IFDS Argonaut Euro Income I Acc

IMA Sector:

Europe Excluding UK

ISIN:

GB00B0TS2C00

Fund Type:

Unit Trust

118.23p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 13-Jul-2012
  • Change: 0.30p
  • Change %: 0.25%
  • Currency: GBP
  • YTD change: 118.57p
  • YTD %: n/a

Fund Objective

To provide an income in excess of the yield of the MSCI Europe ex UK Index by investing in a concentrated portfolio of approximately 30-50 companies predominately incorporated in Europe (excluding the UK) or which have derived a significant part of their business from Europe (excluding the UK) whilst preserving capital.

View on Past Performance

August saw the market take a holiday from the volatility that has plagued it all year, as the MSCI index rose 1.5% in euros. The continuing unwinding of the commodities bubble found a mirror image in the action of the US dollar. Whilst bad for commodities, a strong dollar is usually good for global equities, and certainly dollar sensitive stocks were especially strong this month. The fund returned 2.6% which was behind its alpha dominated sector average

Fund Details

Latest Price 118.23p IMA Sector Europe Excluding UK
Currency British Pound Launch Date 15/12/2005
Fund Size n/a Fund Manager Oliver Russ
ISIN GB00B0TS2C00 Dividend 0.00p
 

Price Info

Date 13-Jul-2012
NAV 118.23p
Currency GBP
Change 0.30p
% 0.25%
YTD change 118.57p
YTD % n/a

Fund Facts

Fund Inception 15/12/2005
Fund Manager Oliver Russ
TER 0.80 (30-Mar-2012)

Fund Reports

Minimum Investment
Initial £500
Additional £250
Savings n/a
Charges
Initial n/a
Annual Mang't 1.50%
Exit n/a

Risks

Name %
Standard deviation 0.02
Sharpe ratio 0.15

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