JO Hambro Continental European Fund Retail Income Units
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.25% |
| Annual saving | 0.125% ² |
| Total Expense Ratio | 1.37% |
| Launch date | 05-11-2001 |
| Launch price | £1.00 |
| Sector | Offshore |
| Fund size | £306 million |
| Number of holdings | 69 |
| Fund type | OEIC |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Against a background of low economic growth, the fund remains cautiously positioned. The emphasis is on companies with earnings visibility in the utilities, pharmaceutical and telecoms sectors. Healthcare in particular has been a largely unloved sector but Rod Marsden is pleased to see the market re-assessing the good quality of the earnings stream of these companies. We continue to believe in the fund’s long term prospects.
Full research
About the Fund Manager
Rod Marsden
Located in: London
Rod joined the Group in September 2001. He spent 8 years as an Associate Director and Head of Pan-European Equities at Sanwa Asset Management, where he was responsible for managing up to £250 million of equity and pension fund portfolios. Previous experience includes 7 years with Municipal Mutual Insurance where he was responsible for the management of £175 million in equity portfolios. The Sanwa European Growth Unit Trust had a 5 star Micropal rating while under his management and was ranked second on an offer to bid basis in the Europe ex UK Sector for three years until July 2001 (Investment Week, July 2001).
Income details
| Running yield | N/a |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 31 March 2008 |
|---|---|
| Payment date ³ | 31 May 2008 |
Top 10 holdings
| Nestle S.A. | 3.61% |
|---|---|
| France Telecom | 3.54% |
| Roche Holding AG Part. Cert. | 3.15% |
| Novartis AG | 3.05% |
| BNP Paribas S.A. | 2.75% |
| Royal KPN N.V. | 2.73% |
| Deutsche Telekom AG | 2.65% |
| Bayer AG | 2.62% |
| Total S.A. | 2.58% |
| Fresenius Medical Care AG | 2.16% |
Top 10 sectors
| Banks | 12.88% |
|---|---|
| Pharmaceuticals & Biotechnology | 9.75% |
| Food Producers | 7.53% |
| Fixed Line Telecommunications | 7.24% |
| Cash and Equiv. | 7.08% |
| Oil & Gas Producers | 6.58% |
| Nonlife Insurance | 6.10% |
| Gas, Water & Multiutilities | 5.61% |
| Health Care Equipment & Services | 4.59% |
| Chemicals | 4.49% |
Top 10 countries
| France | 27.62% |
|---|---|
| Germany | 20.15% |
| Switzerland | 14.43% |
| Netherlands | 11.25% |
| Cash and Equiv. | 7.08% |
| Italy | 6.41% |
| Spain | 3.52% |
| United Kingdom | 3.28% |
| Denmark | 2.10% |
| Norway | 1.67% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 21-11-2008. Data accurate as at 30/09/2008.
