Fact sheet: PTR Corto Europe

Fund information
Fund name
PTR Corto Europe P EUR
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Olivier Djopwouosince 18/07/2013
  • David Dufoursince 18/07/2013
  • Philippe Sarreausince 08/04/2010
  • Nils Franckesince 08/04/2010
Fund objective
The Compartment follows an equity long/short investment strategy. The objective of the Compartment is to achieve long-term capital growth in absolute terms with a strong focus on capital preservation. The Compartment will take exposure principally to companies, which are domiciled, headquartered or exercise the predominant part of their economic activity in Europe.
Benchmark
  • MSCI Europe
Investment style
130/30
Investment method
Shares
Quick stats
1 Year return
-0.8%
1 Year rank in sector
28/227
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.
2.02%
Fund size
£172m (£141m 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.
39
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European22.4%
GS Eur CORE Eq Portfolio17.5%
Mirabaud Eqts PanEur SmllMid16.2%
JOHCM European Sel Val13.7%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • International67.4%
    Italy11%
    France10.6%
    Germany6.7%
    Ireland3.7%
  • Others59.4%
    Industrials15%
    Consumer Discretionary7.1%
    Health Care6%
    Telecommunications Utilities5.2%
  • International Equities67.4%
    Italian Equities11%
    French Equities10.6%
    German Equities6.7%
    Irish Equities3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%0.4%1.7%-0.8%8.3%41.8%
Sector0.1%-1%-1.9%-8.3%10.8%57.7%
Rank within sector187 / 23374 / 23454 / 23228 / 227137 / 200150 / 175
Quartile4th2nd1st1st3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.8%9.6%-2%14.5%16%
Sector-5.2%11.1%4.2%21.1%17.6%
Rank within sector50 / 228122 / 213172 / 200170 / 188143 / 177
Quartile1st3rd4th4th4th
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.
2.53
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.
0.24
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.
0.01
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%.
5.81
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.
10.64
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.
-0.04
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.
0.26
Price movement
52 week high135.75
52 week low126.95
Current bid price-
Current offer price-
Current mid price133.63
Region
1International67.4%
2Italy11%
3France10.6%
4Germany6.7%
5Ireland3.7%
6Denmark2.8%
7Netherlands2%
8Norway1.7%
9Spain1.2%
Industry sector
1Others59.4%
2Industrials15%
3Consumer Discretionary7.1%
4Health Care6%
5Telecommunications Utilities5.2%
6Information Technology2.4%
7Consumer Staples2.3%
8Financials2%
9Utilities1.9%
Asset type
1International Equities67.4%
2Italian Equities11%
3French Equities10.6%
4German Equities6.7%
5Irish Equities3.7%
6Danish Equities2.8%
7Dutch Equities2%
8Norwegian Equities1.7%
9Spanish Equities1.2%
Individual holdings
1THALES1.7%
2EI TOWERS1.6%
3TELEPERFORMANCE1.6%
4EIFFAGE1.5%
5ITV1.5%
6LONZA GROUP AG1.5%
7DEUTSCHE TELEKOM AG1.4%
8KONINKLIJKE KPN NV1.4%
9MELIA HOTELS INTL SA1.4%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The Compartment follows an equity long/short investment strategy. The objective of the Compartment is to achieve long-term capital growth in absolute terms with a strong focus on capital preservation. The Compartment will take exposure principally to companies, which are domiciled, headquartered or exercise the predominant part of their economic activity in Europe.
Benchmark
  • MSCI Europe
Investment style
130/30
Investment method
Shares
Fund managers
NameSinceBiography
Olivier Djopwouo18/07/2013
David Dufour18/07/2013
Philippe Sarreau08/04/2010Philippe Sarreau joined Pictet Asset Management’s European Small Cap team in 1998. Since 2006, he has been a Senior Investment Manager in the Corto Total Return Equities team which he helped to establish, and co-manages the Corto European Fund Limited.
Nils Francke08/04/2010Nils Francke is in charge of Forward International Small Companies, managed out of Pictet's London office by a team of five senior investment managers.Team member responsibilities are organized by region and country. Nils Francke joined PAM in 1994 and is Head of the Specialist Equities Team, concentrating on Small Cap Markets. Before joining PAM he spent three years with Schroder Munchmeyer Hengst. He has extensive financial market experience, working for MM Warburg Bank in Germany and Salomon Brothers in New York. He also holds a Masters in Business Administration at the University of Frankfurt.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, France, United Kingdom, Luxembourg, Netherlands, Norway, Offshore, Sweden
PTR Corto Europe HI CHF
Initial charge5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price190.33
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIRU7
PTR Corto Europe HI GBP
Initial charge5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price120.8
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeACDK
PTR Corto Europe HI JPY
Initial charge5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price19263
CurrencyJPY
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHUR
PTR Corto Europe HI USD
Initial charge5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price186.04
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIRU8
PTR Corto Europe HP CHF
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.08%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price185.03
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIRU9
PTR Corto Europe HP USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.07%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price181.13
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIRV0
PTR Corto Europe I EUR
Initial charge5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price137.33
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIRV1
PTR Corto Europe I GBP
Initial charge5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price116.86
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIUO3
PTR Corto Europe P EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price133.63
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIRV2
PTR Corto Europe P GBP
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)4.22%
Bid price-
Offer price-
Mid price94.39
CurrencyGBP
Price updated05/02/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIUO4
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