Fact sheet: Fidelity France

Fund information
Fund name
Fidelity France A EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Vincent Durelsince 01/01/2007
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in French company shares. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • CAC All-Tradable (N)
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
-2.5%
1 Year rank in sector
51/92
Sector
FO Equity - Europe Single Country
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.94%
Fund size
£214m (£244m 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
Top in this sector
Fund name1 Year
Pictet Russian Equities78.9%
HSBC GIF Russia Equity62.5%
Pictet Russia Index58.8%
Baring Russia54.9%
SEB 2 Russia39.4%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • France95.1%
    Switzerland4%
    Netherlands0.9%
  • Industrials23.2%
    Consumer Goods19.5%
    Financials16.6%
    Oil & Gas11.2%
    Health Care10.9%
  • French Equities95.1%
    Swiss Equities4%
    Dutch Equities0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.5%0%1.3%-2.5%20.4%74.7%
Sector2.6%-1.4%3%2.2%17.8%57.4%
Rank within sector15 / 9328 / 9349 / 9351 / 9233 / 8232 / 77
Quartile1st2nd3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-1.2%14.4%2.9%18.2%27%
Sector4.1%9.2%1.7%17.5%18.4%
Rank within sector46 / 9336 / 8954 / 8256 / 7913 / 77
Quartile2nd2nd3rd3rd1st
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.
0.86
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.
0.11
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%.
13.11
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.
7.73
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.
0.03
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.
0.65
Price movement
52 week high51.15
52 week low42.24
Current bid price-
Current offer price-
Current mid price48.89
Region
1France95.1%
2Switzerland4%
3Netherlands0.9%
Industry sector
1Industrials23.2%
2Consumer Goods19.5%
3Financials16.6%
4Oil & Gas11.2%
5Health Care10.9%
6Technology9.5%
7Consumer Services4.4%
8Basic Materials3.4%
9Utilities1.3%
Asset type
1French Equities95.1%
2Swiss Equities4%
3Dutch Equities0.9%
Individual holdings
1TOTAL SA9.28%
2L`OREAL7.39%
3CHRISTIAN DIOR SE5.96%
4AXA5.61%
5SOCIETE GENERALE5.17%
6EIFFAGE4.4%
7SCHNEIDER ELECTRIC SE4.38%
8LAFARGEHOLCIM LTD4%
9AIRBUS GROUP SE3.61%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in French company shares. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • CAC All-Tradable (N)
Investment style
Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Vincent Durel01/01/2007Vicent Durel joined Fidelity as a Senior Research Analyst in June 2004. He became a Portfolio Manager in January 2007. Prior to Fidelity, Vincent has worked with Kepler Securities and Jefferies International as a Research Analyst. Vincent is a Certified Financial Analyst from SFAF (French Society of Financial Analysts). Vincent Durel was born in Neuilly sur Seine, France in 1972. He attended the Assas University (Paris II) where he gained the DESS in finance. Vincent started his career in 1997 as a research analyst of French equities at Jefferies International. In 2002 he joined Kepler Equities (formerly Julius Baer Brokerage) where he also worked as a research analyst of French equities. Vincent joined Fidelity International in 2004 where he is currently a fund manager, and uses a stock picking approach to investing. Outside of fund management he enjoys tennis, skiing, chess and music.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China
Fidelity France A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price14.22
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG845
Fidelity France A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price48.89
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFI97
Fidelity France I Acc EUR
Initial charge1%
Annual charge0.8%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.19
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9CP
Fidelity France Y Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price12.71
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMEZ5
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