Fact sheet: BB Entrepreneur Europe Small

Fund information
Fund name
BB Entrepreneur Europe Small B CHF
Fund manager company
Bellevue Asset Management
Fund type
Offshore Fund
Fund managers
  • Birgitte Olsen, CFAsince 30/06/2011
  • Michel Keuschsince 31/08/2013
  • Karim Bertonisince 28/02/2015
Fund objective
The investment objective is to generate attractive and competitive capital growth in the long term. It is therefore particularly suited to investors with an investment horizon of at least 5 years who want to enhance their portfolio diversification with investments in European small capitalized founder-controlled companies. The Fund displays the typical risks associated with equity investments inEuropeansmallcaps.
Benchmark
  • MSCI EU Small ex UK Index
Investment style
Active,Growth
Investment method
Shares
Quick stats
1 Year return
20.9%
1 Year rank in sector
12/51
Sector
FO Equity - Small Cap Europe
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.4%
Fund size
£78m (£17m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
101
Top in this sector
Fund name1 Year
SEB 2 Estn Eur Sm Cap41.7%
Old Mutual Eur(ExUK)SmCo36.5%
T. Rowe Price Eurpn SmCo Eq31%
Montanaro Europ Inc29.9%
Argos Argonaut29.2%
...more in FO Equity - Small Cap Europe

Performance snapshot

Holdings snapshot

  • Germany24.7%
    Spain14.2%
    Italy12.3%
    Austria11.5%
    Norway9%
  • Industrials22%
    Information Technology17.7%
    Financials15.5%
    Consumer Discretionary14.1%
    Materials11.3%
  • German Equities24.7%
    Spanish Equities14.2%
    Italian Equities12.3%
    Austrian Equities11.5%
    Norwegian Equities9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%7.2%10.7%20.9%36.6%110.4%
Sector2.5%7.9%11.4%16.5%34.9%98.7%
Rank within sector46 / 5331 / 5233 / 5212 / 5124 / 4819 / 40
Quartile4th3rd3rd1st2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund8.4%10.5%16.6%8.1%34.4%
Sector9.6%1%23.6%3.2%29.7%
Rank within sector39 / 528 / 5146 / 5010 / 4816 / 42
Quartile3rd1st4th1st2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.36
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.94
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.5
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.89
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
9.05
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.16
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.61
Price movement
52 week high244.17
52 week low182.99
Current bid price-
Current offer price-
Current mid price241.03
Region
1Germany24.7%
2Spain14.2%
3Italy12.3%
4Austria11.5%
5Norway9%
6Finland6.2%
7France5.9%
8Switzerland4.2%
9Money Market3.8%
Industry sector
1Industrials22%
2Information Technology17.7%
3Financials15.5%
4Consumer Discretionary14.1%
5Materials11.3%
6Consumer Staples7.5%
7Energy4.8%
8Money Market3.8%
9Health Care3.3%
Asset type
1German Equities24.7%
2Spanish Equities14.2%
3Italian Equities12.3%
4Austrian Equities11.5%
5Norwegian Equities9%
6Finnish Equities6.2%
7French Equities5.9%
8Swiss Equities4.2%
9Money Market3.8%
Individual holdings
1BANCA IFIS3.9%
2UPONOR OYJ3.6%
3CTS EVENTIM AG & CO KGAA3.5%
4CORTICEIRA AMORIM-SOCIEDADE GESTORA3.3%
5IMA3.3%
6ASETEK AS3.1%
7VIDRALA SA3%
8WACKER NEUSON SE2.9%
9CANCOM SE2.8%
Management
Fund manager group
Bellevue Asset Management
Fund manager company
Bellevue Asset Management
Fund type
Offshore Fund
Fund objective
The investment objective is to generate attractive and competitive capital growth in the long term. It is therefore particularly suited to investors with an investment horizon of at least 5 years who want to enhance their portfolio diversification with investments in European small capitalized founder-controlled companies. The Fund displays the typical risks associated with equity investments inEuropeansmallcaps.
Benchmark
  • MSCI EU Small ex UK Index
Investment style
Active,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Birgitte Olsen, CFA30/06/2011Birgitte Olsen, Head of European Equities, joined Bellevue Asset Management in 2008 and assumed portfolio management responsibility for the investment funds BB Entrepreneur Switzerland and BB Entrepreneur Europe as well as for institutional mandates. From 1994 to 1997 Birgitte Olsen was a financial analyst at Bank am Bellevue, focusing on the insurance and pharmaceutical sectors. She had previously spent nine years at Generali Investments in Cologne, where she managed European equity portfolios and thematic funds. Birgitte Olsen graduated from the University of St. Gallen in 1992 with a degree in finance and accounting.
Michel Keusch31/08/2013Michel Keusch has been working as a senior portfolio manager of European equities since 2013. He has been with Bellevue since 2007, when he started as a co-portfolio manager of Toros Prime Fund. He was previously working as a senior equity research analyst at Crédit Agricole Cheuvreux and also at Credit Suisse First Boston from 1996. He studied at the University of Strasbourg, France, and University of Bath, UK, then finished his studies with a MBA in international management.
Karim Bertoni28/02/2015
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, United Kingdom, Luxembourg, Offshore
BB Entrepreneur Europe Small B CHF
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.4%
Total expense ratio (TER)2.4%
Bid price-
Offer price-
Mid price241.03
CurrencyCHF
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code03XL
BB Entrepreneur Europe Small B EUR
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.39%
Total expense ratio (TER)2.39%
Bid price-
Offer price-
Mid price275.81
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code03XK
BB Entrepreneur Europe Small I CHF
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price251.54
CurrencyCHF
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code03XJ
BB Entrepreneur Europe Small I EUR
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price287.75
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code03XI
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