Scottish Widows European Growth A

Targets capital growth from continental European equities.

  • 675.60p
    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!

  • 1.35%
    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).

  • 1.47%
    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.

  • 1.50%
    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 21 January 2020

The Fund's objective is to provide long-term capital growth by investing in a wide portfolio of primarily Continental European company shares.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched June, 1985
Size £947m
Yield 1.50%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.35%
Ongoing charges figure 1.47%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.33%
  • 16/17 -0.02%
  • 17/18 -0.16%
  • 18/19 -0.11%
  • 19/20 -0.25%

Bestinvest MRI

  • 3 years -0.17%
  • 5 years -0.18%
  • Career -0.18%
  • 3 years 28.10%
  • 5 years 33.40%
  • Career 30.20%

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

Scottish Widows Quantitative Investment Group

Track record

Scottish Widows Quantitative Investment Group has 7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.18%. During the worst period of relative performance (from October 2012 - August 2019) there was a decline of 16% relative to the index. The worst absolute loss has been 13%.

Periods of worst performance

Absolute -13.00% (August 2018 - December 2018)
Relative -16.00% (October 2012 - 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.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 27 September 2019

5.23% Nestle Sa
4.16% Roche Hldg Ag
3.13% Novartis Ag
1.97% Enel Spa
1.83% Total Sa
1.77% Unilever Nv
1.7% Aberdeen Standard Liquidity (Lux) - Sterling Z-3 Inc
1.69% Lvmh Moet Hennessy Vuitton Se
1.63% Allianz Se
1.62% Iberdrola Sa
Source: Trustnet

Key Investor Information

Download