Fact sheet: Waverton European Inc

Fund information
Fund name
Waverton European Income R
Fund manager company
Waverton Investment Management
Fund type
Offshore Fund
Fund managers
  • Chris Garstensince 01/06/2012
  • Charles Glassesince 28/10/2005
Fund objective
The investment objective is to generate income and capital growth by investing in a concentrated portfolio of equities selected from European markets. Overwhelmingly, but not exclusively, the managers invest in companies that are at the larger end of the capitalisation scale.
Benchmark
  • MSCI Europe ex UK
Investment style
None
Investment method
Shares
Quick stats
1 Year return
34.1%
1 Year rank in sector
14/96
Sector
FO Equity - Europe ex UK
Yield
3.5%
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.
1.97%
Fund size
£22m (£9m 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.
100
Top in this sector
Fund name1 Year
Boost EURO STOXX 50 3x LD ETP58.6%
JB Mltstck Erlnd Vl Stck56.4%
SEI Eurpn(Ex UK)Eq41.8%
J Chahine Dgtl Str Eur Ex UK41.2%
Oyster Cont Euro Select39.3%
...more in FO Equity - Europe ex UK

Performance snapshot

Holdings snapshot

  • Sweden17.1%
    France14.5%
    Switzerland8.5%
    Finland8.2%
    Netherlands8.2%
  • Industrials23.2%
    Consumer Staples19%
    Materials14.4%
    Health Care14.1%
    Financials8.4%
  • Swedish Equities17.1%
    French Equities14.5%
    Swiss Equities8.5%
    Dutch Equities8.2%
    Finnish Equities8.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.2%8.7%17.5%34.1%46.3%145.3%
Sector2.7%9.7%18.4%20.4%30.4%94.7%
Rank within sector13 / 9883 / 9877 / 9814 / 967 / 844 / 73
Quartile1st4th4th1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund10.8%26.3%8.6%-0.3%34.7%
Sector11.7%4.1%12.7%3.5%23.2%
Rank within sector71 / 983 / 9261 / 8467 / 836 / 76
Quartile3rd1st3rd4th1st
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.
6.85
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.
0.6
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.
0.82
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%.
10.58
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.
9.24
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.
0.35
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.
0.49
Price movement
52 week high1.8
52 week low1.36
Current bid price-
Current offer price-
Current mid price1.8
Region
1Sweden17.12%
2France14.45%
3Switzerland8.52%
4Finland8.15%
5Netherlands8.15%
6Spain7.5%
7Norway7.41%
8Money Market7.4%
9Portugal6.85%
Industry sector
1Industrials23.2%
2Consumer Staples19%
3Materials14.4%
4Health Care14.1%
5Financials8.4%
6Money Market7.4%
7Energy6.8%
8Consumer Discretionary3.9%
9Utilities2.8%
Asset type
1Swedish Equities17.12%
2French Equities14.45%
3Swiss Equities8.52%
4Dutch Equities8.15%
5Finnish Equities8.15%
6Spanish Equities7.5%
7Norwegian Equities7.41%
8Money Market7.4%
9Portuguese Equities6.85%
Individual holdings
1ZODIAC AEROSPACE3.8%
2NOVARTIS AG3.6%
3SECURITAS AB3.5%
4WARTSILA OYJ ABP3.5%
5SVENSKA HANDELSBANKEN3.4%
6LINDE AG3.3%
7NOVO NORDISK A/S3.3%
8 DISTRIBUIDORA INTERNACIONAL DE3.2%
9DISTRIBUIDORA INTL DE ALIMENTACION3.2%
Management
Fund manager group
Waverton Investment Management
Fund manager company
Waverton Investment Management
Fund type
Offshore Fund
Fund objective
The investment objective is to generate income and capital growth by investing in a concentrated portfolio of equities selected from European markets. Overwhelmingly, but not exclusively, the managers invest in companies that are at the larger end of the capitalisation scale.
Benchmark
  • MSCI Europe ex UK
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Chris Garsten01/06/2012Chris Garsten, formerly a director of Credit Suisse. Managed the Netherlands Fund from inception in 1992. This became a £150 million fund (one of the larger Credit Suisse country funds), winning a number of performance awards. In addition a feature article in a 1999 issue of Forbes magazine highlighted that the C.S. Netherlands Fund had been one of the best offshore funds over one, three and five-year period.
Charles Glasse28/10/2005Charles Glasse, formerly head of M&G’s Continental Europe Team, managed the £400 million M&G European Dividend Fund for over 10 years. He managed the Fund from its launch in October 1989 until the Fund was repositioned as a blue-chip fund in June 2000. For five consecutive years it achieved the highest rating AAA by Standard & Poor’s Fund Research. It received an award in the First Guardian Investment Challenge in 1998.
Compliance
Distributor Status, IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Luxembourg, Offshore
Waverton European Income A
Initial charge3%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price1.9
CurrencyGBP
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeZ037
Waverton European Income B
Initial charge3%
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price1.944
CurrencyGBP
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeZ035
Waverton European Income I H
Initial charge3%
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.997
CurrencyGBP
Price updated03/06/2015
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMEYW
Waverton European Income I H Inc USD
Initial charge3%
Annual charge0.5%
Min single investment£3,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNW7D
Waverton European Income I Inc USD
Initial charge3%
Annual charge0.5%
Min single investment£3,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNW7E
Waverton European Income R
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price1.801
CurrencyGBP
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeZ034
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.