Fact sheet: JB Mltstck Erp Fcs

Fund information
Fund name
JB Multistock Europe Focus B EUR
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Can Elbisince 01/07/2013
Fund objective
The fund provides exposure to a concentrated equity portfolio of European companies (typically 30 - 35 individual positions). The highly active investment approach revolves around a bottom-up, fundamental research driven as well as valuation-focused, and sometimes contrarian, investment strategy. The fund is suitable for longer-term oriented investors looking to generate unconstrained outperformance of the MSCI Europe (net) index over a rolling 12-month period, by hunting market inefficiencies in European equities through active stock picking.
Benchmark
  • MSCI Europe Index ND
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
8.6%
1 Year rank in sector
-
Sector
FO Equity - Europe inc 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.
1.97%
Fund size
£132m (£112m 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.
103
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC46.9%
EP Pan European Opportunities29.6%
E.I.Sturdza StEurpSmCos27.5%
GS Eur CORE Eq Portfolio24.6%
Mirabaud Eqts PanEur SmllMid22.7%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • France19%
    Germany17.9%
    Ireland15.7%
    UK12.7%
    Spain11.4%
  • Consumer Discretionary29.4%
    Financials14.5%
    Consumer Staples13.7%
    Health Care9.4%
    Information Technology7.9%
  • French Equities19%
    German Equities17.9%
    Irish Equities15.7%
    UK Equities12.7%
    Spanish Equities11.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%5.5%10%8.6%19%52.5%
Sector0.3%4.4%8.9%8.5%19.7%59.8%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund6.3%-3.8%22.7%-5.6%20.9%
Sector5.1%-0.6%11.1%4.2%21.1%
Rank within sector-----
Quartile
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.
-0.54
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.
1.1
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.
0.15
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%.
14.55
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.
5.47
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.
0.87
Price movement
52 week high405.5
52 week low323.58
Current bid price-
Current offer price-
Current mid price402.97
Region
1France19.03%
2Germany17.89%
3Ireland15.72%
4UK12.7%
5Spain11.37%
6Netherlands6.56%
7Switzerland5.91%
8Money Market3.26%
9Sweden2.2%
Industry sector
1Consumer Discretionary29.45%
2Financials14.53%
3Consumer Staples13.67%
4Health Care9.45%
5Information Technology7.88%
6Industrials7.85%
7Materials6.65%
8Energy3.99%
9Telecommunications Utilities3.28%
Asset type
1French Equities19.03%
2German Equities17.89%
3Irish Equities15.72%
4UK Equities12.7%
5Spanish Equities11.37%
6Dutch Equities6.56%
7Swiss Equities5.91%
8Money Market3.26%
9Swedish Equities2.2%
Individual holdings
1SAP SE4.73%
2DISTRIBUIDORA INTL DE ALIMENTACION4.1%
3SOCIETE GENERALE4.07%
4TOTAL SA3.99%
5ROCHE HLDG AG3.86%
6LVMH MOET HENNESSY VUITTON SE3.75%
7KINGSPAN GROUP3.52%
8FRESENIUS SE & CO KGAA3.5%
9RYANAIR HLDGS3.41%
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The fund provides exposure to a concentrated equity portfolio of European companies (typically 30 - 35 individual positions). The highly active investment approach revolves around a bottom-up, fundamental research driven as well as valuation-focused, and sometimes contrarian, investment strategy. The fund is suitable for longer-term oriented investors looking to generate unconstrained outperformance of the MSCI Europe (net) index over a rolling 12-month period, by hunting market inefficiencies in European equities through active stock picking.
Benchmark
  • MSCI Europe Index ND
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Can Elbi01/07/2013Can Elbi is a Portfolio Manager of the JB Europe Focus Fund, responsible for European small & mid-cap stocks. Prior to joining GAM Group in May 2013, he was Senior Portfolio Manager at Bellevue Asset Management and founder of BB Capital, Bellevue's hedge fund platform. In his previous positions, he was responsible for strategic investments & proprietary trading at Bank Sal. Oppenheim, Senior Analyst for Swiss equities at Crédit Agricole Cheuvreux, and responsible for coverage of the European Technology Hardware & Equipment sub-sector at Credit Suisse First Boston in London and Zurich. Can Elbi holds a Master in Business Administration in Finance & Investments from the University of Southern California, Los Angeles, USA and a Bachelor of Science in Computer and Systems Engineering (summa cum laude) of Rensselaer Polytechnic Institute, Troy, USA. He is based in Zurich.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Denmark, Spain, Estonia, France, United Kingdom, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Peru, Sweden
JB Multistock Europe Focus A EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price231.77
CurrencyEUR
Price updated19/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJI61
JB Multistock Europe Focus B EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price402.97
CurrencyEUR
Price updated19/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJE37
JB Multistock Europe Focus C EUR
Initial charge5%
Annual charge0.55%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price453.33
CurrencyEUR
Price updated19/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJH07
JB Multistock Europe Focus E EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price90.65
CurrencyEUR
Price updated19/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJE36
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.