Fact sheet: Fidelity Inst EuroBlueChip

Fund information
Fund name
Fidelity Institutional Euro Blue Chip I Acc EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Alexandra Hartmannsince 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 the shares of blue chip companies in countries that are members of the Economic Monetary Union, and at least 70% denominated in Euro. Currently, there are nineteen member countries but if other countries join in the future, then investment in these countries may also be considered for inclusion in the fund. 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. The fund may only be acquired by Institutional Investors. 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
  • MSCI EMU
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-2%
1 Year rank in sector
90/98
Sector
FO Equity - Europe ex UK
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.
0.89%
Fund size
£94m (£111m 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.
93
Top in this sector
Fund name1 Year
Waverton European Income33.6%
J Chahine Dgtl Str Eur Ex UK33.2%
Oyster Cont Euro Select32.9%
Hermes ErEUKEq31.2%
Guinness European Eq Inc29.4%
...more in FO Equity - Europe ex UK

Performance snapshot

Holdings snapshot

  • France22.9%
    Germany18.1%
    UK15.9%
    Netherlands14.9%
    Spain12.9%
  • Industrials17%
    Information Technology16.7%
    Health Care14.8%
    Financials12.3%
    Consumer Staples12.1%
  • French Equities22.9%
    German Equities18.1%
    UK Equities15.9%
    Dutch Equities14.9%
    Spanish Equities12.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%-0.7%0.4%-2%17.8%102.3%
Sector1.5%4.4%5.1%6%23.8%87.4%
Rank within sector66 / 10496 / 10396 / 10290 / 9855 / 8725 / 80
Quartile3rd4th4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-6.7%13.6%5.3%22.2%32.2%
Sector-0%12.7%3.5%23.2%17.8%
Rank within sector94 / 10132 / 9327 / 9053 / 842 / 81
Quartile4th2nd2nd3rd1st
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.
-1.46
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.
1.02
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.
0.27
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%.
12.99
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.
3.56
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.
-0.39
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 high256
52 week low205.1
Current bid price-
Current offer price-
Current mid price228
Region
1France22.9%
2Germany18.1%
3UK15.9%
4Netherlands14.9%
5Spain12.9%
6Switzerland3.9%
7Denmark3.1%
8Others2.6%
9Finland2%
Industry sector
1Industrials17%
2Information Technology16.7%
3Health Care14.8%
4Financials12.3%
5Consumer Staples12.1%
6Telecommunications Utilities10%
7Consumer Discretionary6.9%
8Energy6.5%
9Utilities3.7%
Asset type
1French Equities22.9%
2German Equities18.1%
3UK Equities15.9%
4Dutch Equities14.9%
5Spanish Equities12.9%
6Swiss Equities3.9%
7Danish Equities3.1%
8International Equities2.6%
9Finnish Equities2%
Individual holdings
1UNILEVER NV6.66%
2SAP SE5.43%
3ROYAL DUTCH SHELL4.75%
4BAYER AG4.17%
5IBERDROLA SA3.61%
6INMARSAT3.36%
7L`OREAL2.88%
8AMADEUS IT GROUP SA2.85%
9SANOFI2.78%
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 the shares of blue chip companies in countries that are members of the Economic Monetary Union, and at least 70% denominated in Euro. Currently, there are nineteen member countries but if other countries join in the future, then investment in these countries may also be considered for inclusion in the fund. 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. The fund may only be acquired by Institutional Investors. 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
  • MSCI EMU
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Alexandra Hartmann01/01/2007Alexandra Hartmann is an experienced fund manager with a good performance record managing German and Swiss equity funds. Her process is research intensive and follows a stockpicking approach with a quality bias. She returned to managing this Swiss fund in June 2004 after a break of three and a half years, having previously been responsible for the fund for four and a half years from May 1997.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Finland, France, United Kingdom, Guernsey, Hong Kong, Ireland, Iceland, Italy, Jersey, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Poland, Sweden
Fidelity Institutional Euro Blue Chip I Acc EUR
Initial charge1%
Annual charge0.8%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price228
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFX89
Data provided by

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