Fact sheet: Pictet European Equity Sel

Fund information
Fund name
Pictet European Equity Selection R EUR
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Fabio Paolinisince 19/02/2015
  • Mark Mwangisince 19/02/2015
  • Tomás Pintósince 19/02/2015
  • Gurdeep Bumbrasince 19/02/2004
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in the shares of companies whose main business and/or registered office is in Europe. The portfolio will comprise a limited selection of securities deemed by the manager to offer the best prospects.
Benchmark
  • MSCI Europe
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-3.2%
1 Year rank in sector
109/227
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.
2.1%
Fund size
£70m (£105m 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.
103
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European26.6%
GS Eur CORE Eq Portfolio22.2%
JOHCM European Sel Val17.8%
EP Pan European Opportunities17.1%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK25.8%
    Spain12%
    Netherlands10.9%
    France10.6%
    Others8.9%
  • Industrials18%
    Financials13.9%
    Health Care12.4%
    Information Technology11.1%
    Materials10.6%
  • UK Equities25.8%
    Spanish Equities12%
    Dutch Equities10.9%
    French Equities10.6%
    International Equities8.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.4%-1.8%1.9%-3.2%6.4%39.4%
Sector3.3%-1.1%-0.6%-4.3%15.4%60.7%
Rank within sector114 / 233140 / 23480 / 232109 / 227174 / 200157 / 175
Quartile2nd3rd2nd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-4.1%14.5%-6.3%11%20.5%
Sector-3.7%11.1%4.2%21.1%17.6%
Rank within sector123 / 22864 / 213193 / 200181 / 18862 / 177
Quartile3rd2nd4th4th2nd
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.
-2.5
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
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
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%.
13
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.
4.32
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.
-0.6
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 high551.33
52 week low454.05
Current bid price-
Current offer price-
Current mid price527.43
Region
1UK25.76%
2Spain12.04%
3Netherlands10.91%
4France10.57%
5Others8.94%
6Switzerland7.81%
7Sweden5.83%
8Belgium5.6%
9Germany5.2%
Industry sector
1Industrials17.97%
2Financials13.91%
3Health Care12.4%
4Information Technology11.11%
5Materials10.57%
6Consumer Discretionary9.34%
7Consumer Staples8.93%
8Telecommunications Utilities7.17%
9Energy5.06%
Asset type
1UK Equities25.76%
2Spanish Equities12.04%
3Dutch Equities10.91%
4French Equities10.57%
5International Equities8.94%
6Swiss Equities7.81%
7Swedish Equities5.83%
8Belgian Equities5.6%
9German Equities5.2%
Individual holdings
1BANCO BILBAO VIZCAYA ARGENTARIA SA4.82%
2GLAXOSMITHKLINE4.81%
3ASML HOLDING NV4.61%
4ANHEUSER-BUSCH INBEV SA/NV4.08%
5PRUDENTIAL PLC3.68%
6LINDE AG3.47%
7INMARSAT3.39%
8ROYAL DUTCH SHELL3.36%
9NESTLE SA3.33%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in the shares of companies whose main business and/or registered office is in Europe. The portfolio will comprise a limited selection of securities deemed by the manager to offer the best prospects.
Benchmark
  • MSCI Europe
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Fabio Paolini19/02/2015Fabio Paolini is a Senior Investment Manager in the Regional Equities team. He joined the Research Department of Pictet & Cie in 1994, initially in the Economics team and then in the European equities research team. In 1997 he transferred to Pictet Asset Management where he is responsible for Global and European equities mandates. Fabio gained a degree in Economics from the University of Siena (Italy), obtained a CFPI/AZEK in 1996 and is a Chartered Financial Analyst (CFA) charterholder.
Mark Mwangi19/02/2015
Tomás Pintó19/02/2015
Gurdeep Bumbra19/02/2004Gurdeep Bumbra joined Pictet Asset Management in 2003 as an Investment Manager in the Regional Equities team with specific responsibility for European Portfolio Construction. He began his fund management career at Gartmore Investment Management, where he spent three years as a member of the European Equities team both as an investment analyst and assistant fund manager. Gurdeep is a Chartered Financial Analyst (CFA) charterholder and is a member of the CFA Institute.
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, Denmark, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Italy, Liechtenstein, Luxembourg, Macau, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden
Pictet European Equity Selection I EUR
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price613.88
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeP257
Pictet European Equity Selection I dy EUR
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price585.32
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFC3V
Pictet European Equity Selection P EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price569.96
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXV14
Pictet European Equity Selection P dy EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price503.14
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC3M9
Pictet European Equity Selection R EUR
Initial charge5%
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price527.43
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePW32
Pictet European Equity Selection Z EUR
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.18%
Total expense ratio (TER)0.01%
Bid price-
Offer price-
Mid price658.17
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSY7
Data provided by

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