Fact sheet: M&G European Select

Fund information
Fund name
M&G European Select I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Michael Oliverossince 10/07/2016
  • John William Olsensince 10/07/2016
Fund objective
The fund seeks to generate long-term capital growth through a concentrated portfolio of between 35 and 45 holdings from across Europe, excluding the UK. Stocks are selected based on their individual merits, with a focus on quality businesses where an element of change is helping to drive their value. Crucially, the fund manager will purchase shares in a company when short-term issues have provided a clear valuation opportunity, with a view to holding those shares over the long term.
Benchmark
  • FTSE World Europe EX UK
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
9.4%
1 Year rank in sector
65/96
Sector
UT Europe Excluding UK
Yield
1.6%
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.
0.93%
Fund size
£217m (£171m 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.
105
Mid price
1595.15
Top in this sector
Fund name1 Year
Marlborough Eurpn Multi-Cap31.2%
Neptune European Opps21.9%
Liontrust European Growth20%
Aviva Inv Euro Equity MoM 219.1%
Baillie Gifford European17.6%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Germany27.4%
    Switzerland16.5%
    Denmark11%
    Sweden10.9%
    Netherlands7.8%
  • Industrials25.8%
    Consumer Goods21.6%
    Financials13.8%
    Health Care12.7%
    Basic Materials10.1%
  • German Equities27.4%
    Swiss Equities16.5%
    Danish Equities11%
    Swedish Equities10.9%
    Dutch Equities7.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.4%-3%6.1%9.4%19.9%63.8%
Sector-1.9%-1.4%6.9%10.5%22%73.6%
Rank within sector66 / 10175 / 10059 / 9965 / 9663 / 8767 / 79
Quartile3rd3rd3rd3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund8%9.9%-1.6%21.9%18.6%
Sector8.6%9.1%-0.7%27.3%19.2%
Rank within sector60 / 9845 / 9159 / 8770 / 8147 / 79
Quartile3rd2nd3rd4th3rd
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.
-0.34
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.
1.03
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.
0.23
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%.
11.35
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.
2.28
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.
-0.09
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 high1743.26
52 week low1313.29
Current bid price-
Current offer price-
Current mid price1595.15
Region
1Germany27.39%
2Switzerland16.46%
3Denmark11.02%
4Sweden10.88%
5Netherlands7.81%
6France7%
7Spain5.35%
8Money Market2.84%
9Austria2.3%
Industry sector
1Industrials25.76%
2Consumer Goods21.55%
3Financials13.82%
4Health Care12.72%
5Basic Materials10.11%
6Consumer Services4.67%
7Oil & Gas4.33%
8Technology4.2%
9Money Market2.84%
Asset type
1German Equities27.39%
2Swiss Equities16.46%
3Danish Equities11.02%
4Swedish Equities10.88%
5Dutch Equities7.81%
6French Equities7%
7Spanish Equities5.35%
8Money Market2.84%
9Austrian Equities2.3%
Individual holdings
1NESTLE SA5.29%
2ING GROEP N.V.4.51%
3SAP SE4.2%
4BAYER AG3.66%
5ROCHE HLDG AG3.48%
6AMADEUS IT GROUP SA3.39%
7NOVARTIS AG3.34%
8UNILEVER3.3%
9NOVO-NORDISK AS3.29%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund seeks to generate long-term capital growth through a concentrated portfolio of between 35 and 45 holdings from across Europe, excluding the UK. Stocks are selected based on their individual merits, with a focus on quality businesses where an element of change is helping to drive their value. Crucially, the fund manager will purchase shares in a company when short-term issues have provided a clear valuation opportunity, with a view to holding those shares over the long term.
Benchmark
  • FTSE World Europe EX UK
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Michael Oliveros10/07/2016Michael Oliveros was appointed manager of the M&G European Smaller Companies Fund in January 2016, having co-managed the fund since July 2015. He is also deputy manager of the M&G European Select Fund and the M&G Pan European Select Fund. Michael joined M&G in June 2011 as an analyst on the Leaders team, becoming deputy manager of the Global Leaders Fund in January 2013, a position he held until April 2016. Michael previously worked at Credit Suisse for six years, three of these as the market strategist and head of custom solutions in the HOLT group. Prior to Credit Suisse, he worked as an investment banking associate at Valuemetrics Advisors and as a management consultant at SCA Consulting. Michael graduated from the University of Illinois at Urbana-Champaign in 1998 with a BS in finance, minoring in technology and management. He is a CFA charterholder.
John William Olsen10/07/2016John William Olsen, a Danish national, joined M&G in April 2014, and was appointed fund manager of the M&G Global Select Fund and M&G Pan European Select Fund in July 2014. He was later appointed manager of the M&G European Select Fund and deputy manager of the M&G European Smaller Companies Fund in July 2016. John William joined M&G from Danske Capital, where from 2002 he had managed non-domestic equity portfolios, including the Global Stock Picking and Global Select equity funds, and also the European Select strategy. He joined Danske Capital in 1998 as a fund manager on the domestic Danish equities team, and in 2000 also became a global sector analyst focusing on technology and telecommunications stocks. John William gained a BA in business economics and then an MSc in finance and accounting from Copenhagen Business School.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, SRS, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Singapore, Sweden, Taiwan - Province Of China
M&G European Select A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price14.0866
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMM45
M&G European Select A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price2451.18
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMG10
M&G European Select A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price1633.63
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMG40
M&G European Select C Acc EUR
Initial charge3.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price15.8149
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMM47
M&G European Select I Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price1595.15
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZD7
M&G European Select I Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price1483.89
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZD8
M&G European Select R Acc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price157.86
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZD9
M&G European Select R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price148.39
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZDA
M&G European Select X Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price2425.37
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMW63
M&G European Select X Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price1617.54
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMW62
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.