Fact sheet: M&G European Smaller Cos

Fund information
Fund name
M&G European Smaller Companies A Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • John William Olsensince 10/07/2016
  • Michael Oliverossince 31/12/2015
Fund objective
The fund is at least 70% invested in the shares of smaller European companies, with the aim of generating capital growth over the long term (five years or more). The fund generally invests in 30 to 60 stocks, focusing primarily on companies that make up the bottom third of all publically listed firms in Europe, in terms of their stockmarket value. 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
34.3%
1 Year rank in sector
-
Sector
UT European Smaller Companies
Yield
0.5%
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.
1.69%
Fund size
£129m (£109m 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.
93
Mid price
391.13
Top in this sector
Fund name1 Year
Henderson European Sm Cos39.4%
M&G European Smaller Cos34.3%
Aberdeen European Sm Cos31.6%
Schroder European Smaller Cos31.1%
Baring Europe Select28.7%
...more in UT European Smaller Companies

Performance snapshot

Holdings snapshot

  • UK20.8%
    Germany20.3%
    Switzerland10.4%
    France9%
    Spain7%
  • Industrials37.9%
    Consumer Goods15.6%
    Financials12.9%
    Technology11.2%
    Health Care8.8%
  • UK Equities20.8%
    German Equities20.3%
    Swiss Equities10.4%
    French Equities9%
    Spanish Equities7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%10.8%11.8%34.3%36.9%94.3%
Sector2%10.2%8.5%29.7%41.3%106.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund5.8%18.9%19.3%-7.4%27.5%
Sector4.7%16.6%20.2%-1.7%32.4%
Rank within sector-----
Quartile
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.
0.1
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.
0.98
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.
0.7
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%.
11.31
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.
3.69
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.
-0.05
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.
0.89
Price movement
52 week high392.08
52 week low291.62
Current bid price-
Current offer price-
Current mid price391.13
Region
1UK20.82%
2Germany20.34%
3Switzerland10.4%
4France9.02%
5Spain7.04%
6Ireland5.87%
7Denmark4.33%
8Austria4.26%
9USA3.22%
Industry sector
1Industrials37.86%
2Consumer Goods15.55%
3Financials12.85%
4Technology11.22%
5Health Care8.82%
6Oil & Gas5.08%
7Consumer Services4.87%
8Basic Materials1.95%
9Money Market1.8%
Asset type
1UK Equities20.82%
2German Equities20.34%
3Swiss Equities10.4%
4French Equities9.02%
5Spanish Equities7.04%
6Irish Equities5.87%
7Danish Equities4.33%
8Austrian Equities4.26%
9US Equities3.22%
Individual holdings
1LEIFHEIT AG3.35%
2CRITEO S.A3.22%
3DISTRIBUCION INTEGRAL LOGISTA HOL3.19%
4THULE GROUP AB3.1%
5WH SMITH PLC3.1%
6JARDINE LLOYD THOMPSON GROUP2.96%
7OC OERLIKON CORP AG2.79%
8ARBONIA AG2.73%
9ID LOGISTICS2.62%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund is at least 70% invested in the shares of smaller European companies, with the aim of generating capital growth over the long term (five years or more). The fund generally invests in 30 to 60 stocks, focusing primarily on companies that make up the bottom third of all publically listed firms in Europe, in terms of their stockmarket value. 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
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.
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.
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 price33.7678
CurrencyEUR
Price updated21/02/2017
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 price391.13
CurrencyGBX
Price updated21/02/2017
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 price11.0984
CurrencyUSD
Price updated21/02/2017
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 price371.97
CurrencyGBX
Price updated21/02/2017
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 price37.7576
CurrencyEUR
Price updated21/02/2017
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 price11.3176
CurrencyUSD
Price updated21/02/2017
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 price2127.43
CurrencyGBX
Price updated21/02/2017
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 price2024.59
CurrencyGBX
Price updated21/02/2017
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 price210.38
CurrencyGBX
Price updated21/02/2017
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 price201.85
CurrencyGBX
Price updated21/02/2017
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 price386.4
CurrencyGBX
Price updated21/02/2017
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 price367.95
CurrencyGBX
Price updated21/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMW68
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.