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FP Argonaut European Alpha GBP A Acc

Ranked 122 out of 123 in - Europe Excluding UK over 12 months
All calculations are in GBP unless stated

Managed by

Barry Norris

Barry Norris founded Argonaut in 2005 and is the CEO, CIO and lead fund manager on the Alpha, Pan European and Absolute Return funds which he manages using his distinct “earnings surprise” investment process. In over a decade of successful investing, he has established himself as a leading European equity investor managing over £1bn personally over long only and long/short equity strategies. Barry graduated from Cambridge University in 1996 with an MA in History, and in 1997 with an MPhil in International Relations. He also holds the CFA charter. Following graduation, he joined Baillie Gifford, moving to Neptune in 2002 where he launched and managed the European Opportunities Fund. Barry has managed the Argonaut European Alpha Fund and the Argonaut Pan European Fund since their launch in 2005 and the Argonaut Absolute Return Fund since inception in 2009. He is a regular contributor to the financial media, appearing frequently on Bloomberg TV and CNBC and has had opinion pieces published in the Daily Telegraph and the Financial Times.

Objective

To achieve its objective, the Fund will invest in a concentrated portfolio of approximately 30-60 stocks. The Fund will invest at least 80% in securities of companies incorporated in continental Europe and Ireland (excluding the UK). The Fund may also invest in companies that are headquartered or quoted outside Europe which derive a significant part of their business from Europe and whose securities are listed or traded on an eligible securities exchange.

Showing fund performance in United Kingdom View performance globally

Performance

Europe Excluding UK over : 31/10/2015 - 31/10/2016
  • Rank 122/123 Total Return
  • Rank 118/123 Standard Deviation
  • Rank 122/123 Max Drawdown
Fund Name Currency Return
119 Jupiter European GBP

11.1%

120 Allied Dunbar Europe GBP

10.6%

121 Sanlam FOUR Active European Ex-UK Equity A GBP GBP

9.4%

122 FP Argonaut European Alpha GBP A Acc GBP

4.3%

123 Comgest Growth Europe ex UK GBP I H Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.4%

Fund Name Currency Loss
119 Schroder ISF European Equity (Ex UK) A Dis GBP

-7.0%

120 Invesco Continental European Equity A Ann Dist EUR GBP

-7.4%

121 Comgest Growth Europe ex UK GBP I H Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-8.1%

122 FP Argonaut European Alpha GBP A Acc GBP

-10.3%

123 Neptune European Opportunities A Acc GBP GBP

-11.3%

Total Return

Quarterly Performance

to 30/09/2016 Annual Q1 Q2 Q3 Q4
2016 -2.9% -7.6% 6.4%
2015 15.0% 11.1% -2.4% -2.6% 8.8%
2014 3.0% 10.2% -6.6% -4.5% 4.7%
2013 30.7% 11.9% 2.2% 2.8% 11.2%
2012 11.1% 9.8% -11.9% 6.3% 8.1%
2011 -9.6% 1.9% 1.9% -15.5% 3.0%
2010 13.5% 6.4% -10.6% 9.8% 8.7%
2009 26.4% -8.3% 6.5% 36.3% -5.1%
2008 -23.1% -7.9% 4.6% -24.1% 5.1%
2007 9.3% 2.5% 3.2% 2.1% 1.3%
2006 30.4% 19.5% -5.2% 3.2% 11.5%
2005 17.6% 4.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2016

Top 10 Holdings

Stock Size
RWE AG ORD 5.98
Nestle SA ORD 5.97
Sunrise Communications Group AG ORD 5.85
Novartis AG ORD 5.79
Marine Harvest ASA ORD 4.95
Roche Holding AG Par 4.79
Ryanair Holdings PLC ORD 4.27
Aixtron SE ORD 4.08
Intesa Sanpaolo SpA PFD 4.06
Vestas Wind Systems A/S ORD 3.92
31/07/2016

Registered For Sale In

  1. France
  2. Germany
  3. Guernsey
  4. Ireland
  5. Isle of Man
  6. Singapore
  7. Spain
  8. Switzerland
  9. United Kingdom

Fund Info

  • Launch date13/07/2012
  • Share Class size72Mn
  • Base currencyGBP
  • ISIN GB00B4ZRCD05

Purchase Info

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

Charges

  • Annual management1.75%
  • Initial investment5.25

Related News

Argonaut's Norris overweights UK for first time ever

The Argonaut boss has called 2016's second quarter one of the worst in his career.

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