Invesco Emerging European (UK) Y

Invests in eastern Europe including Russia.

  • 274.60p
    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.

  • 345.71p
    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!

  • 1.12%
    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).

  • 1.12%
    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.

  • 3.50%
    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 01 March 2021

The Invesco Perpetual Emerging European Fund aims to achieve long-term capital growth from investment primarily in shares of companies in Emerging European Countries, and also in Russia. The Fund is actively managed within its objectives and is not constrained by a benchmark.

Fund summary

Sector Specialist
Structure OEIC
Launched March, 2014
Size £12m
Yield 3.50%
Charging basis Income
Dividends paid 30 Sep

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.12%
Ongoing charges figure 1.12%

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Investment process

The Fund aims to achieve long-term capital growth from investment primarily in shares of companies in Emerging European Countries, and also in Russia. In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments.

Manager research

Average monthly relative returns

  • 16/17 0.24%
  • 17/18 0.04%
  • 18/19 -0.52%
  • 19/20 0.04%
  • 20/21 0.46%

Bestinvest MRI

  • 3 years -0.01%
  • 5 years 0.05%
  • Career 0.13%
  • 3 years 62.90%
  • 5 years 73.90%
  • Career 85.80%

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

Nicholas Mason

Based in Henley-on-Thames, Mason joined Invesco Perpetual in September 2006 as a senior analyst/trainee fund manager within the Emerging Markets Equities team, specialising in Latin America, becoming a fund manager in August 2008. He began his investment career in the Global Growth Equities division at Putnam Investments in 1999, supporting a team of fund managers with equity research and portfolio analysis. From 2003, he worked as an investment strategist in the Development Department of the Scottish Executive, where he developed a strategic investment framework for the allocation of housing and area regeneration funds. He graduated with a BSc in Political Science from the Massachusetts Institute of Technology (MIT) and an MSc (Research) in Political and Social Studies from the University of Edinburgh. Mason holds the IMC qualification from the CFA Society of the UK.

Track record

Nicholas Mason has 7.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.13%. During the worst period of relative performance (from June 2017 - October 2019) there was a decline of 13% relative to the index. The worst absolute loss has been 33%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 86%.

Periods of worst performance

Absolute -33.00% (November 2013 - December 2014)
Relative -13.00% (June 2017 - October 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

8.98% Sberbank Of Russia
8.27% Lukoil Pjsc
6.93% Novatek Pao
5.81% Gazprom Pjsc
4.96% Mmc Norilsk Nickel Pjsc
4.01% Mobile Telesystems Pjsc
3.83% Tatnefteprom
3.78% Otp Bank
3.63% Powszechny Zaklad Ubezpieczen Sa
3.25% Rosneft Oil Co
Source: Trustnet

Sector breakdown

Energy 34.00%
Financials 28.00%
Materials 14.00%
Communications 8.00%
Consumer Staples 6.00%
Industrials 5.00%
Money Market 2.00%
Consumer Discretionary 2.00%
Real Estate 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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