Schroder European Recovery A

Targets long term capital growth from large and mid cap European equities.

  • 749.00p Price (Inc)
  • - Price (Acc)
  • 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.68% Ongoing charges
  • 2.20% Yield

Prices as at 09 December 2019, fund data last updated 19 February 2014

The fund aims to provide capital growth by investing in equities of companies across Europe excluding the UK. The fund invests at least 80% of its assets in equities of companies across Europe excluding the UK. The fund applies a disciplined value investment approach, seeking to invest in a select portfolio of companies that the investment manager believes are significantly undervalued relative to their long-term earnings potential.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched February, 2002
Size £234m
Yield 2.20%
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 1.50%
Ongoing charges figure 1.68%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 -0.49%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.45%
  • 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.

Andrew Lyddon / Andrew Evans

Lyddon joined Schroders as a graduate in 2005 and between 2006 and 2010 I was a research analyst responsible for producing investment research on companies in the UK construction, business services and telecoms sectors. In mid 2010 he joined the value team. Evans joined Schroders in 2015 as a member of the Value Investment team. Prior to joining Schroders ge was responsible for the UK research process at Threadneedle. He began his investment career in 2001 at Dresdner Kleinwort as a Pan-European transport analyst.

Track record

The track record of Andrew Lyddon / Andrew Evans 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 -12.00% (July 2018 - December 2018)
Relative -9.00% (May 2018 - August 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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Top 10 holdings

Data accurate as at 30 August 2019

5.4523% Eni
5.3686% Sanofi
4.2175% Allianz Se
4.0148% Ageas Sa/Nv
3.9959% Orange Belgium
3.8331% Repsol Sa
3.4156% Lundin Mining Corp
3.2714% Yara International Asa
3.2711% Television Francaise(T.f.1)
3.1568% Bnp Paribas Sa
Source: Trustnet

Sector breakdown

Financials 33.00%
Energy 19.00%
Consumer Discretionary 12.00%
Basic Materials 9.00%
Telecommunications 8.00%
Industrials 6.00%
Money Market 5.00%
Health Care 5.00%
Consumer Staples 2.00%

Key Investor Information

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