Insight European Alpha Retail Acc NAV

IMA Sector:

Europe Excluding UK

ISIN:

GB0032020967

Fund Type:

OEIC

210.97p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 12-Feb-2010
  • Change: -0.16p
  • Change %: -0.08%
  • Currency: GBP
  • YTD change: 210.97p
  • YTD %: n/a

Fund Objective

The Fund aims to achieve long-term capital growth.

View on Past Performance

As with most major markets, Europe's stocks fell sharply amid turmoil in the world's credit and banking industries. The contagion in financial markets spread to 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. The FTSE Europe ex UK index shed 13.0% in sterling,total return terms.Within the portfolio, we reduced our exposure to German industrials, selling out of Porsche, in the face of a deteriorating economic outlook. We did however buy back into BMW with some of the proceeds, believing it had been oversold. We increased our defensive positioning by buying into Dutch food giant Unilever, where we expect a change of management and approach to bring positive results.Elsewhere, we added to our holding in Zurich Financial Services, believing that it will be a beneficiary of the turmoil at US insurer AIG, as the latter's commercial clients seek out greater security.

Fund Details

Latest Price 210.97p IMA Sector Europe Excluding UK
Currency British Pound Launch Date 30/09/2002
Fund Size n/a Fund Manager Richard Wiseman
ISIN GB0032020967 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 210.97p
Currency GBP
Change -0.16p
% -0.08%
YTD change 210.97p
YTD % n/a

Fund Facts

Fund Inception 30/09/2002
Fund Manager Richard Wiseman
TER 1.60 (31-Oct-2008)

Fund Reports

Minimum Investment
Initial £2000
Additional £1,000
Savings £100
Charges
Initial 4.00%
Annual Mang't 1.50%
Exit n/a

Risks

Name %
Standard deviation 0.02
Sharpe ratio 0.08

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