Fact sheet: FL Henderson European Gth AP

Fund information
Fund name
FL Henderson European Growth AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Simon Rowesince 08/04/2009
Underlying fund
Henderson European Grth
Fund objective
Henderson state that the objective of the fund is to achieve growth over the long term. The policy, under normal circumstances, is to invest mainly in shares of European companies in any industry. The fund may also invest in shares of companies in other regions, bonds of any quality from any issuer, money market instruments and bank deposits. In choosing investments, the manager looks for stocks that appear to have greater potential to rise in price over the long term than is reflected in current market prices.
Benchmark
  • IA Europe (ex UK) Sector
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
13.3%
1 Year rank in sector
46/359
Sector
PN Europe Excluding UK
Yield
-
Fund size
£5m (£6m 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.
97
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

  • Switzerland18.6%
    France15.5%
    Netherlands14.5%
    Germany14.4%
    Sweden9.5%
  • Chemicals13.9%
    Industrials13%
    Biotechnology/Medical9%
    Media8.1%
    Banks7.7%
  • Swiss Equities18.6%
    French Equities15.5%
    Dutch Equities14.5%
    German Equities14.4%
    Swedish Equities9.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-4.3%6.2%13.3%37%94.6%
Sector-3.5%-2.2%6.6%9%21.7%70.3%
Rank within sector60 / 369306 / 369222 / 36846 / 35913 / 34027 / 312
Quartile1st4th3rd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund11.2%12.8%5.4%26.4%17.8%
Sector7.3%9.4%-0.2%25.6%19.2%
Rank within sector51 / 35966 / 3539 / 341123 / 329198 / 311
Quartile1st1st1st2nd3rd
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.
4.41
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.
0.64
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%.
11.85
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.
3.74
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.
1.17
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.
0.9
Price movement
52 week high581.6
52 week low432.5
Current bid price-
Current offer price-
Current mid price528.8
Region
1Switzerland18.63%
2France15.49%
3Netherlands14.52%
4Germany14.41%
5Sweden9.51%
6Finland8.36%
7Denmark6.18%
8UK4.32%
9Ireland2.49%
Industry sector
1Chemicals13.86%
2Industrials13%
3Biotechnology/Medical9%
4Media8.11%
5Banks7.67%
6Building & Construction7.52%
7Support Services6.47%
8Travel5.47%
9Food Producers4.67%
Asset type
1Swiss Equities18.63%
2French Equities15.49%
3Dutch Equities14.52%
4German Equities14.41%
5Swedish Equities9.51%
6Finnish Equities8.36%
7Danish Equities6.18%
8UK Equities4.32%
9Irish Equities2.49%
Individual holdings
1RELX NV4.24%
2SAMPO CORP4.08%
3WOLTERS-KLUWER NV3.86%
4DCC3.76%
5SIKA AG3.42%
6NOVO-NORDISK AS3.23%
7HUHTAMAKI OYJ3.07%
8ELIOR GROUP2.91%
9NORDEA BANK AB2.75%
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 to achieve growth over the long term. The policy, under normal circumstances, is to invest mainly in shares of European companies in any industry. The fund may also invest in shares of companies in other regions, bonds of any quality from any issuer, money market instruments and bank deposits. In choosing investments, the manager looks for stocks that appear to have greater potential to rise in price over the long term than is reflected in current market prices.
Benchmark
  • IA Europe (ex UK) Sector
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Simon Rowe08/04/2009Simon Rowe is a fund manager in the Henderson European Equities team. He joined Henderson in 2009 from New Star Asset Management and has more than 20 years of investment experience. Simon began his career as a financial journalist joining the Investors Chronicle, part of the Financial Times Group, in 1986. In 1989 Simon moved to Germany as economics editor of a Munich-based radio station. He then worked as a German equity analyst at Kleinwort Benson and subsequently at Smith New Court. From 1993 until 2001 Simon worked as a freelance management consultant and private equity advisor. He joined New Star in 2001 as a European equities fund manager. Simon graduated from Cambridge University where he attained a BA in History.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Henderson European Growth AP
Initial charge-
Annual charge0.92%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price528.8
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEY90
FL Henderson European Growth AP Inet
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price496.9
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEM67
Data provided by

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