Fact sheet: FL Europe ex UK Equities AP

Fund information
Fund name
FL Europe ex UK Equities AP 1 Acc
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Mark Denhamsince 30/11/2015
  • Ned Kellysince 30/11/2015
  • Russell Harrissince 30/11/2015
Underlying fund
AXA Rosenberg European
Fund objective
The fund aims to achieve capital growth over the medium to long term. The fund invests principally in shares of quoted European companies drawn from all economic sectors. It may also include other European investments. The fund may use derivatives for investment purposes.
Benchmark
  • FTSE World Europe EX UK
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
25.5%
1 Year rank in sector
100/359
Sector
PN Europe Excluding UK
Yield
-
Fund size
£183m (£173m 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.
113
Bid price
973
Offer price
1024.2
Top in this sector
Fund name1 Year
Zurich Nept EuroOppsPn51.1%
Scot Eq Neptune Eur Opps Pn51%
RLP EurSpl(NeptuneEurpOpp)Pn49.7%
SIP Neptune Eurpn Opps Pn47.8%
L&G Neptune European Opps Pn47.1%
...more in PN Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Switzerland19.5%
    France18.2%
    Germany17.7%
    Sweden8%
    Money Market7.9%
  • Financials20.1%
    Consumer Goods15.1%
    Industrials15.1%
    Basic Materials12.5%
    Health Care8.6%
  • Swiss Equities19.5%
    French Equities18.2%
    German Equities17.7%
    Swedish Equities8%
    Money Market7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.1%7.5%9.4%25.5%25.9%72.2%
Sector4%6.4%8.8%23.1%31%80.1%
Rank within sector6 / 37262 / 370147 / 370100 / 359280 / 342224 / 316
Quartile1st1st2nd2nd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund7.1%17.7%2.4%-0.6%25.9%
Sector5.5%15.8%9.4%-0.2%25.6%
Rank within sector31 / 370139 / 359348 / 353196 / 341144 / 330
Quartile1st2nd4th3rd2nd
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.
-2.03
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.
1.01
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%.
11.58
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.
2.55
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.
-0.78
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.
0.95
Price movement
52 week high980.8
52 week low751
Current bid price973
Current offer price1024.2
Current mid price-
Region
1Switzerland19.53%
2France18.24%
3Germany17.74%
4Sweden8%
5Money Market7.9%
6Netherlands6.79%
7Spain6.55%
8Others4.21%
9Italy4.15%
Industry sector
1Financials20.08%
2Consumer Goods15.1%
3Industrials15.06%
4Basic Materials12.47%
5Health Care8.61%
6Money Market7.9%
7Others6.69%
8Technology6.07%
9Telecommunications4.59%
Asset type
1Swiss Equities19.53%
2French Equities18.24%
3German Equities17.74%
4Swedish Equities8%
5Money Market7.9%
6Dutch Equities6.79%
7Spanish Equities6.55%
8International Equities4.21%
9Italian Equities4.15%
Individual holdings
1NESTLE SA4.8%
2ROCHE HLDG AG4.2%
3SIEMENS AG3%
4BASF SE2.8%
5ALLIANZ SE2.7%
6UNILEVER 24.10.132.3%
7ENEL SPA1.9%
8SAINT-GOBAIN(COMPAGNIE DE)1.8%
9LVMH MOET HENNESSY VUITTON SE1.7%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund aims to achieve capital growth over the medium to long term. The fund invests principally in shares of quoted European companies drawn from all economic sectors. It may also include other European investments. The fund may use derivatives for investment purposes.
Benchmark
  • FTSE World Europe EX UK
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Denham30/11/2015Mark began his career at National Mutual Life. He then moved on to Clerical Medical/Insight Investment as a European Equity fund manager. He joined Morley Fund Management in 2003. Mark is a Fellow of the Institute of Actuaries and holds a BA (Hons) in Nat
Ned Kelly30/11/2015Ned joined the investment industry in 1998; Aviva Investors in July 2001 and is responsible for Index funds and futures execution. Prior to joining Aviva Investors, Ned worked for Legal & General Investment Management as an index fund analyst. Prior to L&G, he was with Barclays Global Investors as a client accountant. Ned holds a BA (Hons) in European Business Systems from London Guildhall University and the Investment Management Certificate.
Russell Harris30/11/2015Russell joined Investment Industry in 1984. His main Responsibilities are to deal with Index funds and futures execution. He began his career with the firm (as Norwich Union) in 1984, starting in Investment Technology and progressing into Investment Marketing, UK Equities and Quantitative Investment. He holds a BA (Hons) in Economics from Heriot Watt University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Europe ex UK Equities AP
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 price219.8
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ58
FL Europe ex UK Equities AP 1 Acc
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price973
Offer price1024.2
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP24
FL Europe ex UK Equities AP 2
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price320.4
Offer price337.2
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQP26
FL Europe ex UK Equities AP 5 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1128.1
Offer price1187.5
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAB66
FL Europe ex UK Equities AP 8 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price954.6
Offer price1004.9
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ54
FL Europe ex UK Equities AP 9 Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1128.1
Offer price1187.5
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQ93
FL Europe ex UK Equities AP Inet
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price343.9
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG785
Data provided by

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