Fact sheet: BB Medtech

Fund information
Fund name
BB Medtech T EUR
Fund manager company
Bellevue Asset Management
Fund type
Offshore Fund
Fund managers
  • Stefan Blumsince 30/09/2009
  • John Manierisince 01/03/2016
  • Marcel Fritschsince 30/09/2009
Fund objective
The Fund invests worldwide in companies active in the medical technology sector. Experienced sector specialists focus on profitable mid- and large-cap companies with an established product portfolio. Stock selection is based on fundamental company analysis, focusing in particular on the medical benefits and the potential savings for the healthcare systems as well as the expected market potential of a company's products and services. A global network of experts spanning scientific and industrial fields supports the Management Team in forming opinions and making investment decisions. The selection of portfolio companies is bottom-up.
Benchmark
  • MSCI Healthcare Equip. & Supp
Investment style
None
Investment method
Shares
Quick stats
1 Year return
18.1%
1 Year rank in sector
3/31
Sector
FO Equity - Pharma Health & Biotech
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.
1.93%
Fund size
£135m (£145m 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.
106
Top in this sector
Fund name1 Year
Variopartner SICAV MVGbMdtcF21.1%
Fidelity Gbl Health Care19.2%
BB Medtech18.1%
Atlantis China Healthcare13.5%
Charlemagne MagnaBiphrm12.3%
...more in FO Equity - Pharma Health & Biotech

Performance snapshot

Holdings snapshot

  • USA81.6%
    Denmark4.8%
    France2.8%
    UK2.7%
    Canada1.9%
  • Health Care85.9%
    Others6.2%
    Biotechnology/Medical6.1%
    Money Market1.8%
  • US Equities81.6%
    Danish Equities4.8%
    French Equities2.8%
    UK Equities2.7%
    Canadian Equities1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.5%9.3%18.9%18.1%77.1%139.3%
Sector1.5%10.5%12.9%-2.3%43.4%140.6%
Rank within sector7 / 3212 / 329 / 313 / 312 / 2417 / 24
Quartile1st2nd2nd1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund11.9%11.3%36%16%16.7%
Sector-2.4%7.2%28.1%41%16.7%
Rank within sector3 / 319 / 2911 / 2624 / 2417 / 24
Quartile1st2nd2nd4th3rd
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.
11.63
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.
0.67
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.
1.26
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%.
13.75
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.
10.33
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.
0.7
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 high82.79
52 week low62.91
Current bid price-
Current offer price-
Current mid price82.79
Region
1USA81.6%
2Denmark4.8%
3France2.8%
4UK2.7%
5Canada1.9%
6Money Market1.8%
7New Zealand1.8%
8Germany1.4%
9International1.2%
Industry sector
1Health Care85.9%
2Others6.2%
3Biotechnology/Medical6.1%
4Money Market1.8%
Asset type
1US Equities81.6%
2Danish Equities4.8%
3French Equities2.8%
4UK Equities2.7%
5Canadian Equities1.9%
6Money Market1.8%
7New Zealand Equities1.8%
8German Equities1.4%
9International Equities1.2%
Individual holdings
1ABBOTT LABORATORIES7.9%
2MEDTRONIC PLC7.8%
3BOSTON SCIENTIFIC CORP7.5%
4STRYKER CORP6.9%
5ZIMMER BIOMET HLDGS INC5%
6INTUITIVE SURGICAL INC4.6%
7BECTON DICKINSON & CO4.4%
8BAXTER INTERNATIONAL INC4.1%
9GN Store Nord A.S. Ord3.9%
Management
Fund manager group
Bellevue Asset Management
Fund manager company
Bellevue Asset Management
Fund type
Offshore Fund
Fund objective
The Fund invests worldwide in companies active in the medical technology sector. Experienced sector specialists focus on profitable mid- and large-cap companies with an established product portfolio. Stock selection is based on fundamental company analysis, focusing in particular on the medical benefits and the potential savings for the healthcare systems as well as the expected market potential of a company's products and services. A global network of experts spanning scientific and industrial fields supports the Management Team in forming opinions and making investment decisions. The selection of portfolio companies is bottom-up.
Benchmark
  • MSCI Healthcare Equip. & Supp
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Stefan Blum30/09/2009Stefan Blum is the Lead Portfolio Manager of the BB Medtech (Lux) Fund. He has 13 years of experience in the healthcare sector. Prior to joining Bellevue Asset Management he spent 4 years as head of investor relations at Sonova, the world's largest manufacturer of hearing instruments. As a financial analyst at Bank Sarasin from 1996 to 2000, he covered medical technology and other stocks. Before that he served as CFO of Obtree Technologies Inc. and advised Swiss listed companies on strategic investor relations issues. Stefan Blum obtained a degree in business administration/economics from the University of St. Gallen and is a graduate of AZEK.
John Manieri01/03/2016
Marcel Fritsch30/09/2009Marcel Fritsch is a Portfolio Manager of the BB Medtech (Lux) Fund. He was previously a consultant with Deloitte, a position he held for more than 3 years. In this function he provided multinational companies in medical technology, pharmaceutical and manufacturing sectors with support on strategic issues. Devising corporate strategy concepts, optimizing organizational structures and assessing the value of business entities in connection with corporate transactions were among his duties. Marcel Fritsch holds a degree in business administration/economics from the University of St. Gallen (HSG).
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 Medtech 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 price237.76
CurrencyCHF
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTX2
BB Medtech 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)2.31%
Bid price-
Offer price-
Mid price330.54
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTX0
BB Medtech B USD
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 price256.58
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTX1
BB Medtech HB 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 price234.49
CurrencyCHF
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSS5
BB Medtech HB 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 price278.36
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSS4
BB Medtech 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)1.56%
Bid price-
Offer price-
Mid price250.81
CurrencyCHF
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTX3
BB Medtech 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)1.57%
Bid price-
Offer price-
Mid price348.81
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTX4
BB Medtech 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)1.56%
Bid price-
Offer price-
Mid price272.9
CurrencyGBP
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code10KJ
BB Medtech I USD
Initial charge5%
Annual charge0.9%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price269.58
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTX5
BB Medtech T CHF
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price89.52
CurrencyCHF
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTX6
BB Medtech T EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price82.79
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSK9
Data provided by

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