Fact sheet: Eleva Eurpn Seltn

Fund information
Fund name
Eleva European Selection I Acc EUR
Fund manager company
Lemanik Asset Management S.A
Fund type
Offshore Fund
Fund manager
  • Eric Bendahansince 26/01/2015
Fund objective
The Eleva European Selection seeks to achieve superior long term risk adjusted returns and capital growth by investing primarily in European equities and equity related securities on a long only basis.
Benchmark
  • Europe Stoxx 600
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-10.3%
1 Year rank in sector
156/227
Sector
FO Equity - Europe inc 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.
1.11%
Fund size
£0m
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.
97
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European22.4%
GS Eur CORE Eq Portfolio17.5%
Mirabaud Eqts PanEur SmllMid16.2%
JOHCM European Sel Val13.7%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%2.2%0.9%-10.3%--
Sector0.1%-1%-1.9%-8.3%10.8%57.7%
Rank within sector112 / 23328 / 23466 / 232156 / 227--
Quartile2nd1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-6.2%----
Sector-5.2%11.1%4.2%21.1%17.6%
Rank within sector142 / 228----
Quartile3rd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1163.15
52 week low900.02
Current bid price-
Current offer price-
Current mid price1044.55
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Lemanik Asset Management
Fund manager company
Lemanik Asset Management S.A
Fund type
Offshore Fund
Fund objective
The Eleva European Selection seeks to achieve superior long term risk adjusted returns and capital growth by investing primarily in European equities and equity related securities on a long only basis.
Benchmark
  • Europe Stoxx 600
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Eric Bendahan26/01/2015Eric Bendahan joined Banque Syz & Co in November 2005, and has been advisor on the OYSTER European Opportunities Fund since December of the same year. Prior to joining Banque Syz & Co, he was European equities manager for six years with AXA Investment Managers. He has over ten years of experience in managing active and non-indexed European equity portfolios. Bendahan has a pure, bottom-up, fundamental stock picking approach to pan-European equity markets. His style is opportunistic, across all market caps, with no specific bias. He focuses on companies having sound historic results, good visible earnings prospects and a good-quality management with clear strategic vision, operating in a sector with high barriers to entry. Direct corporate contact is the predominant part of his analysis process. He is assisted by a team of senior analysts consisting of nine financial analysts and three quantitative-macro analysts. Bendahan is a graduate of ESSEC and a holder of the CFA.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, France, United Kingdom, Italy, Luxembourg, Offshore
Eleva European Selection I Acc EUR
Initial charge-
Annual charge0.9%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price1044.55
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMPTN
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.