Fact sheet: BB Entrepreneur Eurp

Fund information
Fund name
BB Entrepreneur Europe B EUR
Fund manager company
Bellevue Asset Management
Fund type
Offshore Fund
Fund managers
  • Birgitte Olsen, CFAsince 29/04/2009
  • Michel Keuschsince 30/06/2013
  • Karim Bertonisince 01/02/2015
Fund objective
The Fund invests in listed owner-controlled companies in Europe where an entrepreneur or a founding family holds at least a stake of 20% of the company's voting rights, thereby exerting significant control and influence. The typical qualities of these companies - a focused business model, fast decision making processes, sustainable business policies and a strong corporate culture - go hand in hand with efficient innovation, high product quality and strong customer loyalty. The corresponding impact on the share price is demonstrably positive. The Fund's Management Team offers a wealth of experience in this investment segment and has built up an extensive network with executives throughout the sector. It pursues a fundamental, bottom-up approach in identifying the most attractive founder controlled companies with a mid as well as large market capitalization while maintaining an investment portfolio of 30 to 40 stocks diversified by country and sub-sector.
Benchmark
  • STOXX Europe 600
Investment style
Active,Growth
Investment method
Shares
Quick stats
1 Year return
-1.7%
1 Year rank in sector
84/227
Sector
FO Equity - Europe inc UK
Yield
-
Fund size
£79m (£92m 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.
102
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European26.6%
GS Eur CORE Eq Portfolio22.2%
JOHCM European Sel Val17.8%
EP Pan European Opportunities17.1%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • France18.9%
    Spain18.8%
    Italy15.9%
    Germany15.5%
    Switzerland5.4%
  • Industrials31.5%
    Consumer Discretionary15.9%
    Financials12.9%
    Consumer Staples10.9%
    Health Care9.7%
  • French Equities18.9%
    Spanish Equities18.8%
    Italian Equities15.9%
    German Equities15.5%
    Swiss Equities5.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.7%2.4%2.7%-1.7%18.3%60%
Sector3.3%-1.1%-0.6%-4.3%15.4%60.7%
Rank within sector67 / 23347 / 23465 / 23284 / 22795 / 200114 / 175
Quartile2nd1st2nd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-1%14.1%0.9%12.7%22.2%
Sector-3.7%11.1%4.2%21.1%17.6%
Rank within sector69 / 22868 / 213157 / 200177 / 18842 / 177
Quartile2nd2nd4th4th1st
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.
0.31
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.
1.06
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.
0.03
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%.
13.58
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.
4.2
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.
0.09
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.
0.91
Price movement
52 week high304.08
52 week low247.36
Current bid price-
Current offer price-
Current mid price298.93
Region
1France18.9%
2Spain18.8%
3Italy15.9%
4Germany15.5%
5Switzerland5.4%
6Denmark4.8%
7Norway4.5%
8Sweden4.4%
9International3%
Industry sector
1Industrials31.5%
2Consumer Discretionary15.9%
3Financials12.9%
4Consumer Staples10.9%
5Health Care9.7%
6Energy6.2%
7Materials4.7%
8Information Technology3.6%
9Others3.1%
Asset type
1French Equities18.9%
2Spanish Equities18.8%
3Italian Equities15.9%
4German Equities15.5%
5Swiss Equities5.4%
6Danish Equities4.8%
7Norwegian Equities4.5%
8Swedish Equities4.4%
9International Equities3%
Individual holdings
1ALTEN3.6%
2OVS SPA3.6%
3A.P MOELLER-MAERSK 3.375% 28/08/20193.5%
4ORPEA3.5%
5DURR AG3.4%
6PERNOD-RICARD3.4%
7BOUYGUES3.3%
8LUXOTTICA GROUP3.3%
9FERROVIAL SA3.2%
Management
Fund manager group
Bellevue Asset Management
Fund manager company
Bellevue Asset Management
Fund type
Offshore Fund
Fund objective
The Fund invests in listed owner-controlled companies in Europe where an entrepreneur or a founding family holds at least a stake of 20% of the company's voting rights, thereby exerting significant control and influence. The typical qualities of these companies - a focused business model, fast decision making processes, sustainable business policies and a strong corporate culture - go hand in hand with efficient innovation, high product quality and strong customer loyalty. The corresponding impact on the share price is demonstrably positive. The Fund's Management Team offers a wealth of experience in this investment segment and has built up an extensive network with executives throughout the sector. It pursues a fundamental, bottom-up approach in identifying the most attractive founder controlled companies with a mid as well as large market capitalization while maintaining an investment portfolio of 30 to 40 stocks diversified by country and sub-sector.
Benchmark
  • STOXX Europe 600
Investment style
Active,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Birgitte Olsen, CFA29/04/2009Birgitte 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 Keusch30/06/2013Michel 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 Bertoni01/02/2015
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, United Kingdom, Luxembourg, Offshore
BB Entrepreneur Europe AB EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price154.51
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2CO
BB Entrepreneur Europe B CHF
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price214.94
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTS9
BB Entrepreneur Europe B EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.32%
Bid price-
Offer price-
Mid price298.93
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTS8
BB Entrepreneur Europe I CHF
Initial charge5%
Annual charge0.9%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price228.7
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTT1
BB Entrepreneur Europe I EUR
Initial charge5%
Annual charge0.9%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.58%
Bid price-
Offer price-
Mid price316.09
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTT0
BB Entrepreneur Europe I GBP
Initial charge5%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.58%
Bid price-
Offer price-
Mid price183.98
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code10KK
Data provided by

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