1. Search
  2. Invesco European Smaller Companies (UK) Y

fund

Invesco European Smaller Companies (UK) Y

Europe ex UK small cap equity fund managed since 2004 by Adrian Bignell.

  • 373.89p
    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?

  • 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!

  • 0.90%
    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).

  • 0.90%
    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.

  • 0.30%
    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 07 May 2021

This fund aims to achieve capital growth through a portfolio of investments in smaller European companies, excluding the United Kingdom. To achieve this the fund's manager applies a fundamental approach to selecting equities, considering global economic and industrial trends (top down research), as well as examining a company in its own right (bottom up investing).

Fund summary

Sector European Smaller Companies
Structure OEIC
Launched March, 2014
Size £167m
Yield 0.30%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.90%
Ongoing charges figure 0.90%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

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 0.50%
  • 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.

Erik Esselink / James Matthews

Based in London, Esselink specialises in the research and management of small- and mid-cap companies. His career started in 1997 with ING Barings in Amsterdam, where he worked within the Institutional Equity Sales team for three years, specialising in Dutch equities. In 2000, he worked with Morgan Stanley, most recently as a pan European small- and mid-cap specialist salesperson and covered their institutional equity sales into the Benelux region. He joined Invesco in October 2007. Esselink graduated from the Rotterdam School of Economics (HES) where he studied Commercial Economics. He is fluent in English and Dutch with a working knowledge of French and German.

Track record

The track record of Erik Esselink / James Matthews 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% (January 2017 - October 2020)
Relative -3.00% (March 2021 - April 2021)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 July 2020

4.32% Signify Nv
3.26% Tkh Group
3.07% Soitec
2.79% X-Fab Semiconductor Foundries Ag
2.66% Seb Sa
2.66% Acciona Sa
2.63% Elekta
2.57% Compugroup Medical Se
2.47% Ffp
2.39% Scor Sa
Source: Trustnet

Sector breakdown

Industrials 25.00%
Business Services 19.00%
Technology 19.00%
Financials 15.00%
Basic Materials 9.00%
Consumer Goods 7.00%
Retail 6.00%

Key Investor Information

Download