Fact sheet: CF Canlife European

Fund information
Fund name
CF Canlife European C Acc
Fund manager company
CF Canada Life Investments
Fund type
OEIC
Fund managers
  • Iain McNeillsince 03/02/2014
  • Duncan Mackaysince 03/02/2014
Fund objective
The fund aims to provide capital growth primarily from investment in shares quoted on European markets (usually this will exclude the United Kingdom). The managers process focuses on fundamental bottom-up analysis which is supplemented with a macro-economic overlay. The managers take an unconstrained approach, seeking to make the most of Europe’s potential with the freedom to invest anywhere in the region and across the market-cap spectrum. .
Benchmark
  • MSCI Europe Ex UK NR EUR
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
10.3%
1 Year rank in sector
64/96
Sector
UT Europe Excluding UK
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.
0.84%
Fund size
£187m (£190m 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
Mid price
118.05
Top in this sector
Fund name1 Year
Marlborough Eurpn Multi-Cap32.5%
Neptune European Opps25.5%
Liontrust European Growth20.3%
Aviva Inv Euro Equity MoM 219.8%
Schroder Eurpn Alpha Plus19.5%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • France24.6%
    Germany18.3%
    Switzerland16.4%
    Netherlands10.9%
    Others10.8%
  • Financials19%
    Health Care14.5%
    Consumer Discretionary14.1%
    Industrials13.3%
    Consumer Staples10.9%
  • French Equities24.6%
    German Equities18.3%
    Swiss Equities16.4%
    Dutch Equities10.9%
    International Equities10.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%0.9%7.8%10.3%23.7%67.1%
Sector-1.2%0.4%8.9%11.7%24.6%77.4%
Rank within sector49 / 10144 / 10065 / 9964 / 9654 / 8769 / 79
Quartile2nd2nd3rd3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund10.3%10.3%-1.7%24.8%17.1%
Sector10.9%9.1%-0.7%27.3%19.2%
Rank within sector60 / 9838 / 9161 / 8756 / 8161 / 79
Quartile3rd2nd3rd3rd4th
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.
-0.22
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.
0.97
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.
0.22
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%.
10.63
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.
1.98
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.
-0.21
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.
0.97
Price movement
52 week high124.06
52 week low95.53
Current bid price-
Current offer price-
Current mid price118.05
Region
1France24.6%
2Germany18.3%
3Switzerland16.4%
4Netherlands10.9%
5Others10.8%
6Spain6.7%
7Denmark4.4%
8Italy3.6%
9Norway2.5%
Industry sector
1Financials19%
2Health Care14.5%
3Consumer Discretionary14.1%
4Industrials13.3%
5Consumer Staples10.9%
6Others7.4%
7Materials7%
8Information Technology5.1%
9Energy4.6%
Asset type
1French Equities24.6%
2German Equities18.3%
3Swiss Equities16.4%
4Dutch Equities10.9%
5International Equities10.8%
6Spanish Equities6.7%
7Danish Equities4.4%
8Italian Equities3.6%
9Norwegian Equities2.5%
Individual holdings
1ISHARES EURO STOXX MID4.1%
2ROCHE HLDG AG3.5%
3NESTLE SA3.4%
4TOTAL SA3.4%
5NOVARTIS AG2.9%
6ALLIANZ SE2.7%
7BNP PARIBAS2.7%
8ING GROEP N.V.2.3%
9DEUTSCHE TELEKOM AG2.2%
Management
Fund manager group
Canada Life Investments
Fund manager company
CF Canada Life Investments
Fund type
OEIC
Fund objective
The fund aims to provide capital growth primarily from investment in shares quoted on European markets (usually this will exclude the United Kingdom). The managers process focuses on fundamental bottom-up analysis which is supplemented with a macro-economic overlay. The managers take an unconstrained approach, seeking to make the most of Europe’s potential with the freedom to invest anywhere in the region and across the market-cap spectrum. .
Benchmark
  • MSCI Europe Ex UK NR EUR
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Iain McNeill03/02/2014Iain joined Canada Life Investments in August 2012 as a Fund Manager, European Equities. Iain has over 18 years’ experience in European equities. He began managing European portfolios in 1994 and ran funds for Morley and Insight Investments.
Duncan Mackay03/02/2014Duncan joined Canada Life Investments in November 2010 from Principal Investment Management. Previously, he was a Trainee Investment Manager on the European Equity desk at AEGON Asset Management. Duncan holds an MA in Economics and Finance from the University of Aberdeen and the Investment Management Certificate. He is a CFA charterholder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
CF Canlife European B Acc
Initial charge4.75%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price283.03
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMU09
CF Canlife European C Acc
Initial charge4.75%
Annual charge0.75%
Min single investment£100,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price118.05
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKDWG
Data provided by

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