Fact sheet: Polar Capital Eur(EXUK)Inc

Fund information
Fund name
Polar Capital European (EX UK) Income I Acc GBP
Fund manager company
Polar Capital
Fund type
OEIC
Fund manager
  • Nick Davissince 29/06/2015
Fund objective
The Fund’s investment objective is to deliver strong, long-term risk-adjusted returns to achieve both income and capital growth by investing in companies that are incorporated, headquartered, or exercise a significant part of their economic activities (greater than 20%) in European markets/countries (excluding the United Kingdom).
Benchmark
  • MSCI Europe Daily Total Return Net excluding UK, Euro Index
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
24.7%
1 Year rank in sector
14/98
Sector
FO Equity - Europe ex 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.
0.92%
Fund size
£84m (£26m 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.
109
Top in this sector
Fund name1 Year
JB Mltstck Erlnd Vl Stck47.4%
Boost EURO STOXX 50 3x LD ETP39.7%
Guinness European Eq Inc32.5%
J Chahine Dgtl Str Eur Ex UK31.6%
Oyster Cont Euro Select30.3%
...more in FO Equity - Europe ex UK

Performance snapshot

Holdings snapshot

  • Switzerland19.5%
    Spain13.7%
    France12%
    Germany10.6%
    Italy10.3%
  • Telecommunications Utilities19%
    Health Care14.8%
    Financials14.5%
    Consumer Staples11.7%
    Industrials11.7%
  • Swiss Equities19.4%
    Spanish Equities13.7%
    French Equities12%
    German Equities10.6%
    Italian Equities10.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.1%6.5%9.5%24.7%--
Sector1.8%5%9.3%15%25.3%65.8%
Rank within sector6 / 10021 / 10040 / 10014 / 98--
Quartile1st1st2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund5.4%20.2%---
Sector4.5%4.1%12.7%3.5%23.2%
Rank within sector22 / 1009 / 95---
Quartile1st1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high9.4
52 week low7.19
Current bid price-
Current offer price-
Current mid price9.3
Region
1Switzerland19.49%
2Spain13.67%
3France11.99%
4Germany10.6%
5Italy10.34%
6Netherlands10.03%
7Finland7%
8Sweden6.99%
9Portugal5%
Industry sector
1Telecommunications Utilities18.97%
2Health Care14.76%
3Financials14.53%
4Consumer Staples11.74%
5Industrials11.71%
6Consumer Discretionary8.19%
7Materials6.8%
8Utilities6.13%
9Information Technology4.3%
Asset type
1Swiss Equities19.4%
2Spanish Equities13.7%
3French Equities12%
4German Equities10.6%
5Italian Equities10.3%
6Dutch Equities10%
7Finnish Equities7%
8Swedish Equities7%
9Portuguese Equities5%
Individual holdings
1NOVARTIS AG5.18%
2ROCHE HLDG AG5.01%
3NESTLE SA4.93%
4SANOFI4.57%
5BASF SE4.06%
6DEUTSCHE TELEKOM AG3.95%
7UNILEVER NV3.92%
8NORDEA BANK AB3.63%
9ORANGE SA3.37%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The Fund’s investment objective is to deliver strong, long-term risk-adjusted returns to achieve both income and capital growth by investing in companies that are incorporated, headquartered, or exercise a significant part of their economic activities (greater than 20%) in European markets/countries (excluding the United Kingdom).
Benchmark
  • MSCI Europe Daily Total Return Net excluding UK, Euro Index
Investment style
Concentrated
Investment method
Shares
Fund manager
NameSinceBiography
Nick Davis29/06/2015Nick joined Polar Capital in September 2014 to set up the European Income team. Prior to this, he was with Threadneedle where he managed the Threadneedle European Fund and Pan European Equity Dividend Fund, both of which were top quartile performers since inception. Nick was also deputy fund manager of the Threadneedle European Select Fund. Previously, he was a sell-side analyst at Sanford Bernstein and a chartered accountant with Deloitte. Nick holds an Honours degree in Economics with French from the University of Durham. He has been a member of the Institute of Chartered Accountants in England and Wales since 2007, has completed the Investment Management Certificate (IMC) and is a CFA charterholder.
Compliance
IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Ireland, Jersey, Offshore
Polar Capital European (EX UK) Income I Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.74
CurrencyEUR
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMETF
Polar Capital European (EX UK) Income I Acc GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.3
CurrencyGBP
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMETG
Polar Capital European (EX UK) Income I Dis GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.93
CurrencyGBP
Price updated21/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMETH
Polar Capital European (EX UK) Income I Hedged Acc GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.74
CurrencyGBP
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMETK
Polar Capital European (EX UK) Income I Hedged Dis GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.29
CurrencyGBP
Price updated21/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMETL
Polar Capital European (EX UK) Income S Acc GBP
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.32
CurrencyGBP
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMETI
Polar Capital European (EX UK) Income S Dis GBP
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.96
CurrencyGBP
Price updated21/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMETJ
Polar Capital European (EX UK) Income S Hedged Acc GBP
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.75
CurrencyGBP
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMETM
Polar Capital European (EX UK) Income S Hedged Dis GBP
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.3
CurrencyGBP
Price updated21/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMETN
Data provided by

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