analyst for the European and UK Equity team. He began his career with Lloyds Banking Group, initially joining the Business Specialist Scheme with various roles in corporate lending, strategy and risk management in the Wholesale Banking division, and then moving to the Business Support Unit Investments team, initially in the Portfolio team but later moving to a transaction and portfolio role. Kevis holds a BA (Hons) in Finance Accounting and Management from the University of Nottingham, and an Applied Diploma in Corporate Banking. He has also passed Level 1 of the IMC and is a CFA charterholder.

Track record

Frederic Guignard / Ed Kevis has 4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.28%. During the worst period of relative performance (from October 2016 - March 2020) there was a decline of 14% relative to the index. The worst absolute loss has been 23%.

Periods of worst performance

Absolute -23.00% (January 2018 - March 2020)
Relative -14.00% (October 2016 - March 2020)

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

5.19% Sap Se
2.77% Schneider Electric Se
2.74% Fresenius Medical Care Ag & Co.kgaa
2.55% Axa
2.22% Umicore Sa
.83% Roche Hldg Ag
Source: Trustnet

Sector breakdown

Consumer Goods 19.00%
Health Care 17.00%
Industrials 17.00%
Financials 14.00%
Technology 13.00%
Basic Materials 7.00%
Utilities 5.00%
Consumer Services 3.00%
Oil & Gas 3.00%
Others 1.00%

Key Investor Information

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