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 11/07/2016
  • John William Olsensince 11/07/2016
Fund objective
The fund is at least 80% invested in the shares of European companies, excluding the UK, with the aim of growing capital over the long term (five years or more). The fund is a concentrated portfolio of between 35 and 45 holdings. 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
22.1%
1 Year rank in sector
68/98
Sector
UT Europe Excluding UK
Yield
1.5%
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
£123m (£166m 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.
108
Mid price
1791.86
Top in this sector
Fund name1 Year
Neptune European Opps49.2%
Marlborough Eurpn Multi-Cap45.1%
Schroder Eurpn Alpha Plus34.7%
Schroder Eurpn Alp Inc33.4%
CF Miton Eu Opp32.8%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Germany31.6%
    Switzerland15.3%
    Denmark14.8%
    Netherlands10.6%
    Sweden9.6%
  • Industrials28.6%
    Consumer Goods21%
    Basic Materials13.4%
    Financials13%
    Health Care12%
  • German Equities31.6%
    Swiss Equities15.3%
    Danish Equities14.8%
    Dutch Equities10.6%
    Swedish Equities9.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.3%5%8.1%22.1%30%66.1%
Sector4.7%6.3%9.7%24%30.7%78.7%
Rank within sector97 / 10186 / 10073 / 10068 / 9854 / 8772 / 78
Quartile4th4th3rd3rd3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund4.4%16.2%9.9%-1.6%21.9%
Sector5.6%16.4%9.1%-0.7%27.3%
Rank within sector82 / 10157 / 9844 / 9160 / 8768 / 79
Quartile4th3rd2nd3rd4th
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.
0.23
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.
0.43
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%.
10.93
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.
2.14
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.
0.13
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 high1837.2
52 week low1424.66
Current bid price-
Current offer price-
Current mid price1791.86
Region
1Germany31.55%
2Switzerland15.35%
3Denmark14.81%
4Netherlands10.57%
5Sweden9.64%
6Spain4.84%
7Norway3.62%
8France3.35%
9Austria2.24%
Industry sector
1Industrials28.64%
2Consumer Goods20.98%
3Basic Materials13.39%
4Financials13.02%
5Health Care12.02%
6Technology5.8%
7Oil & Gas3.62%
8Consumer Services2.19%
9Money Market0.34%
Asset type
1German Equities31.55%
2Swiss Equities15.35%
3Danish Equities14.81%
4Dutch Equities10.57%
5Swedish Equities9.64%
6Spanish Equities4.84%
7Norwegian Equities3.62%
8French Equities3.35%
9Austrian Equities2.24%
Individual holdings
1SAP SE5.8%
2UNILEVER5.38%
3ING GROEP N.V.5.19%
4NESTLE SA4.88%
5AMADEUS IT GROUP SA4.84%
6NOVO-NORDISK AS4.73%
7NOVARTIS AG4.66%
8DSV4.5%
9BAYER AG4.19%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund is at least 80% invested in the shares of European companies, excluding the UK, with the aim of growing capital over the long term (five years or more). The fund is a concentrated portfolio of between 35 and 45 holdings. 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 Oliveros11/07/2016Michael 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 Olsen11/07/2016John 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 price15.401
CurrencyEUR
Price updated27/03/2017
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 price2747.2
CurrencyGBX
Price updated27/03/2017
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 price1830.91
CurrencyGBX
Price updated27/03/2017
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 price17.3308
CurrencyEUR
Price updated27/03/2017
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 price1791.86
CurrencyGBX
Price updated27/03/2017
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 price1666.89
CurrencyGBX
Price updated27/03/2017
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 price177.19
CurrencyGBX
Price updated27/03/2017
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 price166.57
CurrencyGBX
Price updated27/03/2017
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 price2718.27
CurrencyGBX
Price updated27/03/2017
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 price1812.88
CurrencyGBX
Price updated27/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMW62
Data provided by

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