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BlackRock European Absolute Alpha

Ranked 69 out of 83 in - Long/Short Equity over 12 months
All calculations are in GBP unless stated

Managed by

Vincent Devlin

Born in Northern Ireland in 1970 Vincent Devlin graduated from the University of Manchester in 1992 with a BSc (Hons) in Electronic Engineering. His investment career began two years later when he joined the Co-operative Insurance Society where he spent four years before moving to Insight Investments in 1998 as fund manager of European equities. After a further four year stint Vincent moved to join Scottish Widows where he remained until 2007 reaching the position of investment director and managing European retail unit trusts with a total of €1bn funds under management. Having left SWIP at the end of 2007, Vincent moved to BlackRock. An associate member of UKSIP, Vincent’s leisure interests focus on the sporting activities of rugby and cycling.

Stefan Gries

Stefan Gries, CFA, director and research analyst, is a member of BlackRock's European Equity team within BlackRock's Alpha Strategies Group. Prior to joining BlackRock in 2008, he spent two years at Scottish Widows Investment Partnership where he completed a two year graduate program. During this program Stefan was an analyst covering auto and auto suppliers, metal & mining sectors and small and mid-cap Eurozone stocks. During his studies, Stefan worked summers at Lehman Brothers and DWS Investments. He earned an MA in Economics and Spanish from the University of St Andrews in 2005.

Objective

This Fund seeks to achieve a positive absolute return for investors and, as such, the Fund will not be managed against any European equity index. The Fund invests primarily in a portfolio of equities and equity-related securities (including derivatives) of companies incorporated or listed in the European Economic Area and Switzerland, although from time to time cash and near cash may be held. The Fund may also invest in other transferable securities, permitted money market instruments, permitted deposits and units in collective investment schemes. In order to achieve the investment objective and policy the Fund will invest in a variety of investment strategies and instruments.

Showing fund performance in United Kingdom View performance globally

Performance

Long/Short Equity over : 31/05/2016 - 31/05/2017
  • Rank 69/83 Total Return
  • Rank 16/83 Standard Deviation
  • Rank 56/83 Max Drawdown
Fund Name Currency Return
67 Goldman Sachs Glo Eq Long Short Pf DV Acc GBP-H

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.0%

68 JPM Europe Equity Absolute Alpha C (perf) DisGBP H

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.5%

69 BlackRock European Absolute Alpha P Acc GBP

-3.8%

70 BSF European Absolute Return D2RF GBP GBP

-4.4%

71 Pensato Europa Absolute Return R GBP B

Currency exposure is hedged

Currency exposure is hedged

GBP

-5.4%

Fund Name Currency Risk
14 Goldman Sachs Glo Eq Long Short Pf DV Acc GBP-H

Currency exposure is hedged

Currency exposure is hedged

GBP

3.7

15 BlackRock UK Absolute Alpha A Acc GBP

3.8

16 BlackRock European Absolute Alpha P Acc GBP

3.9

17 Henderson HF Pan European Alpha I2 GBP H

Currency exposure is hedged

Currency exposure is hedged

GBP

3.9

18 UNI-GLOBAL Absolute Return SAH-GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

3.9

Fund Name Currency Loss
54 LM MC Euro Abs Alpha M (PF) GBP Dis (A) (H)

Currency exposure is hedged

Currency exposure is hedged

GBP

-5.0%

55 MS Alkeon UCITS A GBP GBP

-5.5%

56 BlackRock European Absolute Alpha P Acc GBP

-5.5%

57 BSF European Absolute Return D2RF GBP GBP

-5.8%

58 Schroder UK Dynamic Abs Return P1 Acc GBP

-6.1%

Total Return

Quarterly Performance

to 31/03/2017 Annual Q1 Q2 Q3 Q4
2017 -0.3%
2016 -5.9% -1.7% 1.0% -0.4% -4.9%
2015 8.9% 1.9% 1.4% 2.9% 2.5%
2014 0.3% 2.7% -4.4% 0.5% 1.5%
2013 4.4% 1.3% 1.8% -0.5% 1.7%
2012 5.2% 1.7% 1.6% 0.5% 1.3%
2011 5.7% -2.3% 0.1% 4.7% 3.3%
2010 3.8% 0.8% -1.6% 2.4% 2.3%
2009 2.1% 0.6% 0.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/12/2016

Top 10 Holdings

Stock Size
EUR Cash 10.67
BlackRock ICS Inst Sterling Liq Agency Dist 7.30
TORONTO DOMINION BANK 67.000% 21-Apr-2017 6.40
RABOBANK LTD 1.000% 17-May-2017 5.32
UBS AG BASEL 66.000% 13-Jan-2017 4.26
OP Yrityspankki Oyj 0.000% 09-Feb-2017 4.25
Mizuho Crp Bk LN 0.000% 20-Feb-2017 4.25
BNP Paribas CD 3.22
Lloyds Bank PLC 0.100% 04-Oct-2017 2.13
NORINCHKN BK LON 0.00% 01/20/17 SR:20 2.13
31/12/2016

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date31/03/2009
  • Share Class size75Mn
  • Base currencyGBP
  • ISIN GB00B4Y62T40

Purchase Info

  • Min. initial investment500
  • Min. regular additional investment50

Charges

  • Annual management1.50%
  • Initial investment5

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