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MAN GLG CONTINENTAL EUROPEAN GROWTH PROF C

MAN GLG CONTINENTAL EUROPEAN GROWTH PROF C - Overview

Overview of MAN GLG CONTINENTAL EUROPEAN GROWTH PROF C Buy in ISA Buy in Investment Account

The objective of the Fund is to achieve above average long-term capital growth through investing, directly or indirectly, in the quoted securities of companies listed on European Stock Exchanges.

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

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched July, 1998
Size £1,146m
Yield 0.6%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.90%

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 100
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0
Allocation Proportion(%)
UK 7
Europe 88
North America 5
Japan 0
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 48
Mid Caps 43
Small Caps 9
View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) 546.40p
Accum units 546.40p
Fund commentary
Fund data updated on 11/12/17

Asset allocation

Allocation Proportion(%)
Equity 100
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0

Equity Geographic

Allocation Proportion(%)
UK 7
Europe 88
North America 5
Japan 0
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 48
Mid Caps 43
Small Caps 9

Top 10 holdings

As at: 31/10/2017
7.1992%Ryanair Hldgs
6.2849%Chr Hansen Hldgs A/S
6.0085%Moncler Spa
5.5829%Sap Se
5.4506%Asml Holding Nv
4.5296%Ferrari Nv
4.4464%Carnival Corp
4.1547%Pandora As
4.06% Yoox Net-A-Porter Group Spa
4.0269%Autoliv Inc
Source: Trustnet

Sector breakdown

Consumer Discretionary 35%
Industrials 22%
Information Technology 18%
Health Care 12%
Materials 6%
Financials 3%
Consumer Staples 3%
Money Market 1%

Portfolio details

No information available.

Constraints

No information available.

Average monthly relative returns Bestinvest MRI
12/13 13/14 14/15 15/16 16/17   3 years 5 years Career 3 years 5 years Career
1.99% 0.60% -0.11%   0.83% 0.46% 99.00% 89.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Rory Powe

Manager. Modern History graduate from Trinity College, Oxford. Began career with INVESCO’s European Desk in 1986 as a graduate trainee and managed the European Growth fund from 1991. From 1998, he has headed the European team and from end-1999, INVESCO’s Pan-European Equity Team until 2001. Powe launched Powe Capital Management in 2001, and having developed the fundamental growth strategy there, he moved it to GLG in July 2014.

Track record

Rory Powe has 8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.46%. During the worst period of relative performance (from February 2000 - November 2001) there was a decline of 45% relative to the index. The worst absolute loss has been 58%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 89%.

Periods of worst performance
Absolute -58% (February 2000 - September 2001)
Relative -45% (February 2000 - November 2001)

Other funds managed

Sector record since February 1997 (8 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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