Barings German Growth I

Single country specialist equity fund targeting capital growth.

  • 743.70p Price (Inc)
  • 874.80p Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 0.81% Ongoing charges
  • 1.40% Yield

Fund data last updated 21 November 2019

The fund aims to produce a capital return in excess of the FTSE German TR GBP by investing in listed German companies. Fund manager Robert Smith is based in London and seeks to generate alpha predominantly by investing in mid and small companies where he believes there is a greater chance of outperforming. Smith has the extensive resource of Barings to back up his own work which he uses fully.

Fund summary

Sector Specialist
Structure UNIT TRUST
Launched March, 2013
Size £401m
Yield 1.40%
Charging basis Income
Dividends paid 24 Jul

Charges

Initial charge 0.00%
Initial charge via Bestinvestt 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.81%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.76%
  • 15/16 -0.31%
  • 16/17 0.65%
  • 17/18 -0.12%
  • 18/19 -0.40%

Bestinvest MRI

  • 3 years 0.04%
  • 5 years 0.12%
  • Career 0.25%
  • 3 years 68.10%
  • 5 years 82.90%
  • Career 98.70%

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

Robert Smith

Smith, Head of the Industrials Global Sector Team, joined Baring Asset Management in 1998. He transferred to the UK & Europe Equity Team in 2000 and to the Pan Euro Small and Mid Cap Team in 2004. Smith was appointed Divisional Director in 2005. Before joining Baring Asset Management, he worked with HSBC Asset Management and at Dresdner RCM Global Investors. Smith is a member of the Society of Technical Analysts and has passed the Securities Institute Diploma. He received the Investment Management Certificate in 1995 and was awarded the SFA registered representative in 1991.

Track record

Robert Smith has 10.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.25%. During the worst period of relative performance (from January 2018 - December 2018) there was a decline of 9% relative to the index. The worst absolute loss has been 29%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.

Periods of worst performance

Absolute -29.00% (June 2011 - September 2011)
Relative -9.00% (January 2018 - December 2018)

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.

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Top 10 holdings

Data accurate as at 30 August 2019

9.4431% Sap Se
8.6648% Airbus Se
6.8959% Allianz Se
6.2628% Deutsche Telekom Ag
5.9731% Northern Trust Global Fds Plc(The) Euro Liquidity Acc Shares A Eur
5.8202% Siemens Ag
3.9919% Deutsche Post Ag
2.8898% Heidelbergcement Ag
2.8373% Lanxess Ag
2.8107% Wirecard Ag
Source: Trustnet

Sector breakdown

Industrials 32.00%
Information Technology 24.00%
Materials 12.00%
Communications 8.00%
Health Care 7.00%
Consumer Discretionary 6.00%
Financials 5.00%
Money Market 5.00%
Utilities 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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