Fact sheet: Pictet Europe Index

Fund information
Fund name
Pictet Europe Index R dy GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Jean-Michel Piuzsince 30/06/2007
  • Roland Riatsince 22/04/1999
Fund objective
The aim of this sub-fund is to enable investors to participate in the growth of the European equity market by way of a vehicle that accurately reflects MSCI Europe index movements. However, the sub-fund is not required to hold all securities included in the benchmark index.
Benchmark
  • MSCI Europe
Investment style
Passive/Tracking
Investment method
Physical - Full, Shares
Quick stats
1 Year return
8.4%
1 Year rank in sector
9/227
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.
0.74%
Fund size
£1,660m (£1,811m 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.
102
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European20.9%
GS Eur CORE Eq Portfolio15%
Mirabaud Eqts PanEur SmllMid14.1%
JOHCM European Sel Val12%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK24.8%
    France15.6%
    Germany14.7%
    Switzerland14.1%
    Netherlands7.8%
  • Financials19.4%
    Consumer Staples14.8%
    Health Care12.9%
    Industrials12.7%
    Consumer Discretionary10.8%
  • UK Equities24.8%
    French Equities15.6%
    German Equities14.7%
    Swiss Equities14.1%
    Dutch Equities7.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.4%-2.2%9.2%8.4%13.6%54.5%
Sector-0.3%-2%-2.1%-8.7%10.5%55.9%
Rank within sector220 / 233114 / 2345 / 2329 / 22789 / 200115 / 175
Quartile4th2nd1st1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund9.1%3.1%-1%23.2%13.7%
Sector-5.7%11.1%4.2%21.1%17.6%
Rank within sector9 / 228187 / 213167 / 20074 / 188156 / 177
Quartile1st4th4th2nd4th
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.
2.7
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.
0.61
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.
0.11
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%.
10.98
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.
9.64
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.
0.12
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.
0.46
Price movement
52 week high118.83
52 week low89.77
Current bid price-
Current offer price-
Current mid price110.84
Region
1UK24.75%
2France15.55%
3Germany14.69%
4Switzerland14.11%
5Netherlands7.75%
6Others5.95%
7Spain5.11%
8Sweden4.34%
9Italy2.88%
Industry sector
1Financials19.44%
2Consumer Staples14.76%
3Health Care12.89%
4Industrials12.74%
5Consumer Discretionary10.75%
6Materials8.12%
7Energy7.11%
8Telecommunications Utilities4.45%
9Information Technology4.24%
Asset type
1UK Equities24.75%
2French Equities15.55%
3German Equities14.69%
4Swiss Equities14.11%
5Dutch Equities7.75%
6International Equities5.95%
7Spanish Equities5.11%
8Swedish Equities4.34%
9Italian Equities2.88%
Individual holdings
1NESTLE SA3.04%
2ROCHE HLDG AG2.13%
3NOVARTIS AG2.09%
4HSBC HLDGS1.96%
5BP1.45%
6BRITISH AMERICAN TOBACCO1.41%
7TOTAL SA1.41%
8GLAXOSMITHKLINE1.27%
9ROYAL DUTCH SHELL1.27%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The aim of this sub-fund is to enable investors to participate in the growth of the European equity market by way of a vehicle that accurately reflects MSCI Europe index movements. However, the sub-fund is not required to hold all securities included in the benchmark index.
Benchmark
  • MSCI Europe
Investment style
Passive/Tracking
Investment method
Physical - Full, Shares
Fund managers
NameSinceBiography
Jean-Michel Piuz30/06/2007Jean-Michel Piuz joined Pictet Asset Management in 2006 as an Investment Manager for Institutional clients in the Quantitative Investment team. Before joining Pictet, he worked for eight years at his own company as an IT consultant creating financial applications for banks and financial companies. Jean-Michel holds a Brevet fédéral d'analyste programmeur as well as a diploma from the Ecole Supérieure de Commerce de Genève.
Roland Riat22/04/1999Roland Riat joined Pictet Asset Management in 1997. Within the Quantitative Investment team, he is responsible for Swiss equities indexation. He previously worked for Swiss Bank Corp, specializing in active institutional portfolio management (balanced portfolios), as well as, quantitative and risk management for a French equity fund. Roland holds a degree in Economics form the University of Geneva and a CFPI diploma.
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, Chile, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Peru, Portugal, Singapore, Sweden
Pictet Europe Index I EUR
Initial charge5%
Annual charge0.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.26%
Bid price-
Offer price-
Mid price163.98
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeP765
Pictet Europe Index I JPY
Initial charge5%
Annual charge0.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.26%
Bid price-
Offer price-
Mid price19907
CurrencyJPY
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFF8W
Pictet Europe Index I dy EUR
Initial charge5%
Annual charge0.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.26%
Bid price-
Offer price-
Mid price155.36
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFC3T
Pictet Europe Index IS EUR
Initial charge5%
Annual charge0.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.28%
Bid price-
Offer price-
Mid price163.81
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBMJ8
Pictet Europe Index P EUR
Initial charge5%
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.36%
Bid price-
Offer price-
Mid price161.46
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXV34
Pictet Europe Index P dy EUR
Initial charge5%
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.36%
Bid price-
Offer price-
Mid price124.38
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA1G3
Pictet Europe Index R EUR
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price155.27
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePW31
Pictet Europe Index R dy GBP
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price110.84
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDMZ2
Pictet Europe Index Z EUR
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)0.05%
Bid price-
Offer price-
Mid price168.56
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSZ1
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.