BMO Select European Equity 1

Invests primarily in large cap European companies.

  • 207.80p
    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.

  • 1145.00p
    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).

  • 1.90%
    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.

  • 1.50%
    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 25 September 2020, fund data last updated 25 July 2003

The Fund aims to provide capital growth and a high level of income. The Manager seeks to achieve this by investing mainly in a spread of European Equities. The Fund will invest primarily in the main European markets with an emphasis on continental European markets. Investments in the smaller markets and companies may be included.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched November, 1988
Size £463m
Yield 1.50%
Charging basis Income
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

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 1.90%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.40%
  • 18/19 -0.54%
  • 19/20 0.58%

Bestinvest MRI

  • 3 years 0.15%
  • 5 years 0.00%
  • Career 0.19%
  • 3 years 83.20%
  • 5 years 0.00%
  • Career 90.30%

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

Philip Webster

Webster is a Director in BMO’s European Equity team. He joined the company in May 2016 from Aberdeen Asset Management where he was a Senior Investment Manager with the Pan-European Equity Team. He had responsibilities across UK and European mandates while being lead manager of Aberdeen Smaller Companies Income Trust, which he managed for eight years. Webster graduated from the University of Aberdeen with an MA in Economics. He holds the Investment Management Certificate (IMC) and he is a CFA Charterholder.

Track record

Philip Webster has 3.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.19%. During the worst period of relative performance (from June 2018 - January 2019) there was a decline of 9% relative to the index. The worst absolute loss has been 19%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 90%.

Periods of worst performance

Absolute -19.00% (August 2018 - December 2018)
Relative -9.00% (June 2018 - January 2019)

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

7.6% Sap Se
6.1% Novo-Nordisk As
6.1% Air Liquide(L`)
5.8% Delivery Hero Se
5.2% Deutsche Borse Ag
5.2% Asml Holding Nv
5% Ryanair Hldgs
4.6% Schneider Electric Se
4.6% Wolters-Kluwer Nv
4.4% Compagnie Financiere Richemont Sa
Source: Trustnet

Sector breakdown

Consumer Services 26.00%
Consumer Goods 23.00%
Technology 22.00%
Financials 9.00%
Health Care 6.00%
Basic Materials 6.00%
Industrials 5.00%
Money Market 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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