Fact sheet: Pictet Small Cap Europe

Fund information
Fund name
Pictet Small Cap Europe I GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Alain Caffortsince 09/01/2012
  • Cyril Beniersince 04/01/2016
  • Bill Barkersince 29/11/2011
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.
Benchmark
  • MSCI Europe Small Cap
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
24%
1 Year rank in sector
-
Sector
FO Equity - Small Cap Europe
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.
1.14%
Fund size
£220m (£273m 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.
91
Top in this sector
Fund name1 Year
SEB 2 Estn Eur Sm Cap40.8%
Old Mutual Eur(ExUK)SmCo32.4%
Argos Argonaut29.2%
T. Rowe Price Eurpn SmCo Eq27%
Nordea 1 Nordic Eq Sm Cp25.8%
...more in FO Equity - Small Cap Europe

Performance snapshot

Holdings snapshot

  • UK26.1%
    Germany16.8%
    France11.4%
    Switzerland8.8%
    Others7.6%
  • Industrials29.8%
    Consumer Discretionary18.3%
    Information Technology17.4%
    Financials10.4%
    Materials6.1%
  • UK Equities26.1%
    German Equities16.8%
    French Equities11.4%
    Swiss Equities8.8%
    International Equities7.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%3.5%5.4%24%40.4%106.6%
Sector1.9%7.7%11.1%15.9%36.2%95%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund6.7%15%21%-4.3%34.8%
Sector9.2%1%23.6%3.2%29.7%
Rank within sector-----
Quartile
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.
4.2
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.
0.72
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.
0.7
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%.
10.87
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.
7.32
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.
0.21
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.
0.67
Price movement
52 week high1064.72
52 week low809.71
Current bid price-
Current offer price-
Current mid price1049.62
Region
1UK26.1%
2Germany16.8%
3France11.4%
4Switzerland8.8%
5Others7.6%
6Netherlands5.5%
7Belgium5.3%
8Italy5.3%
9Sweden5.1%
Industry sector
1Industrials29.8%
2Consumer Discretionary18.3%
3Information Technology17.4%
4Financials10.4%
5Materials6.1%
6Health Care4.4%
7Consumer Staples3.3%
8Real Estate3.1%
9Energy2.8%
Asset type
1UK Equities26.1%
2German Equities16.8%
3French Equities11.4%
4Swiss Equities8.8%
5International Equities7.6%
6Dutch Equities5.5%
7Belgian Equities5.3%
8Italian Equities5.3%
9Swedish Equities5.1%
Individual holdings
1TELEPERFORMANCE3%
2MELROSE INDUSTRIES PLC2.5%
3TKH GROUP2.5%
4INFORMA PLC2.4%
5DALATA HOTEL GROUP PLC2.3%
6DATALOGIC SPA2.3%
7BIOMERIEUX2.2%
8PLASTIC OMNIUM(CIE)2.2%
9BBA AVIATION PLC2.1%
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.
Benchmark
  • MSCI Europe Small Cap
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Alain Caffort09/01/2012Alain Caffort was born in Toulouse, France in the mid seventies. He gained a Masters degree in international finance from Westminster University in London. His began his investment career as an analyst in 2000 and has been working in the fund management industry for over a decade. Prior to joining Pictet in 2012, he worked for Groupama Asset Management where he was responsible for a number of small/mid cap European equity portfolios. As a senior investment manager, he is currently responsible for Small Cap Equities as a member of Small Cap Equity Team.
Cyril Benier04/01/2016Cyril Benier was previously at AXA Investment Managers, where he had managed small cap portfolios since 2008. Before AXA Investment Managers Cyril worked at Natexis. Cyril holds a Masters Degree in Mechanical Engineering from the University of Technology of Compiegne and a Masters in Business strategy from HEC Paris. He is a CFA Charterholder. Based in Geneva, Cyril will work alongside Alain Caffort, lead manager for the European small cap strategy.
Bill Barker29/11/2011Bill Barker is a member of Small Cap Equities Team. He has been with Pictet Asset Management since 2007 and has 18 years of investment experience. Prior to joining Pictet, he worked for Threadneedle since 2000 and managed the Threadneedle UK Smaller Companies Fund. Bill started his career with Lloyds Investment Management in 1992 where he worked for three years before joining HSBC in 1995. In both positions, he specialised in managing UK smaller companies portfolios for institutional clients. He graduated from Hull University with a BSc (Hons) in Economics and Econometrics and is an associate member of the UK Society of Investment Professionals (UKSIP).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, 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, Ireland, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
Pictet Small Cap Europe I EUR
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price1251.91
CurrencyEUR
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codePW40
Pictet Small Cap Europe I GBP
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price1049.62
CurrencyGBP
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEKD
Pictet Small Cap Europe P EUR
Initial charge5%
Annual charge1.6%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price1131.95
CurrencyEUR
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXV17
Pictet Small Cap Europe P dy EUR
Initial charge5%
Annual charge1.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price1115.76
CurrencyEUR
Price updated20/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA1H9
Pictet Small Cap Europe R EUR
Initial charge5%
Annual charge2.3%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.64%
Total expense ratio (TER)2.6%
Bid price-
Offer price-
Mid price1024.73
CurrencyEUR
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePW41
Pictet Small Cap Europe Z EUR
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.22%
Total expense ratio (TER)0.12%
Bid price-
Offer price-
Mid price1387.47
CurrencyEUR
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSY8
Data provided by

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