Lazard European Smaller Companies Retl Inc NAV

IMA Sector:

European Smaller Companies

ISIN:

GB0004282488

Fund Type:

OEIC

164.60p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 01-Oct-2008
  • Change: -3.80p
  • Change %: -2.26%
  • Currency: GBP
  • YTD change: 164.60p
  • YTD %: n/a

Fund Objective

To achieve long-term capital growth.

View on Past Performance

The best performing industries in the MSCI Europe Small Cap Index were Energy, Telecommunication Services and Utilities. The worst performing sectors were Consumer Durables & Apparel, Real Estate and Retailing.

Future Expectations

Continental European equity markets look set to remain volatile as economic growth slows, inflation fears persist and the European Central Bank continues to take a hard line approach against rising prices.While earnings growth expectations for 2008 have fallen, estimates for 2009 have risen. This may create another headwind for share prices. After a significant decline in equities over the quarter, an increasing amount of value is appearing at the stock specific level.Our aim is to continue to identify companies with sustainably high or improving returns that are trading at attractive valuations.

Fund Details

Latest Price 164.60p IMA Sector European Smaller Companies
Currency British Pound Launch Date 01/10/2007
Fund Size n/a Fund Manager Brian Pessin / team
ISIN GB0004282488 Dividend 1.33p

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

 

Price Info

Date 01-Oct-2008
NAV 164.60p
Currency GBP
Change -3.80p
% -2.26%
YTD change 164.60p
YTD % n/a

Fund Facts

Fund Inception 01/10/2007
Fund Manager Brian Pessin / team
TER 1.98 (30-Sep-2008)

Fund Reports

Minimum Investment
Initial £2000
Additional £500
Savings £75
Charges
Initial 3.75%
Annual Mang't 1.50%
Exit n/a

Risks

Name %
Standard deviation 0.02
Sharpe ratio 0.16

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