Fact sheet: European Assets Trust

Fund information
Fund name
European Assets Trust
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
Investment Trust
Fund managers
  • Sam Coshsince 30/09/2011
Accolades
Fund objective
To achieve growth of capital through investment in quoted small and medium-sized companies in Europe, excluding the United Kingdom. A high distribution policy has been adopted and dividends are paid from a mix of income and capital reserves.
Benchmark
  • Euromoney Smaller European Companies (ex UK) Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
-2.9%
1 Year rank in sector
4/4
Sector
IT European Smaller Companies
Yield
7.7%
Fund size
£328m
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.
91
Mid price
987.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
1047.8
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-5.75
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
TR European Gth Tst PLC17.7%
Montanaro European Smlr Co Tst10%
JPMorganEurnSmallerCoTstPLC 5P5.9%
European Assets Trust-2.9%
...more in IT European Smaller Companies

Performance snapshot

Holdings snapshot

  • Germany21.1%
    Ireland16.6%
    Italy14.5%
    Switzerland7.4%
    Norway7.1%
  • Industrials33.4%
    Consumer Goods23.9%
    Financials16.1%
    Consumer Services11.5%
    Health Care6.7%
  • German Equities21.1%
    Irish Equities16.6%
    Italian Equities14.5%
    Swiss Equities7.4%
    Norwegian Equities7.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.1%-7.9%-5.4%-2.9%24.9%137.3%
Sector-7.8%-4.5%2.3%7.7%25.5%119.8%
Rank within sector1 / 44 / 44 / 44 / 43 / 42 / 4
Quartile1st4th4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-6%20.4%8.7%47.3%35.6%
Sector-0.4%31.4%-5.5%47%25.2%
Rank within sector4 / 44 / 41 / 43 / 41 / 4
Quartile4th4th1st3rd1st
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.
1.19
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.
0.8
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.
0.31
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%.
13.91
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.
7.82
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.
-0.07
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.
0.72
Price movement
52 week high1127.5
52 week low934
Current bid price980
Current offer price995
Current mid price987.5
Region
1Germany21.1%
2Ireland16.6%
3Italy14.5%
4Switzerland7.4%
5Norway7.1%
6Spain6.6%
7Netherlands6.2%
8Sweden6.1%
9Denmark4.8%
Industry sector
1Industrials33.4%
2Consumer Goods23.9%
3Financials16.1%
4Consumer Services11.5%
5Health Care6.7%
6Basic Materials4.8%
7Technology3.6%
Asset type
1German Equities21.1%
2Irish Equities16.6%
3Italian Equities14.5%
4Swiss Equities7.4%
5Norwegian Equities7.1%
6Spanish Equities6.6%
7Dutch Equities6.2%
8Swedish Equities6.1%
9Danish Equities4.8%
Individual holdings
1GERRESHEIMER GROUP4.6%
2FORBO HLDGS AG4.4%
3CERVED INFORMATION SOLUTIONS SPA4.1%
4AMER SPORTS CORP4%
5GLANBIA3.5%
6INTERPUMP GROUP3.5%
7CTS EVENTIM AG & CO KGAA3.4%
8ORIGIN ENTERPRISES PLC3.4%
9IMCD NV3.2%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
Investment Trust
Fund objective
To achieve growth of capital through investment in quoted small and medium-sized companies in Europe, excluding the United Kingdom. A high distribution policy has been adopted and dividends are paid from a mix of income and capital reserves.
Benchmark
  • Euromoney Smaller European Companies (ex UK) Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Sam Cosh30/09/2011Sam manages European smaller company assets. He is the lead manager of European Assets Trust, F&C European Small Cap and F&C European Small Cap ex UK. He began his career in 2000 as a European institutional analyst at Invesco before moving to Fortis Investments as a portfolio manager within their European smaller companies team. He joined the group in 2010 from BNP Investment Partners. Sam graduated with a BA (Hons) in Economics from Nottingham University in 1999. He is CFA charterholder.
Compliance
AIC Member, Transparent for Swiss Tax
Domicile
No data available.
Fund for sale in
United Kingdom, Netherlands, Offshore
European Assets Trust
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1047.8
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJJE
European Assets Trust NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1047.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFP49
Data provided by

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