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
12%
1 Year rank in sector
8/100
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
£50m (£28m last year)
Top in this sector
Fund name1 Year
JB Mltstck Erlnd Vl Stck29.2%
Waverton European Income19.6%
Oyster Cont Euro Select19.3%
J Chahine Dgtl Str Eur Ex UK18.8%
Guinness European Eq Inc18.5%
...more in FO Equity - Europe ex UK

Performance snapshot

Holdings snapshot

  • Switzerland17.3%
    France15.8%
    Germany15.5%
    Spain12%
    Sweden11.8%
  • Financials21.6%
    Industrials20.2%
    Telecommunications Utilities16.6%
    Health Care12.6%
    Consumer Discretionary10.6%
  • Swiss Equities17.2%
    French Equities15.8%
    German Equities15.5%
    Spanish Equities12%
    Swedish Equities11.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.7%-1.7%8.5%12%--
Sector-0.8%-1.5%0.3%-5%15.3%63.9%
Rank within sector91 / 10542 / 10511 / 1048 / 100--
Quartile4th2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund11%----
Sector-2.4%12.7%3.5%23.2%17.8%
Rank within sector9 / 100----
Quartile1st
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 high8.84
52 week low6.6
Current bid price-
Current offer price-
Current mid price8.15
Region
1Switzerland17.26%
2France15.8%
3Germany15.49%
4Spain11.96%
5Sweden11.75%
6Netherlands9.44%
7Portugal5.96%
8Finland4.92%
9Belgium3.37%
Industry sector
1Financials21.57%
2Industrials20.17%
3Telecommunications Utilities16.58%
4Health Care12.59%
5Consumer Discretionary10.62%
6Consumer Staples6.9%
7Information Technology4.64%
8Materials4.09%
9Energy3.01%
Asset type
1Swiss Equities17.2%
2French Equities15.8%
3German Equities15.5%
4Spanish Equities12%
5Swedish Equities11.8%
6Dutch Equities9.4%
7Portuguese Equities6%
8Finnish Equities4.9%
9Belgian Equities3.4%
Individual holdings
1SANOFI4.91%
2ROCHE HLDG AG4.79%
3BASF SE4.09%
4ING GROEP N.V.4%
5DEUTSCHE TELEKOM AG3.69%
6ORANGE SA3.61%
7COMPAGNIE FINANCIERE RICHEMONT SA3.56%
8SVENSKA HANDELSBANKEN3.4%
9DEUTSCHE POST AG3.38%
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, UCITS IV 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 price9.69
CurrencyEUR
Price updated01/12/2016
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 price8.15
CurrencyGBP
Price updated01/12/2016
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 price7.84
CurrencyGBP
Price updated01/12/2016
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 price9.67
CurrencyGBP
Price updated01/12/2016
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 price9.28
CurrencyGBP
Price updated01/12/2016
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 price8.16
CurrencyGBP
Price updated01/12/2016
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 price7.86
CurrencyGBP
Price updated01/12/2016
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 price9.68
CurrencyGBP
Price updated01/12/2016
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 price9.3
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMETN
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.