HSBC EUROPEAN GROWTH

HSBC EUROPEAN GROWTH - Overview

Overview of HSBC EUROPEAN GROWTH

The Fund's investment objective is to provide long term capital growth by investing predominantly in continental Europe.

  • Standard Initial Charge 4.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched November, 1968
Size £244m
Yield 2.2%
Charging basis Income
Dividends paid 15/11.

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.70%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 96
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 4
Allocation Proportion(%)
UK 2
Europe 98
North America 0
Japan 0
Pacific 0
Other Equity 0
Allocation Proportion(%)
Large Caps 66
Mid Caps 33
Small Caps 1
View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) 560.40p 1.60p
Accum units 631.10p
Fund commentary 30/11/09
Fund data updated on 23/04/14

* This fund is part of our annual bonus scheme to which conditions apply. If you qualify for the bonus it will be paid on any holding of this fund that you have in your Investment, ISA or SIPP accounts.

Asset allocation

Allocation Proportion(%)
Equity 96
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 4

Equity Geographic

Allocation Proportion(%)
UK 2
Europe 98
North America 0
Japan 0
Pacific 0
Other Equity 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 66
Mid Caps 33
Small Caps 1

Top 10 holdings

As at: 31/12/2013
4.69% Volkswagen Ag
4.47% Publicis Groupe Sa
4.24% Brenntag Ag
4.22% Axa Sa
4.16% Safran S.a.
4.14% Ryanair Hldgs
4.12% Credit Suisse Group
4.03% Bnp Paribas Sa
3.95% Seb Sa
3.95% Roche Hldg Ag
Source: Trustnet

Sector breakdown

Financials 24%
Consumer Goods 21%
Industrials 11%
Consumer Services 9%
Oil & Gas 9%
Health Care 9%
Technology 8%
Basic Materials 4%
Cash & Cash Equivalents 3%
Others 1%

Portfolio details

No information available.

Constraints

No information available.

Average monthly relative returns Bestinvest MRI
09/10 10/11 11/12 12/13 13/14   3 years 5 years Career 3 years 5 years Career
0.35% 0.54% -0.54% -0.52% -0.27%   -0.44% -0.09% -0.05% 14.90% 59.10% 66.60%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Nick Dowell

Manager. Dowell is a Fund Manager for Halbis, HSBC Global Asset Management's specialist investment business focused on active fundamental management. He has been with HSBC since January 1994. He joined the Halbis European Equity team in January 2000 as a portfolio manager and took over managing the HSBC European Growth fund in November 2007. Before this Dowell managed Pan European equity funds and worked along side Angus Parker (Head of Pan European Equities) on UK equity fund management. Prior to that Dowell was a member of HSBC's Global Research Group - a quantitative team, where he was responsible for designing global stock selection models. Dowell holds a BSc (Hons) degree in Actuarial Science from City University, London and is a CFA Charterholder.

Track record

Nick Dowell has 6.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from March 2011 - March 2014) there was a decline of 15% relative to the index. The worst absolute loss has been 40%.

Periods of worst performance
Absolute -40% (December 2007 - February 2009)
Relative -15% (March 2011 - March 2014)

Other funds managed

  Start Date
HSBC EUROPEAN GROWTHNov 2007

Sector record since November 2007 (6 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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