Pictet Premium Brands I GBP

  • 24621.00p
    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?

  • 5.00% 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!

  • 0.80%
    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).

  • 1.20%
    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 14 June 2021

The fund's objective is to invest worldwide in shares of companies active in the high-end and upper-middle consumer markets that benefit from strong brand recognition and offer top-quality aspirational products and services.

Fund summary

Sector Global
Structure OFFSHORE FUND
Launched September, 2009
Size £787m
Yield 0.00%
Charging basis
Dividends paid Dec

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.80%
Ongoing charges figure 1.20%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.41%
  • 17/18 0.44%
  • 18/19 -0.60%
  • 19/20 1.25%
  • 20/21 1.56%

Bestinvest MRI

  • 3 years 0.74%
  • 5 years 0.61%
  • Career 0.56%
  • 3 years 50.00%
  • 5 years 50.00%
  • Career 98.10%

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

Caroline Reyl

Reyl has been running the fund since launch. She joined Pictet in 2002 and is on the Sector & Theme funds team. She began her career at Lehman Brothers, working as an analyst in the corporate finance division for 3 years in New York and London. In 1997 she joined GLG as a fund manager, managing two long-only European funds and helping to select long/short investments.

Track record

Caroline Reyl has 5.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.56%. During the worst period of relative performance (from April 2007 - January 2009) there was a decline of 13% relative to the index. The worst absolute loss has been 42%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.

Periods of worst performance

Absolute -42.00% (May 2007 - February 2009)
Relative -13.00% (April 2007 - January 2009)

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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Key Investor Information

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