Insight European Small Cap B Acc NAV

IMA Sector:

European Smaller Companies

ISIN:

GB0032021486

Fund Type:

OEIC

314.77p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 12-Feb-2010
  • Change: -0.020p
  • Change %: -0.01%
  • Currency: GBP
  • YTD change: 314.77p
  • YTD %: n/a

Fund Objective

The Fund aims to provide long-term growth by investing primarily in European smaller companies.

View on Past Performance

The Fund outperformed its index, but European smaller caps endured a difficult month, after stocks fell sharply amid turmoil in the world's credit and banking industries. The MSCI European Small Cap Index plunged 18.1% in sterling, total return terms.The contagion in financial markets reached continental Europe, as the governments of Belgium, the Netherlands and Luxembourg were forced to partly nationalise Belgian-Dutch group Fortis, while German lender Hypo Real Estate had to secure a credit line from various parties, including the German government, of up to €35bn.Within the portfolio, we bought into low-cost air carrier Ryanair, which looks set to benefit from a steady decline in oil prices, with travel of this type still attracting plentiful custom. We continued taking profits from several names, including oil services provider Fugro, with prices unlikely to return to previous peaks, and Belgian discount retailer Colruyt, which has done particularly well in the current economic climate.Elsewhere, we again added to German office supplier Takkt, which has a strong international growth profile.

Fund Details

Latest Price 314.77p IMA Sector European Smaller Companies
Currency British Pound Launch Date 30/09/2002
Fund Size n/a Fund Manager Aidan Farrell
ISIN GB0032021486 Dividend 0.00p

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Price Info

Date 12-Feb-2010
NAV 314.77p
Currency GBP
Change -0.020p
% -0.01%
YTD change 314.77p
YTD % n/a

Fund Facts

Fund Inception 30/09/2002
Fund Manager Aidan Farrell
TER -
Minimum Investment
Initial £500000
Additional n/a
Savings £100
Charges
Initial n/a
Annual Mang't 0.75%
Exit n/a

Risks

Name %
Standard deviation 0.02
Sharpe ratio 0.25

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