Fact sheet: FL Fidelity European Opps AP

Fund information
Fund name
FL Fidelity European Opportunities AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Alberto Chiandettisince 30/09/2014
Underlying fund
Fidelity European Opps
Fund objective
Fidelity state that the fund aims to provide long-term capital growth. The policy is to invest primarily in the shares of continental European companies. The manager has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.
Benchmark
  • FTSE World Europe EX UK
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
29.8%
1 Year rank in sector
114/359
Sector
PN Europe Excluding UK
Yield
-
Fund size
£1m (£1m 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.
105
Top in this sector
Fund name1 Year
Zurich Nept EuroOppsPn45.5%
Scot Eq Neptune Eur Opps Pn45.4%
RLP EurSpl(NeptuneEurpOpp)Pn44.2%
SIP Neptune Eurpn Opps Pn43.9%
L&G Neptune European Opps Pn43.3%
...more in PN Europe Excluding UK

Performance snapshot

Holdings snapshot

  • France20.1%
    Germany18.9%
    Switzerland14%
    UK11.3%
    Spain9.1%
  • Industrials21.7%
    Health Care19.2%
    Consumer Goods16.7%
    Financials16.3%
    Consumer Services8.7%
  • French Equities20.1%
    German Equities18.9%
    Swiss Equities14%
    UK Equities11.3%
    Spanish Equities9.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.5%2.9%16.4%29.8%34.8%101.1%
Sector6.6%4%13.8%26.9%28.4%91.7%
Rank within sector185 / 367239 / 36976 / 368114 / 35943 / 34192 / 313
Quartile3rd3rd1st2nd1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund3.8%18.1%14.6%-1.8%21.5%
Sector3.5%15.8%9.4%-0.2%25.6%
Rank within sector115 / 367127 / 35942 / 353269 / 341262 / 329
Quartile2nd2nd1st4th4th
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.
1.45
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.
1.04
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.
0.51
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%.
12.52
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.
3.4
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.
0.48
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.
0.92
Price movement
52 week high461.2
52 week low340.9
Current bid price-
Current offer price-
Current mid price463.8
Region
1France20.09%
2Germany18.86%
3Switzerland13.97%
4UK11.27%
5Spain9.07%
6Netherlands8.32%
7Italy5%
8Norway4.59%
9Money Market4.3%
Industry sector
1Industrials21.72%
2Health Care19.16%
3Consumer Goods16.71%
4Financials16.26%
5Consumer Services8.73%
6Technology6.8%
7Money Market4.3%
8Oil & Gas4.01%
9Utilities2.32%
Asset type
1French Equities20.09%
2German Equities18.86%
3Swiss Equities13.97%
4UK Equities11.27%
5Spanish Equities9.07%
6Dutch Equities8.32%
7Italian Equities5%
8Norwegian Equities4.59%
9Money Market4.3%
Individual holdings
1NESTLE SA4.94%
2FRESENIUS MEDICAL CARE AG & CO.KGAA4.56%
3SAP SE4.47%
4FIDELITY INSTITUTIONAL LIQUIDITY EUR A DIS4%
5KONINKLIJKE PHILIPS NV4%
6ROCHE HLDG AG4%
7ROYAL DUTCH SHELL3.89%
8PUBLICIS GROUPE SA3.72%
9SANOFI3.68%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Fidelity state that the fund aims to provide long-term capital growth. The policy is to invest primarily in the shares of continental European companies. The manager has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.
Benchmark
  • FTSE World Europe EX UK
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alberto Chiandetti30/09/2014Alberto Chiandetti, the portfolio manager, has over 14 years investment research experience. He joined Fidelity in July 2006 as an equity analyst, working from the Milan office and focusing on small and mid cap Italian stocks. He was promoted to portfolio manager in 2008. Prior to joining Fidelity, he spent 8 years working as an equity analyst with Euromobiliare SIM (currently Equita SIM), Italy, where he covered the Italian media, building materials and transport sectors. Alberto has a BSc from the Università Commerciale “L.Bocconi”, Milan and is also a CFA Charterholder. Alberto Chiandetti was awarded the Silver Rating Analyst Award by Morningstar for the FF Italy Fund in 2012.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Fidelity European Opportunities AP
Initial charge-
Annual charge1.04%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price463.8
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEY38
FL Fidelity European Opportunities AP Inet
Initial charge-
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.03%
Bid price-
Offer price-
Mid price428
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEN85
Data provided by

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