Invesco European Equity Income (UK) Y

High yielding fund offering exposure to continental European companies.

  • 225.91p
    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.

  • 286.81p
    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!

  • 0.89%
    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).

  • 0.89%
    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.

  • 2.80%
    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 26 January 2021

The Fund aims to generate a rising level of income, together with long-term capital growth investing primarily into European equities, excluding the UK.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched March, 2014
Size £406m
Yield 2.80%
Charging basis Capital
Dividends paid 30 Jun, 31 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.89%
Ongoing charges figure 0.89%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

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

Oliver Collin / Steve Smith

Collin joined Invesco in July 2014 as an analyst within the Henley Investment Centre's European Equities team. His career started in September 2000 with ING Barings, initially within its graduate programme, before becoming a member of its Institutional Equity Sales team, specialising in Pan European mid-cap equities. In January 2006 he joined Berenberg Bank where he specialised in French mid-cap institutional equity sales. In November 2010 he joined Exane BNP Paribas where he latterly led its Pan European Mid Cap Sales team after becoming a Partner in the firm in November 2011. Collin holds a BSc (Honours) in Economics & Politics from the London School of Economics.

Track record

The track record of Oliver Collin / Steve Smith 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 0.00% ()
Relative 0.00% ()

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

5.7% Sanofi
5.11% Novartis Ag
3.89% Roche Hldg Ag
3.77% Siemens Ag
3.64% Deutsche Telekom Ag
3.56% Deutsche Post Ag
3.36% Edp Energias Portugal
2.99% Enel Spa
2.93% Koninklijke Ahold Delhaize Nv
2.91% Upm-Kymmene Oyj
Source: Trustnet

Sector breakdown

Financials 18.00%
Health Care 16.00%
Industrials 14.00%
Consumer Services 10.00%
Telecommunications 8.00%
Consumer Goods 7.00%
Oil & Gas 7.00%
Utilities 7.00%
Technology 6.00%
Basic Materials 5.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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