Fact sheet: FL Hend Eurpn Sel Opps EP

Fund information
Fund name
FL Henderson European Selected Opportunities EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • John Bennettsince 01/02/2010
  • Asim Rahmansince 11/03/2013
Underlying fund
Henderson Europn Selctd Opps
Fund objective
Henderson state that the objective of the fund is a long-term return (meaning growth of your investment plus income generated) that is above the average return expected from an investment in European shares. The policy under normal circumstances is to invest mainly in shares of European companies in any industry. The fund may also invest in any other type of security that is consistent with its objective, collective investment schemes, money market instruments, bank deposits and derivatives.
Benchmark
  • FTSE World Europe EX UK
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
9.6%
1 Year rank in sector
177/359
Sector
PN Europe Excluding UK
Yield
-
Fund size
£14m (£13m 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.
104
Bid price
315.6
Offer price
315.6
Top in this sector
Fund name1 Year
Guardian Choices European Pn24%
OMW Old Mut Euro (ex UK) Sm Cos22.6%
Zurich Nept EuroOppsPn19.9%
Scot Eq Neptune Eur Opps Pn19.8%
OMW Henderson Euro Sm Cos19.5%
...more in PN Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Switzerland18.9%
    Germany18.1%
    France13.7%
    Netherlands9.7%
    Sweden9.5%
  • Banks21.5%
    Biotechnology/Medical14.7%
    Industrials5.8%
    Chemicals5.5%
    Automotive5.4%
  • Swiss Equities18.9%
    German Equities18.1%
    French Equities13.7%
    Dutch Equities9.7%
    Swedish Equities9.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-2%7.6%9.6%23.7%78.6%
Sector-3.5%-2.2%6.6%9%21.7%70.3%
Rank within sector23 / 369120 / 369147 / 368177 / 359106 / 34091 / 312
Quartile1st2nd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.2%8%2.8%26.8%20.6%
Sector7.3%9.4%-0.2%25.6%19.2%
Rank within sector206 / 359192 / 35354 / 341115 / 329123 / 311
Quartile3rd3rd1st2nd2nd
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.
0.99
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.
0.92
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%.
11
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.
4.14
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.
0.1
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.
0.86
Price movement
52 week high341
52 week low263.8
Current bid price315.6
Current offer price315.6
Current mid price-
Region
1Switzerland18.92%
2Germany18.12%
3France13.69%
4Netherlands9.66%
5Sweden9.48%
6Not Specified4.38%
7Spain4.23%
8Belgium4%
9Denmark3.68%
Industry sector
1Banks21.51%
2Biotechnology/Medical14.73%
3Industrials5.81%
4Chemicals5.51%
5Automotive5.4%
6Software4.96%
7Oil & Gas Exploration & Production4.92%
8Derivatives4.38%
9Household Goods4.07%
Asset type
1Swiss Equities18.92%
2German Equities18.12%
3French Equities13.69%
4Dutch Equities9.66%
5Swedish Equities9.48%
6International Equities4.38%
7Spanish Equities4.23%
8Belgian Equities4%
9Danish Equities3.68%
Individual holdings
1NOVARTIS AG6.72%
2ROCHE HLDG AG4.81%
3SAP SE4.34%
4NESTLE SA3.96%
5AUTOLIV INC3.37%
6NORDEA BANK AB3.07%
7DNB ASA2.61%
8RELX NV2.43%
9HENKEL AG & CO KGAA2.27%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Henderson state that the objective of the fund is a long-term return (meaning growth of your investment plus income generated) that is above the average return expected from an investment in European shares. The policy under normal circumstances is to invest mainly in shares of European companies in any industry. The fund may also invest in any other type of security that is consistent with its objective, collective investment schemes, money market instruments, bank deposits and derivatives.
Benchmark
  • FTSE World Europe EX UK
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
John Bennett01/02/2010John Bennett has a 28-year track record of managing European equities. He joined Henderson as a Director of European Equities in April 2011, as part of the Gartmore acquisition. John manages a number of Continental and Pan European funds as well as European long/short funds. John joined Gartmore in 2010 from GAM where he spent 17 years as a fund manager. During this time he managed their flagship European long only and European equity long/short hedge fund, which was launched in June 1998. Prior to GAM, John was a fund manager at Ivory and Sime and has been a Member of the Chartered Institute of Bankers in Scotland since 1987.
Asim Rahman11/03/2013Asim Rahman joined Henderson in 2011 as a Fund Manager. He previously worked with John Bennett at Gartmore and GAM where he was an Investment Analyst from 2003. Prior to joining GAM, Asim was a Financial Analyst in Goldman Sachs’ Investment Banking Division. Asim holds an MA in Economics from Cambridge University and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Henderson European Selected Opportunities EP
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.5%
Bid price315.6
Offer price315.6
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBY49
FL Henderson European Selected Opportunities EP S3
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.5%
Bid price315.7
Offer price315.7
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW238
Data provided by

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