MFS Meridian Continental European Equity A1 GBP

Targets capital growth from European equities.

  • 1476.00p
    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?

  • 6.00% 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).

  • 2.06%
    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.

  • 0.00%
    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 30 June 2005

Fund summary

Sector Europe Excluding UK
Structure OFFSHORE FUND
Launched February, 2006
Size £17m
Yield 0.00%
Charging basis
Dividends paid

Charges

Standard initial charge 6.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 2.06%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.33%
  • 16/17 -0.24%
  • 17/18 0.70%
  • 18/19 0.03%
  • 19/20 0.31%

Bestinvest MRI

  • 3 years 0.34%
  • 5 years 0.22%
  • Career 0.21%
  • 3 years 96.50%
  • 5 years 92.10%
  • Career 97.40%

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

Matthew Barrett

Barrett, ASIP, is an Investment Officer and Equity Portfolio Manager at MFS Investment Management (MFS), managing the firm's European Equity Ex-UK strategy. He is also an Equity Analyst and leads the firm's European research coverage of consumer staples stocks. He is based in MFS' London office. He joined MFS in 2000 and became a research analyst in 2001. He was named portfolio manager in 2008. Prior to joining MFS, he was an associate director specialising in Asian equities for Newport Capital Ltd. Barrett earned a Bachelor's Degree from University College in London and holds a Masters of Business Administration from the London Business School. He is a member of the CFA Society of the UK and an associate of the Society of Investment Professionals (ASIP).

Track record

Matthew Barrett has 11.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.21%. During the worst period of relative performance (from November 2011 - July 2014) there was a decline of 8% relative to the index. The worst absolute loss has been 21%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.

Periods of worst performance

Absolute -21.00% (June 2011 - September 2011)
Relative -8.00% (November 2011 - July 2014)

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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Key Investor Information

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