Fact sheet: M&G Pan European Select

Fund information
Fund name
M&G Pan European Select I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • John William Olsensince 30/06/2014
  • Michael Oliverossince 10/07/2016
Fund objective
The fund aims to maximise long-term total return (the combination of income and growth of capital) through a concentrated portfolio of between 25 and 35 holdings from across Europe, including 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
  • MSCI Europe
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
10.3%
1 Year rank in sector
2/13
Sector
UT Europe Including UK
Yield
1.9%
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.
0.92%
Fund size
£170m (£143m 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.
96
Mid price
1574.61
Top in this sector
Fund name1 Year
M&G Eurpn Strat Value12.7%
M&G Pan European Select10.3%
Blackrock Inst Eq Cont Eur8.5%
Fidelity Pan European8.1%
GAM European Gth & Val7.8%
...more in UT Europe Including UK

Performance snapshot

Holdings snapshot

  • Germany29.3%
    UK25.2%
    Denmark13.5%
    Switzerland8%
    Spain4.6%
  • Consumer Discretionary20.8%
    Health Care18.1%
    Industrials15.1%
    Financials13.9%
    Consumer Staples10.6%
  • German Equities29.3%
    UK Equities25.2%
    Danish Equities13.5%
    Swiss Equities8%
    Spanish Equities4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.6%-6.2%5.4%10.3%20.1%61%
Sector-5%-2.5%4%4.9%12.7%56.8%
Rank within sector12 / 1512 / 154 / 142 / 132 / 119 / 11
Quartile4th4th2nd1st1st4th
Calendar performance
 YTD - 20162015201420132012
Fund10.8%8.1%-2.2%20%17.3%
Sector4.9%7.7%-2.3%25.5%15.3%
Rank within sector2 / 136 / 1310 / 1211 / 116 / 11
Quartile1st2nd4th4th3rd
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.
1.22
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.
1.04
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.
0.31
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%.
10.99
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.
3.72
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.
0.36
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 high1743.23
52 week low1289.7
Current bid price-
Current offer price-
Current mid price1574.61
Region
1Germany29.28%
2UK25.18%
3Denmark13.47%
4Switzerland7.97%
5Spain4.62%
6Sweden4.47%
7Netherlands3.96%
8Norway3.58%
9Money Market3.54%
Industry sector
1Consumer Discretionary20.78%
2Health Care18.06%
3Industrials15.1%
4Financials13.88%
5Consumer Staples10.58%
6Information Technology9.79%
7Materials4.7%
8Energy3.58%
9Money Market3.54%
Asset type
1German Equities29.28%
2UK Equities25.18%
3Danish Equities13.47%
4Swiss Equities7.97%
5Spanish Equities4.62%
6Swedish Equities4.47%
7Dutch Equities3.96%
8Norwegian Equities3.58%
9Money Market3.54%
Individual holdings
1NESTLE SA5.4%
2SAP SE5.17%
3AMADEUS IT GROUP SA4.62%
4DSV4.49%
5ING GROEP N.V.3.96%
6WH SMITH PLC3.8%
7GLAXOSMITHKLINE3.71%
8STATOIL ASA3.58%
9BAYER AG3.52%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to maximise long-term total return (the combination of income and growth of capital) through a concentrated portfolio of between 25 and 35 holdings from across Europe, including 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
  • MSCI Europe
Investment style
Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
John William Olsen30/06/2014John 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 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.
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, Hong Kong, Ireland, Italy, Republic Of Korea, Luxembourg, Macau, Netherlands, Norway, Singapore, Sweden, Taiwan - Province Of China
M&G Pan 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 price16.8394
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMM37
M&G Pan 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 price361.08
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMA70
M&G Pan European Select A Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price9.256
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJ2D
M&G Pan 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 price178.92
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMA69
M&G Pan European Select B Acc EUR
Initial charge1.25%
Annual charge2%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)2.16%
Total expense ratio (TER)2.16%
Bid price-
Offer price-
Mid price9.993
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN16T
M&G Pan 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 price18.9033
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMM39
M&G Pan European Select 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 price9.4199
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKJ2E
M&G Pan 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)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price1574.61
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZFK
M&G Pan 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)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price1399.96
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZFL
M&G Pan European Select R Acc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price155.64
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZFM
M&G Pan European Select R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price138.2
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZFN
M&G Pan 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 price356.83
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMW65
M&G Pan 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 price176.96
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMW64
Data provided by

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