Fact sheet: PineBridge Europe Equity

Fund information
Fund name
PineBridge Europe Equity A USD
Fund manager company
PineBridge Investments Ltd IRL
Fund type
Unit Trust
Fund managers
  • Kate Faradaysince 01/12/2013
  • Sheedsa Alisince 01/12/2013
Fund objective
The fund seeks to achieve capital growth by investing in companies, whose assets, products or operations are based in Europe.
Benchmark
  • MSCI Europe DTR Net
Investment style
None
Investment method
Shares
Quick stats
1 Year return
8.7%
1 Year rank in sector
153/227
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.
2.08%
Fund size
£44m (£71m 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.
101
Top in this sector
Fund name1 Year
IVI European40.1%
GS Eur CORE Eq Portfolio38.6%
EP Pan European Opportunities35.6%
JOHCM European Sel Val33.2%
Winton European Equity31.4%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK26.2%
    France13.8%
    Switzerland12.7%
    Germany11.4%
    Sweden8.7%
  • Financials22.2%
    Consumer Staples14.8%
    Industrials14.3%
    Health Care11.1%
    Consumer Discretionary9.2%
  • UK Equities26.2%
    French Equities13.8%
    Swiss Equities12.7%
    German Equities11.4%
    Swedish Equities8.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.8%4%4.3%8.7%-10.1%32.3%
Sector2.1%6.2%6.7%9.4%14.5%61.5%
Rank within sector25 / 235163 / 233182 / 233153 / 227194 / 199166 / 175
Quartile1st3rd4th3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund2%-3.4%-2.5%-6.2%25.1%
Sector1.3%-0.6%11.1%4.2%21.1%
Rank within sector41 / 235168 / 227204 / 210189 / 19855 / 185
Quartile1st3rd4th4th2nd
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.
-7.72
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.
0.87
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.
-0.01
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%.
13.46
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.
7.87
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.
-1.07
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.
0.66
Price movement
52 week high19.69
52 week low16.85
Current bid price-
Current offer price-
Current mid price19.34
Region
1UK26.2%
2France13.8%
3Switzerland12.7%
4Germany11.4%
5Sweden8.7%
6Spain6.8%
7Italy5.1%
8Netherlands5%
9Denmark3.8%
Industry sector
1Financials22.2%
2Consumer Staples14.8%
3Industrials14.3%
4Health Care11.1%
5Consumer Discretionary9.2%
6Materials8.2%
7Energy5.8%
8Utilities5.5%
9Telecommunications Utilities4.9%
Asset type
1UK Equities26.2%
2French Equities13.8%
3Swiss Equities12.7%
4German Equities11.4%
5Swedish Equities8.7%
6Spanish Equities6.8%
7Italian Equities5.1%
8Dutch Equities5%
9Danish Equities3.8%
Individual holdings
1ATLAS COPCO AB2.4%
2ISHARES III PLC MSCI EUROPE UCITS ETF € ACC EUR1.7%
3ISHARES III PLC MSCI EUROPE UCITS ETF € ACC EUR1.7%
4ENI1.5%
5SCHINDLER HLDG AG1.5%
6ASSA ABLOY AB1.3%
7STATOIL ASA1.3%
83I GROUP1.2%
9CHRISTIAN DIOR SE1.2%
Management
Fund manager group
PineBridge Investments
Fund manager company
PineBridge Investments Ltd IRL
Fund type
Unit Trust
Fund objective
The fund seeks to achieve capital growth by investing in companies, whose assets, products or operations are based in Europe.
Benchmark
  • MSCI Europe DTR Net
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Kate Faraday01/12/2013KateFaraday is a member of the Structured Equity team and has responsibilities for both portfolio management and trading on the group’s passive and Research Enhanced strategies. She also executes spread trades for their Merger Arbitrage product. Kate joined the firm in 2007 as a Global Equity Trader responsible for trading Domestic, Global, and Emerging Market portfolios. Prior to joining PineBridge Investments, from 2004 through 2006 Ms. Faraday was the Equity Trader at KR Capital Advisors, an Investment Advisory firm. She was at Merrill Lynch from the beginning of her career in 1998 until 2004 and worked as Client Relationship Manager on their Middle Markets Research & Trading desk. Ms. Faraday holds an Executive M.B.A. degree from the Zarb School of Business at Hofstra University and a Bachelor of Science degree from Nazareth College of Rochester.
Sheedsa Ali01/12/2013Sheedsa Ali, CFA Senior Vice President , Quantitative R&D, Listed Equities PineBridge Investments, New York Ms. Ali joined the firm in 2005 and is part of the investment team for the Research Enhanced products. Ms. Ali is responsible for quantitative model research, developments and enhancements , portfolio construction R&D for global enhanced index products. Prior to her current role, she was a Business Analyst for the firm. Previously, she was a Consultant for the Financial Models Company. Ms. Ali holds degrees in Mathematics and Management from India and an MS from Rensselaer Polytechnic Institute. She is pursuing a Masters in Computational Finance from Carnegie Mellon University. Ms Ali has been a quant conference speaker and is member of client advisory board for MSCI Barra. She is a CFA charterholder and is an active member of the CFA Institute and the New York Society of Security Analysts
Compliance
UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Czech Republic, Germany, Denmark, France, United Kingdom, Hong Kong, Ireland, Luxembourg, Macau, Netherlands, Offshore, Singapore, Slovakia, Sweden, Taiwan - Province Of China, South Africa
PineBridge Europe Equity A USD
Initial charge5%
Annual charge1.8%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)2.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.3432
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYN39
PineBridge Europe Equity L USD
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.08%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price274.6198
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYN40
PineBridge Europe Equity Y USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.08%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price284.5212
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAH04
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