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
  • Bill Barkersince 29/11/2011
  • Cyril Beniersince 04/01/2016
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
14%
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.
1.25%
Fund size
£266m (£354m 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.
88
Top in this sector
Fund name1 Year
SEB 2 Estn Eur Sm Cap34.4%
Old Mutual Eur(ExUK)SmCo28%
Argos Argonaut15.8%
Montanaro Europ Inc14.3%
Pictet Small Cap Europe14%
...more in FO Equity - Small Cap Europe

Performance snapshot

Holdings snapshot

  • UK24.6%
    Germany16.1%
    France11.5%
    Others10.7%
    Switzerland7.4%
  • Industrials33%
    Information Technology17.3%
    Consumer Discretionary17.1%
    Health Care6.5%
    Financials5.8%
  • UK Equities24.6%
    German Equities16.1%
    French Equities11.5%
    International Equities10.7%
    Swiss Equities7.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%-1.3%7.5%14%33.2%115.8%
Sector2%-2.3%-0.9%-1.6%29.6%97.6%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund10.5%21%-4.3%30.5%27.5%
Sector-2.3%23.6%3.2%29.7%22.3%
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.
3.52
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.
0.73
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.
0.53
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%.
11.08
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.
7.38
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.
0.18
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 high1006.63
52 week low752.02
Current bid price-
Current offer price-
Current mid price944.89
Region
1UK24.63%
2Germany16.12%
3France11.51%
4Others10.67%
5Switzerland7.4%
6Netherlands6.21%
7Sweden5.95%
8Italy5.44%
9Belgium3.99%
Industry sector
1Industrials32.98%
2Information Technology17.33%
3Consumer Discretionary17.12%
4Health Care6.53%
5Financials5.84%
6Materials4.7%
7Real Estate3.79%
8Consumer Staples3.32%
9Money Market3.22%
Asset type
1UK Equities24.63%
2German Equities16.12%
3French Equities11.51%
4International Equities10.67%
5Swiss Equities7.4%
6Dutch Equities6.21%
7Swedish Equities5.95%
8Italian Equities5.44%
9Belgian Equities3.99%
Individual holdings
1TELEPERFORMANCE3.22%
2BE SEMICONDUCTOR INDUSTRIES NV2.78%
3BIOMERIEUX2.58%
4DATALOGIC SPA2.52%
5TKH GROUP2.49%
6INFORMA PLC2.48%
7BPOST SA/NV2.27%
8BBA AVIATION PLC2.14%
9PORR AG2.14%
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.
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).
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.
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)1.25%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price1106.75
CurrencyEUR
Price updated07/12/2016
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)1.25%
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price944.89
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEKD
Pictet Small Cap Europe P EUR
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)1.91%
Bid price-
Offer price-
Mid price1003.63
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXV17
Pictet Small Cap Europe P dy EUR
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)1.91%
Bid price-
Offer price-
Mid price989.28
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA1H9
Pictet Small Cap Europe R EUR
Initial charge5%
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.74%
Total expense ratio (TER)2.6%
Bid price-
Offer price-
Mid price910.9
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePW41
Pictet Small Cap Europe Z EUR
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.22%
Total expense ratio (TER)0.12%
Bid price-
Offer price-
Mid price1222.61
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSY8
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.