|Bid Price||-||Offer Price||-|
|Mid Price||GBX 131.00||Day Change||GBX +0.40 (0.31%)|
|Price Date||21 Aug 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||0.80||Fund Size||308,647,200.00|
|Launch Date||25/09/2014||Standard Initial Charge (%)||3.00|
|Annual Management Charge (%)||0.65||Sector||IMA UK Equity Income|
|Min Investment (£)||5,000,000.00||Total Expense Ratio (%)||0.80|
|ISIN||GB00BNY7YJ45||Min TopUp (£)||0.00|
The objective of the Fund is to achieve capital growth. The Fund will seek to achieve returns that are 2% p.a. in excess of the World Europe ex-UK Index over a rolling three year period, though there is no guarantee that it will do so. The portfolio will consist principally of listed equity securities, issued by companies established or operating in Europe (excluding the UK). The Fund may also invest in other transferable securities, money market instruments, cash and near cash and derivatives. Derivatives will be used only for the purpose of Efficient Portfolio Management. The Investment Manager intends to adopt a long-only strategy in its management of the Fund, adopting the firm’s Business Cycle Approach.
Chris Rice was head of pan-European equities at Cazenove Capital Management from 2011 to 2013, prior to which he was head of European equities from 2002 to 2011. He joined Cazenove from HSBC Asset Management (Europe) Ltd where he held a similar position between 1997 and 2002, responsible for their retail and institutional pan-European and European equity funds. Prior to HSBC, he was a Japanese and European fund manager at Scottish Amicable Investment Managers. Chris graduated from the University of Salford with First Class Honours in Finance and Accounting as well as a MPhil in Monetary Economics from the University of Glasgow and he is IIMR qualified. The Cazenove European Absolute Return Fund managed by Chris was shortlisted for European hedge fund of the year in 2008. His Cazenove European Fund achieved a AAA rating from Standard & Poor's.