Barings European Growth A

European fund investing in Europe through securities of any country.

  • 1294.00p
    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 23 October 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 £59m
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 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.88%
  • 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.

Matthew Ward / Paul Morgan

Track record

The track record of Matthew Ward / Paul Morgan 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 -20.00% (February 2020 - March 2020)
Relative -7.00% (February 2020 - September 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

8.5045% Roche Hldg Ag
7.4087% Nestle Sa
5.9518% Asml Holding Nv
4.4059% Capgemini Se
4.3305% Crh
4.1928% Allianz Se
4.0258% Axa
3.8541% Adyen
3.5997% Koninklijke Philips Nv
3.1622% Boliden Ab
Source: Trustnet

Sector breakdown

Information Technology 21.00%
Financials 18.00%
Health Care 15.00%
Consumer Staples 10.00%
Materials 10.00%
Industrials 8.00%
Energy 7.00%
Consumer Discretionary 5.00%
Communications 3.00%
Others 2.00%

Key Investor Information

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