Fact sheet: Lazard Gbl Act Pan Er Eq

Fund information
Fund name
Lazard Global Active Pan European Equity EUR
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund managers
  • Paul Selvey Clintonsince 01/09/2014
  • Aaron Barnfathersince 01/03/2008
Fund objective
To achieve consistent long-term capital growth through investment in a diversified portfolio of European equities (including the UK) quoted or traded on Regulated Markets in the European Union, Norway, and Switzerland and in accordance with the restrictions set out in Appendix III to the Prospectus.
Benchmark
  • MSCI Europe
Investment style
None
Investment method
Shares
Quick stats
1 Year return
6.8%
1 Year rank in sector
181/227
Sector
FO Equity - Europe inc UK
Yield
2.3%
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.
2.22%
Fund size
£3m (£24m 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.
100
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 Portfolio24.8%
IVI European23.8%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK20.8%
    France17.6%
    Netherlands15.3%
    Others9%
    Switzerland8.6%
  • Financials24.5%
    Consumer Staples15.8%
    Industrials11%
    Consumer Discretionary9.5%
    Health Care9.5%
  • UK Equities20.8%
    French Equities17.6%
    Dutch Equities15.3%
    International Equities9%
    Swiss Equities8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%6.6%9.7%6.8%22.5%66.6%
Sector0.5%4.6%9.2%8.9%20%60.2%
Rank within sector27 / 23454 / 232118 / 230181 / 22794 / 19882 / 174
Quartile1st1st3rd4th2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund6.6%-5.5%13.1%6.6%22.8%
Sector5.4%-0.6%11.1%4.2%21.1%
Rank within sector73 / 232196 / 22477 / 20573 / 19480 / 180
Quartile2nd4th2nd2nd2nd
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.
0.78
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.
1.01
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.
0.25
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%.
12.84
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.
3.45
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.
0.93
Price movement
52 week high1.58
52 week low1.3
Current bid price-
Current offer price-
Current mid price1.55
Region
1UK20.8%
2France17.6%
3Netherlands15.3%
4Others9%
5Switzerland8.6%
6Germany7.3%
7Italy7.1%
8Ireland4.9%
9Denmark3.6%
Industry sector
1Financials24.5%
2Consumer Staples15.8%
3Industrials11%
4Consumer Discretionary9.5%
5Health Care9.5%
6Information Technology7.8%
7Materials6.7%
8Energy5.9%
9Telecommunications Utilities3.5%
Asset type
1UK Equities20.8%
2French Equities17.6%
3Dutch Equities15.3%
4International Equities9%
5Swiss Equities8.6%
6German Equities7.3%
7Italian Equities7.1%
8Irish Equities4.9%
9Danish Equities3.6%
Individual holdings
1NOVARTIS AG3.7%
2ROYAL DUTCH SHELL3.7%
3UNILEVER3.7%
4BRITISH AMERICAN TOBACCO2.8%
5PRUDENTIAL PLC2.6%
6AXA2.5%
7SAP SE2.5%
8SHIRE PLC2.5%
9ANHEUSER-BUSCH INBEV SA/NV2.3%
Management
Fund manager group
Lazard
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund objective
To achieve consistent long-term capital growth through investment in a diversified portfolio of European equities (including the UK) quoted or traded on Regulated Markets in the European Union, Norway, and Switzerland and in accordance with the restrictions set out in Appendix III to the Prospectus.
Benchmark
  • MSCI Europe
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Paul Selvey Clinton01/09/2014Paul 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
Transparent for Austrian Tax, Transparent for German Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, United Kingdom, Ireland, Italy, Malta, Offshore, Singapore
Lazard Global Active Pan European Equity EUR
Initial charge5%
Annual charge1.5%
Min single investment£500
Min regular saving£10
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price1.5493
CurrencyEUR
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ65
Lazard Global Active Pan European Equity GBP
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.7567
CurrencyGBP
Price updated14/05/2012
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ47
Lazard Global Active Pan European Equity Inst Acc USD
Initial charge-
Annual charge1%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price0.9677
CurrencyUSD
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM3IR
Lazard Global Active Pan European Equity Inst Inc EUR
Initial charge-
Annual charge1%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price1.1778
CurrencyEUR
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK2SA
Data provided by

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