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
17%
1 Year rank in sector
54/228
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.
2.03%
Fund size
£95m (£147m 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.
106
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC46.9%
EP Pan European Opportunities34.1%
GS Eur CORE Eq Portfolio30.8%
IVI European30.7%
EDRF Eur Synrg30.5%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK30.9%
    France14%
    Spain11.1%
    Others9.7%
    Netherlands6.5%
  • Industrials15%
    Health Care12.8%
    Consumer Staples12.6%
    Consumer Discretionary11.8%
    Information Technology11.5%
  • UK Equities30.9%
    French Equities14%
    Spanish Equities11.1%
    International Equities9.7%
    Dutch Equities6.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.9%11%19.3%17%24.8%46.7%
Sector3.7%6.5%12.9%12.5%22.5%63.8%
Rank within sector147 / 2356 / 23313 / 23154 / 22899 / 199151 / 175
Quartile3rd1st1st1st2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund12.3%0.5%14.5%-6.3%11%
Sector8.2%-0.6%11.1%4.2%21.1%
Rank within sector19 / 23393 / 22563 / 206187 / 195175 / 181
Quartile1st2nd2nd4th4th
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.
0.7
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.
1.03
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.
0.24
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%.
13.48
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.
4.63
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.
0.16
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.
0.88
Price movement
52 week high618.43
52 week low465.53
Current bid price-
Current offer price-
Current mid price620.5
Region
1UK30.9%
2France14%
3Spain11.1%
4Others9.7%
5Netherlands6.5%
6Belgium6%
7Switzerland5.8%
8Germany4.3%
9Sweden3.9%
Industry sector
1Industrials15%
2Health Care12.8%
3Consumer Staples12.6%
4Consumer Discretionary11.8%
5Information Technology11.5%
6Financials10.9%
7Materials8.3%
8Telecommunications Utilities8.1%
9Energy4.8%
Asset type
1UK Equities30.9%
2French Equities14%
3Spanish Equities11.1%
4International Equities9.7%
5Dutch Equities6.5%
6Belgian Equities6%
7Swiss Equities5.8%
8German Equities4.3%
9Swedish Equities3.9%
Individual holdings
1GLAXOSMITHKLINE PLC5.4%
2ANHEUSER-BUSCH INBEV SA/NV4.3%
3BANCO BILBAO VIZCAYA ARGENTARIA SA4.3%
4INMARSAT4.1%
5ASML HOLDING NV4%
6NESTLE SA3.7%
7SMURFIT KAPPA GROUP PLC3.4%
8ROYAL DUTCH SHELL3.2%
9AMS AG2.9%
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)0.94%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price725.26
CurrencyEUR
Price updated26/04/2017
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)0.94%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price691.51
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFC3V
Pictet European Equity Selection P EUR
Initial charge5%
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price671.82
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXV14
Pictet European Equity Selection P dy EUR
Initial charge5%
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price593.06
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC3M9
Pictet European Equity Selection R EUR
Initial charge5%
Annual charge1.7%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price620.5
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePW32
Pictet European Equity Selection Z EUR
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.18%
Total expense ratio (TER)0.07%
Bid price-
Offer price-
Mid price779.81
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSY7
Data provided by

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