Fact sheet: Nordea 1 European Val

Fund information
Fund name
Nordea 1 European Value BP EUR
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Tom Stubbe Olsensince 01/11/1998
Fund objective
The fund seeks to provide durable positive absolute returns by applying a disciplined value style approach. The managers consider themselves as business rather than stock market investors. Their approach concentrates on long-term investment and not on market specific factors and short-term phenomena. This means focussing on selecting businesses that will offer upside potential with limited downside risk. The belief that certain businesses have a greater earning power forms the basis of this process. Earning power is defined as a company?s ability to generate substantial discretionary free cash flow over a sustained period of time. The managers believe that only in this way can a company generate wealth for its shareholders, and provide long-term capital appreciation. Investments are made on a business by business basis, irrespective of market capitalisation, sector or industry, and only when share prices represent a significant discount to the intrinsic value of the business.
Benchmark
  • MSCI Europe
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
-1.7%
1 Year rank in sector
53/227
Sector
FO Equity - Europe inc UK
Yield
-
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.
1.95%
Fund size
£1,266m (£1,388m 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
Top in this sector
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SPL Parallel Private Equity IC27%
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JOHCM European Sel Val16%
EP Pan European Opportunities14.3%
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Performance snapshot

Holdings snapshot

  • Money Market16.4%
    UK15.7%
    Sweden14.2%
    Denmark12.4%
    Switzerland10%
  • Industrials25.5%
    Consumer Discretionary16.7%
    Money Market16.4%
    Information Technology10%
    Health Care8.3%
  • Money Market16.4%
    UK Equities15.7%
    Swedish Equities14.2%
    Danish Equities12.4%
    Swiss Equities10%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.1%3.8%4.7%-1.7%23.5%69.9%
Sector3.3%-1.8%-0.9%-5.4%14.5%57.8%
Rank within sector16 / 23317 / 23431 / 23253 / 22752 / 20068 / 175
Quartile1st1st1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.8%13.4%5.1%14.6%21.9%
Sector-4.4%11.1%4.2%21.1%17.6%
Rank within sector43 / 22878 / 213108 / 200169 / 18848 / 177
Quartile1st2nd3rd4th2nd
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.
2.34
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.
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.
0.18
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%.
12.39
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.
3.83
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.
0.57
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 high55.36
52 week low46.7
Current bid price-
Current offer price-
Current mid price55.36
Region
1Money Market16.42%
2UK15.74%
3Sweden14.15%
4Denmark12.36%
5Switzerland10.04%
6Italy9.31%
7Germany8.89%
8Netherlands5.9%
9France2.98%
Industry sector
1Industrials25.54%
2Consumer Discretionary16.73%
3Money Market16.42%
4Information Technology10.02%
5Health Care8.26%
6Financials8.05%
7Energy7.97%
8Consumer Staples3.12%
9Materials2.16%
Asset type
1Money Market16.42%
2UK Equities15.74%
3Swedish Equities14.15%
4Danish Equities12.36%
5Swiss Equities10.04%
6Italian Equities9.31%
7German Equities8.89%
8Dutch Equities5.9%
9French Equities2.98%
Individual holdings
1NKT HLDG AS4.86%
2SAP SE3.71%
3AP MOLLER-MAERSK A/S3.29%
4UNILEVER NV3.12%
5LVMH MOET HENNESSY VUITTON SE2.98%
6KONINKLIJKE PHILIPS NV2.78%
7SANDVIK AB2.68%
8INFINEON TECHNOLOGIES AG2.65%
9ATLAS COPCO AB2.64%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund seeks to provide durable positive absolute returns by applying a disciplined value style approach. The managers consider themselves as business rather than stock market investors. Their approach concentrates on long-term investment and not on market specific factors and short-term phenomena. This means focussing on selecting businesses that will offer upside potential with limited downside risk. The belief that certain businesses have a greater earning power forms the basis of this process. Earning power is defined as a company?s ability to generate substantial discretionary free cash flow over a sustained period of time. The managers believe that only in this way can a company generate wealth for its shareholders, and provide long-term capital appreciation. Investments are made on a business by business basis, irrespective of market capitalisation, sector or industry, and only when share prices represent a significant discount to the intrinsic value of the business.
Benchmark
  • MSCI Europe
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Tom Stubbe Olsen01/11/1998Tom Stubbe Olsen was born in Denmark in 1962. He studied at the Copenhagen Business School, graduating with a Masters in Economics and Business Administration. In 1986 he joined Sparinvest, Denmark, where he was responsible for the American and European markets for 4 years until taking charge of the Pacific fund in 1991. He joined Unibank Luxembourg in 1993 and has managed the European Value Fund since 1998. In 2008 he started an independent asset management firm, European Value Partners (EVP), focusing on managing European equities according to the same Value approach used within Nordea. EVP entered into an agreement with Nordea, which includes the management of European Equities in line with the Value approach.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Sweden
Nordea 1 European Value AC EUR
Initial charge5%
Annual charge0.95%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price54.44
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWPO
Nordea 1 European Value AP EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price53.03
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN879
Nordea 1 European Value AP SEK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price517.97
CurrencySEK
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN881
Nordea 1 European Value BC EUR
Initial charge5%
Annual charge0.95%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price134.08
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFC4R
Nordea 1 European Value BC GBP
Initial charge5%
Annual charge0.95%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price114.08
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF6MG
Nordea 1 European Value BI EUR
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price60.53
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN371
Nordea 1 European Value BI NOK
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price543.69
CurrencyNOK
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVFL
Nordea 1 European Value BP EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price55.36
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIG01
Nordea 1 European Value BP NOK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price497.25
CurrencyNOK
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNS93
Nordea 1 European Value BP SEK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price540.73
CurrencySEK
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNS94
Nordea 1 European Value E EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.7%
Total expense ratio (TER)2.68%
Bid price-
Offer price-
Mid price50.36
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNS92
Nordea 1 European Value E PLN
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price223
CurrencyPLN
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8FE
Nordea 1 European Value HB USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price73.23
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFC7F
Nordea 1 European Value HBC USD
Initial charge5%
Annual charge0.95%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price151.08
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWPP
Nordea 1 European Value HBI CHF
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price71.76
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNBA
Nordea 1 European Value HBI USD
Initial charge5%
Annual charge0.85%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price81.86
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5MS
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