Barings European Growth A

European fund investing in Europe through securities of any country.

  • 1431.00p
    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?

  • 5.00% 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!

  • 1.50%
    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).

  • 1.64%
    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.

  • 1.00%
    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 February 2020, fund data last updated 01 December 2001

The investment objective of the Trust is to achieve capital growth investing in economic sectors in Europe through securities in any country and/or economic sectors throughout the world represented in European markets.

Fund summary

Sector Europe Excluding UK
Structure UNIT TRUST
Launched June, 1983
Size £69m
Yield 1.00%
Charging basis Income
Dividends paid 10 Jul

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.64%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.27%
  • 16/17 -0.12%
  • 17/18 0.67%
  • 18/19 -0.94%
  • 19/20 -0.04%

Bestinvest MRI

  • 3 years -0.10%
  • 5 years -0.03%
  • Career 0.07%
  • 3 years 45.60%
  • 5 years 59.90%
  • Career 96.90%

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

James Buckley

Buckley also manages the Baring Pan European Europa fund and has European research responsibilities for Automotives and Financials in addition to country research for Italy, Greece and Ireland. He joined Baring Asset Management as a Divisional Director in 2005 from Premier Asset Management where he was responsible for the Premier European Growth Fund. Previously he worked at Solus Investment Funds, initially as a senior equity analyst before becoming head of research after six months and a fund manager in May 2002. He has also worked at HSBC Private Clients, Macintyre Hudson Portfolio Management, Knight Williams Unit Trust Managers and Charterhouse Tilney Investment Management. Buckley has a BA (Hons) in English Literature from the University of Ulster (Ireland), a MSc in Investment Analysis from the University of Stirling (Scotland) and an MBA in Business Administration from Cambridge University.

Track record

James Buckley has 17.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.07%. During the worst period of relative performance (from March 2007 - June 2010) there was a decline of 15% relative to the index. The worst absolute loss has been 44%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.

Periods of worst performance

Absolute -44.00% (May 2007 - February 2009)
Relative -15.00% (March 2007 - June 2010)

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 29 November 2019

7.8232% Roche Hldg Ag
7.6237% Asml Holding Nv
7.1369% Nestle Sa
5.1869% Allianz Se
4.9949% Capgemini Se
4.7581% Airbus Se
4.6805% Axa
4.6391% Safran S.a.
4.0418% Crh
3.8231% Dalata Hotel Group Plc
Source: Trustnet

Sector breakdown

Financials 26.00%
Information Technology 20.00%
Industrials 13.00%
Health Care 10.00%
Materials 9.00%
Consumer Staples 7.00%
Consumer Discretionary 7.00%
Energy 6.00%
Communications 2.00%

Key Investor Information

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