Mirabaud Equities Pan Europe Small & Mid D GBP C

  • 18102.00p
    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?

  • 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!

  • 0.75%
    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).

  • 0.96%
    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 15 January 2021

Fund summary

Sector European Smaller Companies
Structure OFFSHORE FUND
Launched November, 2015
Size £37m
Yield 0.00%
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 0.75%
Ongoing charges figure 0.96%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.22%
  • 17/18 -0.36%
  • 18/19 -0.48%
  • 19/20 0.14%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.15%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 89.60%

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

Ken Nicholson

Nicholson joined Mirabaud in 2015 and is a portfolio manager/analyst in the European equity team, running European small and mid cap products. He started his career in 1985 as an equity analyst at Aegon Asset Management before taking various sales and marketing roles at Aegon and Franklin Templeton. He moved to Standard Life Investments in 2001 where he ran UK small cap portfolios for institutional clients and then ran its European smaller companies fund for 7 years before leaving in 2014. Nicholson is a CFA Charterholder and and holds MA (Hons) in Economic & Politics and a Postgraduate Degree in Accountancy from the University of Aberdeen.

Track record

Ken Nicholson 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 +0.15%. During the worst period of relative performance (from January 2016 - March 2019) there was a decline of 18% relative to the index. The worst absolute loss has been 39%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 90%.

Periods of worst performance

Absolute -39.00% (October 2007 - October 2008)
Relative -18.00% (January 2016 - March 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.

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Key Investor Information

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