Fact sheet: M&G European Smaller Cos

Fund information
Fund name
M&G European Smaller Companies I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Michael Oliverossince 31/12/2015
  • John William Olsensince 10/07/2016
Fund objective
The fund invests in shares of smaller European companies, with the aim of generating long-term capital growth. The fund is a high-conviction portfolio of between 30 and 60 stocks, focusing primarily on companies which make up the bottom third in terms of total market capitalisation. 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
  • Euromoney Smaller European Companies Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
16.3%
1 Year rank in sector
3/12
Sector
UT European Smaller Companies
Yield
1.3%
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.
0.94%
Fund size
£125m (£114m 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.
92
Mid price
1897.09
Top in this sector
Fund name1 Year
Henderson European Sm Cos21.5%
Baring Europe Select18.6%
M&G European Smaller Cos16.3%
Stan Life Inv ErexUKSlCo14.1%
Schroder European Smaller Cos13.9%
...more in UT European Smaller Companies

Performance snapshot

Holdings snapshot

  • Germany22%
    UK21.1%
    Switzerland9%
    France8.5%
    Spain7.1%
  • Industrials35.9%
    Consumer Goods16.3%
    Financials15.4%
    Technology10%
    Health Care9.9%
  • German Equities22%
    UK Equities21.1%
    Swiss Equities9%
    French Equities8.5%
    Spanish Equities7.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%0.7%8.3%16.3%31.4%103.7%
Sector-2.9%-2.2%6.3%12.6%34.4%104.3%
Rank within sector2 / 123 / 125 / 123 / 1210 / 119 / 11
Quartile1st1st2nd1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund13.3%20.2%-6.7%28.5%28.2%
Sector9.5%20.2%-1.7%32.4%22.5%
Rank within sector3 / 128 / 1111 / 118 / 112 / 11
Quartile1st3rd4th3rd1st
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.
0.32
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.
0.97
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.
0.53
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%.
11.02
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.
3.58
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.
0.9
Price movement
52 week high2021.01
52 week low1465.56
Current bid price-
Current offer price-
Current mid price1897.09
Region
1Germany22.02%
2UK21.09%
3Switzerland9.03%
4France8.46%
5Spain7.06%
6Sweden5.52%
7Ireland4.94%
8Denmark4.39%
9Austria4.34%
Industry sector
1Industrials35.91%
2Consumer Goods16.27%
3Financials15.41%
4Technology9.97%
5Health Care9.92%
6Consumer Services4.87%
7Oil & Gas4.81%
8Basic Materials2.07%
9Money Market0.77%
Asset type
1German Equities22.02%
2UK Equities21.09%
3Swiss Equities9.03%
4French Equities8.46%
5Spanish Equities7.06%
6Swedish Equities5.52%
7Irish Equities4.94%
8Danish Equities4.39%
9Austrian Equities4.34%
Individual holdings
1LEIFHEIT AG3.62%
2JARDINE LLOYD THOMPSON GROUP3.24%
3THULE GROUP AB3.24%
4DISTRIBUCION INTEGRAL LOGISTA HOL3.11%
5INDIVIOR PLC3.09%
6CRITEO S.A3.04%
7FINTECH GLOBAL INC3.02%
8WH SMITH PLC2.88%
9CTS EVENTIM AG & CO KGAA2.75%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund invests in shares of smaller European companies, with the aim of generating long-term capital growth. The fund is a high-conviction portfolio of between 30 and 60 stocks, focusing primarily on companies which make up the bottom third in terms of total market capitalisation. 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
  • Euromoney Smaller European Companies Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Michael Oliveros31/12/2015Michael 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, Gulf Cooperation Council, Ireland, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Singapore, Sweden, Taiwan - Province Of China
M&G European Smaller Companies A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price30.4012
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMO17
M&G European Smaller Companies A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price349.33
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMG26
M&G European Smaller Companies A Acc USD
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 price10.1785
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJ2H
M&G European Smaller Companies A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price332.22
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMG27
M&G European Smaller Companies 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)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price33.9396
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMO18
M&G European Smaller Companies C Acc USD
Initial charge3.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price10.3628
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKJ2I
M&G European Smaller Companies I Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price1897.09
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZDF
M&G European Smaller Companies I Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price1805.4
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZDG
M&G European Smaller Companies R Acc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price187.7
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZDH
M&G European Smaller Companies R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price180.09
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZDI
M&G European Smaller Companies X Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price345.1
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMW69
M&G European Smaller Companies X Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price328.63
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMW68
Data provided by

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