JO HAMBRO CM CONTINENTAL EUROPEAN Y GBP

  • 166.80p Price (Inc)
  • - Price (Acc)
  • 5.00% 0.00%

    Initial charge
  • 0.63% Annual management charge
  • 0.70% Ongoing charges
  • 1.40% Yield

Prices as at 20 September 2016 , fund data last updated 15 November 2019

The fund aims to generate long-term capital growth from a portfolio of mainly large and mid-cap European (excluding UK) equities. Fund manager Paul Wild's primary target is consistency, aiming to outperform the benchmark in each calendar year. To achieve this he employs an investment process that combines top-down economic and sector views with bottom-up stock picking - in terms of the latter he is benchmark-aware and fairly style neutral, looking at both growth and value stocks.

Fund summary

Sector
Structure OFFSHORE FUND
Launched
Size £1,030m
Yield 1.40%
Charging basis Income
Dividends paid Acc units only.

Charges

Initial charge 5.00%
Initial charge via Bestinvest 5.00%
Annual management charge 0.63%
Ongoing charges figure 0.70%

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Investment process

The fund’s investible universe is companies with a market cap of at least €250m, though there will be a focus on larger companies (minimum 65% weighting). Ideas are generated by using the manager’s macro and sector views to focus on attractive areas of the market, and by screening on various valuation measures across the universe of stocks. When researching individual companies Wild is pragmatic and will look at both value and growth stocks. Key factors he focuses on are: Quality of management, Company profitability, Competitiveness (market position, brand power, pricing power & industry consolidation), Financial soundness, Relative earnings growth & Relative valuation. In terms of portfolio construction, industry themes are also a driver and will affect decisions on which sectors to overweight and underweight. Wild works principally with his dedicated analyst Gael Colcombet, but can draw on the support of JOHCM's other investment professionals.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

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

Track record

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.

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Portfolio

55-70 stocks, closer to 70 during uncertain markets.

Key Investor Documents

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