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FP Argonaut European Enhanced Inc GBP A Acc Hgd

Ranked 1 out of 108 in - Europe Excluding UK over 12 months
All calculations are in GBP

Managed by

Oliver Russ

Oliver Russ was born in Trowbridge in 1973. He attended Christ Church College, Oxford University where he studied classics. He started his career at Orbitex in 1998 and during 2002-03 he completed his IIMR qualification. Oliver joined Neptune in 2004 and then left for Argonaut Capital in 2005 where he currently manages the Ignis Argonaut European Income and Argonaut High Dividend funds using a long term value, income focused investment approach. Oliver is a Chartered Financial Analyst and a member of the Securities Institute. Outside of fund management he lists walking, history and literature as his interests.

Objective

The fund aims to achieve a high income yield with some long term capital growth in Sterling terms. The predominant investment policy of the Fund is to invest directly in a concentrated portfolio of approximately 30 to 60 stocks of companies incorporated in Continental Europe and Ireland (excluding the UK) and whose securities are listed on or traded on an eligible market. The Fund may also invest in companies incorporated outside of European markets and whose revenue is derived substantially from European markets or whose assets are substantially in European markets.

Performance

Europe Excluding UK over : 31/10/2013 - 31/10/2014

Total Return

Quarterly Performance

to 31/10/2014 Annual Q1 Q2 Q3 Q4
2014 5.1% 3.9% 1.9% 0.9% -1.6%
2013 23.6% 8.3% 1.0% 5.5% 7.1%
2012 16.4% 7.5% -4.0% 10.0% 2.7%
2011 -10.3% 3.9% -3.2% -15.1% 5.1%
2010 2.7% -6.1% 6.0% 3.3%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/09/2014

Top 10 Holdings

Stock Size
Swedbank AB ORD 4.07
Allianz SE ORD 3.53
Gjensidige Forsikring ASA ORD 3.45
Endesa SA ORD 3.37
Sampo Oyj ORD 3.25
Daimler AG ORD 3.00
Terna Rete Elettrica Nazionale SpA ORD 2.95
Telenet Group Holding NV ORD 2.91
Axa SA ORD 2.90
Bayer AG ORD 2.69
30/09/2014

Registered For Sale In

  1. Denmark
  2. France
  3. Guernsey
  4. Ireland
  5. Isle of Man
  6. Italy
  7. Jersey
  8. Singapore
  9. Spain
  10. Switzerland
  11. United Kingdom

Fund Info

  • Launch date16/07/2012
  • Share Class size06Mn
  • Base currencyGBP
  • ISIN GB00B7M3XX95
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment50,000
  • Min. additional investment10,000

Charges

  • Annual management1.5%
  • Initial investment5.25

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).