Fact sheet: Baillie Gifford European

Fund information
Fund name
Baillie Gifford European B Acc
Fund manager company
Baillie Gifford
Fund type
OEIC
Fund managers
  • Tom Walshsince 31/07/2015
  • Stephen Paicesince 31/03/2011
  • Thomas Couttssince 28/11/2008
  • Moritz Sittesince 31/10/2014
Fund objective
The objective is to produce attractive capital growth over the long term by investing in Continental Europe, including the Republic of Ireland, in any economic sector, but with the ability also to invest up to (but no more than) 10% in value of the Fund in each of the following: collective investment schemes and deposits.
Benchmark
  • MSCI Europe ex UK
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
16.5%
1 Year rank in sector
6/96
Sector
UT Europe Excluding UK
Yield
1.5%
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.
0.7%
Fund size
£183m (£172m 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.
105
Mid price
1614
Top in this sector
Fund name1 Year
Marlborough Eurpn Multi-Cap32.6%
Liontrust European Growth20.2%
Neptune European Opps19.2%
Aviva Inv Euro Equity MoM 218.9%
FP CRUX Eurpn Spl Sits16.7%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Sweden24%
    Switzerland18%
    Germany16.5%
    France6.9%
    Netherlands6%
  • Industrials23.9%
    Consumer Goods22.8%
    Financials14.7%
    Consumer Services10.7%
    Health Care9.9%
  • Swedish Equities24%
    Swiss Equities18%
    German Equities16.5%
    French Equities6.9%
    Dutch Equities6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5%-1.2%11.3%16.5%27%95.8%
Sector-6.5%-1.4%7.6%9.3%18.2%74.6%
Rank within sector6 / 10142 / 1009 / 996 / 9611 / 879 / 79
Quartile1st2nd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund15.8%11.1%-1.3%28.2%21.5%
Sector8%9.1%-0.7%27.3%19.2%
Rank within sector6 / 9829 / 9157 / 8728 / 8129 / 79
Quartile1st2nd3rd2nd2nd
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.
1.59
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.
1.02
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.
0.57
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%.
11.34
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.
4.25
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.
0.39
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.
0.86
Price movement
52 week high1763
52 week low1261
Current bid price-
Current offer price-
Current mid price1614
Region
1Sweden24%
2Switzerland18%
3Germany16.5%
4France6.9%
5Netherlands6%
6Denmark5%
7Italy4.7%
8Finland4.4%
9Spain4%
Industry sector
1Industrials23.89%
2Consumer Goods22.78%
3Financials14.65%
4Consumer Services10.66%
5Health Care9.9%
6Basic Materials9.59%
7Technology7.13%
8Money Market1.4%
Asset type
1Swedish Equities24%
2Swiss Equities18%
3German Equities16.5%
4French Equities6.9%
5Dutch Equities6%
6Danish Equities5%
7Italian Equities4.7%
8Finnish Equities4.4%
9Spanish Equities4%
Individual holdings
1SVENSKA HANDELSBANKEN4.3%
2ATLAS COPCO AB3.9%
3RYANAIR HLDGS3.9%
4NESTLE SA3.7%
5KONECRANES OYJ3.1%
6ADIDAS AG3%
7HEXPOL2.9%
8INVESTOR AB2.8%
9ZALANDO SE2.8%
Management
Fund manager group
Baillie Gifford
Fund manager company
Baillie Gifford
Fund type
OEIC
Fund objective
The objective is to produce attractive capital growth over the long term by investing in Continental Europe, including the Republic of Ireland, in any economic sector, but with the ability also to invest up to (but no more than) 10% in value of the Fund in each of the following: collective investment schemes and deposits.
Benchmark
  • MSCI Europe ex UK
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Tom Walsh31/07/2015Tom graduated LLB (Hons) in Law & Economics from the University of Edinburgh in 1999 and is both CFA and ACA qualified. He worked at Fidelity International, Merrill Lynch and Deloitte & Touche before joining Baillie Gifford in 2009. He was an Investment Manager in the UK Equities and Global Opportunities Teams until 2015 when he joined the European Equity Team. He is a CFA Charterholder.
Stephen Paice31/03/2011Stephen graduated BSc (Hons) in Financial Mathematics from Glasgow Caledonian University in 2005. He joined Baillie Gifford in the same year and is an Investment Manager in the European Equity Team. Stephen became a member of the Pan-European Portfolio Construction Group in 2014.
Thomas Coutts28/11/2008Tom Coutts graduated BA in Modern Languages from Oxford University in 1994. He joined Baillie Gifford in 1999 and spent a number of years in our UK Equity Team before joining the European Equity Team in 2007. Tom became Head of the European Equity Team in May 2011, and is a member of the Pan-European Portfolio Construction Group. He became a Partner in 2014.
Moritz Sitte31/10/2014Moritz graduated BSc in Business Administration from the University of Regensburg (Germany) in 2009 where he took part in the Honours Elite Degree Programme. He then went on to complete an MSc in Finance and Investment from the University of Edinburgh in 2010. Moritz joined Baillie Gifford in September 2010 and is an Investment Manager in the European Equity Team.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Baillie Gifford European A Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price1430
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBG87
Baillie Gifford European B Acc
Initial charge1%
Annual charge0.65%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price1614
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBG90
Baillie Gifford European B Inc
Initial charge1%
Annual charge0.65%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price1297
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBG58
Baillie Gifford European C Inc
Initial charge-
Annual charge-
Min single investment£250,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0YH6
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