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 30/06/2013
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
-7.1%
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
£103m (£131m 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.
99
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European26.6%
GS Eur CORE Eq Portfolio22.2%
JOHCM European Sel Val17.8%
EP Pan European Opportunities17.1%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • France21%
    Germany19.6%
    UK14.1%
    Spain10.8%
    Ireland8.2%
  • Consumer Discretionary27.2%
    Consumer Staples15.3%
    Financials12.7%
    Industrials12.1%
    Health Care11%
  • French Equities21%
    German Equities19.6%
    UK Equities14.1%
    Spanish Equities10.8%
    Irish Equities8.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.2%-1.6%-1.7%-7.1%12%54.7%
Sector3.3%-1.1%-0.6%-4.3%15.4%60.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-7.2%22.7%-5.6%20.9%16.3%
Sector-3.7%11.1%4.2%21.1%17.6%
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.
-1.27
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.
1.11
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
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%.
14.58
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.
5.63
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.
-0.2
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 high397.77
52 week low323.58
Current bid price-
Current offer price-
Current mid price366.05
Region
1France20.98%
2Germany19.61%
3UK14.14%
4Spain10.8%
5Ireland8.15%
6Switzerland7.49%
7Sweden5.13%
8Netherlands3.92%
9Money Market2.63%
Industry sector
1Consumer Discretionary27.16%
2Consumer Staples15.25%
3Financials12.72%
4Industrials12.11%
5Health Care10.96%
6Information Technology8.18%
7Telecommunications Utilities3.92%
8Energy3.7%
9Materials3.37%
Asset type
1French Equities20.98%
2German Equities19.61%
3UK Equities14.14%
4Spanish Equities10.8%
5Irish Equities8.15%
6Swiss Equities7.49%
7Swedish Equities5.13%
8Dutch Equities3.92%
9Money Market2.63%
Individual holdings
1HENKEL AG & CO KGAA4.74%
2HEXAGON AB4.42%
3DISTRIBUIDORA INTL DE ALIMENTACION3.92%
4KONINKLIJKE KPN NV3.74%
5ZALANDO SE3.73%
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 Elbi30/06/2013Can 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)1.6%
Bid price-
Offer price-
Mid price210.54
CurrencyEUR
Price updated07/12/2016
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)1.61%
Bid price-
Offer price-
Mid price366.05
CurrencyEUR
Price updated07/12/2016
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)1.14%
Bid price-
Offer price-
Mid price410.67
CurrencyEUR
Price updated07/12/2016
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)2.25%
Bid price-
Offer price-
Mid price82.57
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJE36
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