Fact sheet: Lazard European Alpha

Fund information
Fund name
Lazard European Alpha Ret C Acc
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund managers
  • Paul Selvey Clintonsince 31/07/2014
  • Aaron Barnfathersince 01/03/2008
Fund objective
To achieve long-term capital growth by investing in shares of continental European companies.
Benchmark
  • FTSE World Europe EX UK
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
5.6%
1 Year rank in sector
80/96
Sector
UT Europe Excluding 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.
0.88%
Fund size
£55m (£93m 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
Mid price
715
Top in this sector
Fund name1 Year
Marlborough Eurpn Multi-Cap32.6%
Liontrust European Growth20.2%
Neptune European Opps19.2%
Aviva Inv Euro Equity MoM 218.9%
FP CRUX Eurpn Spl Sits16.7%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • France19.7%
    Germany13.7%
    Netherlands12.9%
    Switzerland12.5%
    Italy9.9%
  • Financials20.4%
    Consumer Goods17.5%
    Industrials14.3%
    Health Care9.9%
    Consumer Services9.7%
  • French Equities19.7%
    German Equities13.7%
    Dutch Equities12.9%
    Swiss Equities12.5%
    Italian Equities9.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7.5%-3.2%4.5%5.6%17.6%73.3%
Sector-6.5%-1.4%7.6%9.3%18.2%74.6%
Rank within sector91 / 10179 / 10078 / 9980 / 9647 / 8739 / 79
Quartile4th4th4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4.2%11.1%0.7%26.4%19.3%
Sector8%9.1%-0.7%27.3%19.2%
Rank within sector82 / 9827 / 9131 / 8737 / 8142 / 79
Quartile4th2nd2nd2nd3rd
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.
0.57
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.
0.99
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.
0.49
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%.
10.33
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.
2.07
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.
0.22
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.
0.96
Price movement
52 week high787.6
52 week low604.5
Current bid price-
Current offer price-
Current mid price715
Region
1France19.7%
2Germany13.7%
3Netherlands12.9%
4Switzerland12.5%
5Italy9.9%
6Others9.3%
7Ireland6.4%
8Belgium5.7%
9Norway4.5%
Industry sector
1Financials20.4%
2Consumer Goods17.5%
3Industrials14.3%
4Health Care9.9%
5Consumer Services9.7%
6Basic Materials7.1%
7Technology6.9%
8Telecommunications5.1%
9Others3.2%
Asset type
1French Equities19.7%
2German Equities13.7%
3Dutch Equities12.9%
4Swiss Equities12.5%
5Italian Equities9.9%
6International Equities9.3%
7Irish Equities6.4%
8Belgian Equities5.7%
9Norwegian Equities4.5%
Individual holdings
1NOVARTIS AG5.4%
2AXA4.2%
3SAP SE3.7%
4ANHEUSER-BUSCH INBEV SA/NV3.6%
5SAMPO CORP3.5%
6UNILEVER NV3.2%
7FRESENIUS MEDICAL CARE AG & CO.KGAA3%
8CARLSBERG2.9%
9LINDE AG2.8%
Management
Fund manager group
Lazard Fund Managers
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund objective
To achieve long-term capital growth by investing in shares of continental European companies.
Benchmark
  • FTSE World Europe EX UK
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Paul Selvey Clinton31/07/2014Paul Selvey-Clinton is a Portfolio Manager/Analyst on the European Equity team. Prior to joining Lazard in 2014, Paul worked in a predominantly European focused fund at SAC Global Investors. Before this he was an Equity Analyst and Partner at Occitan Capital. Paul started his career in 2006 as an Equity Analyst at Brevan Howard Asset Management. Paul has a BA (Hons) in Geography from Keble College, Oxford University.
Aaron Barnfather01/03/2008Aaron Barnfather is a Portfolio Manager/Analyst and leads the portfolio management team in London who are responsible for the management of European equities. He began working in the investment field in 1994. Prior to joining Lazard in 2008, Aaron was a Senior Portfolio Manager and lead manager on Newton Investment Management’s pan-European portfolios, launching the Newton European Higher Income fund in 2007. Prior to Newton, he held positions at Royal & Sun Alliance Investment Management on the UK, International and European Equity teams. He has a BA in Business Studies from the University of East London and an MSc in Investment Analysis from Stirling University. Aaron is a member of the UK Society of Investment Professionals (UKSIP).
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Lazard European Alpha Inst Inc
Initial charge-
Annual charge1%
Min single investment£200,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.12%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price625.3
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ44
Lazard European Alpha Ret Acc
Initial charge3.75%
Annual charge1.5%
Min single investment£2,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price693.4
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8X2
Lazard European Alpha Ret C Acc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price715
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGW3B
Lazard European Alpha Ret C Inc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price621.3
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGW3A
Lazard European Alpha Ret Inc
Initial charge3.75%
Annual charge1.5%
Min single investment£2,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price626
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ78
Data provided by

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