Fact sheet: FL European Pn

Fund information
Fund name
FL European Pn C Acc
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Paras Anandsince 30/06/2008
  • David Mosssince 01/03/1984
No data available.
Fund objective
The fund's objective is to provide capital growth. The manager seeks to achieve this by investing mainly in a diversified spread of equities from any European stock market except the UK. Although the bulk of investment will take place in the major markets, the manager believes that the smaller markets also offer interesting opportunities from time to time and may be represented in the fund. While the manager will invest mainly in equities, there may be periods when European fixed interest securities are an attractive investment for part of the fund.
Benchmark
  • FTSE AW Developed Europe ex-UK Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
19.6%
1 Year rank in sector
25/359
Sector
PN Europe Excluding UK
Yield
-
Fund size
£27m (£26m 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.
108
Bid price
2362.6
Offer price
2486.9
Top in this sector
Fund name1 Year
Zurich Nept EuroOppsPn28.2%
Scot Eq Neptune Eur Opps Pn28.2%
RLP EurSpl(NeptuneEurpOpp)Pn27.2%
Guardian Choices European Pn26.3%
SIP Neptune Eurpn Opps Pn25.2%
...more in PN Europe Excluding UK

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%3.3%13.6%19.6%33.4%88.7%
Sector-1.1%0.3%9.4%12.5%26%77.6%
Rank within sector58 / 36944 / 36943 / 36825 / 35942 / 34083 / 312
Quartile1st1st1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund17.8%7.2%1.6%28.4%15.7%
Sector11%9.4%-0.2%25.6%19.2%
Rank within sector27 / 359224 / 35385 / 34181 / 329275 / 311
Quartile1st3rd1st1st4th
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.
0.85
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.
1.05
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.
0.34
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%.
12.09
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.
3.24
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.
0.33
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.
0.93
Price movement
52 week high2433.8
52 week low1796.5
Current bid price2362.6
Current offer price2486.9
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1Europe ex UK Equities98.82%
2Money Market1.18%
Individual holdings
1BAYER AG3.51%
2BASF SE3.28%
3SAP SE3.23%
4UBS GROUP AG2.72%
5AXA2.67%
6LVMH MOET HENNESSY VUITTON SE2.6%
7ASML HOLDING NV2.56%
8LINDE AG2.55%
9KONINKLIJKE PHILIPS NV2.39%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund's objective is to provide capital growth. The manager seeks to achieve this by investing mainly in a diversified spread of equities from any European stock market except the UK. Although the bulk of investment will take place in the major markets, the manager believes that the smaller markets also offer interesting opportunities from time to time and may be represented in the fund. While the manager will invest mainly in equities, there may be periods when European fixed interest securities are an attractive investment for part of the fund.
Benchmark
  • FTSE AW Developed Europe ex-UK Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Paras Anand30/06/2008Paras Anand is Head of European Equities with overall responsibility for F&C’s Continental European and Pan European Equities teams as well as the lead manager on the F&C European Growth & Income Fund and European Assets Trust NV. He joined F&C in September 2007. Prior to this, Paras headed up Deutsche Asset Management’s European equities team in New York and managed the DWS Europe Equity Fund, a $600m US mutual fund. Until September 2005 he was also lead manager for the DWS European Opportunities Fund. Prior to this, Anand worked at HSBC Alternative Investments in 2001 where he managed a UK market neutral hedge fund. He started his career in the UK institutional team at INVESCO in 1997. He holds a BA and post graduate diploma from the University of Bristol as well as professional qualifications from the Society of Technical Analysts and the Institute of Investment Management
David Moss01/03/1984David Moss is a fund manager and Head of the European Equities team. From 1998-1999, he focused on UK Equity and prior to that he worked as a Fixed Interest Analyst focusing on the UK Gilt and Non-Gilt Markets. He joined the Group in 1996. David began his career in 1987 at Barclays Bank, where he worked as an Analyst on the Corporate Lending Team, working primarily with recovery situations for small to medium-sized enterprises. David graduated from the University of Loughborough in 1996 with a BSc Economics. He has obtained his ACIB and IIMR qualifications and is a member of the CFA Society of the UK.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL European Pn C 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 price2362.6
Offer price2486.9
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSC48
FL European Pn C Cap
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price893.6
Offer price940.6
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSC79
Data provided by

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