Cazenove European Class B Accumulation Units
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.65% |
| Launch date | 28-03-1989 |
| Launch price | £0.50 |
| Sector | Europe Excluding UK |
| Fund size | £395 million |
| Number of holdings | 70 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
In anticipation of a significant drop in corporate earnings, many companies in the European market have come under pressure. This fund has proven resilient against this backdrop. Chris Rice has been cautious and maintained the fund’s bias in more defensive companies with stronger earnings. A well timed exit from some commodity shares has also helped. A focus on larger, more solid companies should benefit the fund.
Full research
About the Fund Manager
Chris Rice
Located in: London UK
CHRIS RICE joined Cazenove in 2002. As Head of European (ex UK ) equities, he is responsible for all aspects of European (ex UK ) equity strategy, portfolio construction and performance. He is manager of the Cazenove European Fund (onshore), The Cazenove European Equity (ex UK ) Fund (offshore) and The Cazenove European Equity Absolute Return Fund. He is responsible for sector research in Banks & Specialty Finance (including Property), Oil & Gas, Media, General Retailers, Personal Care/Luxury Goods and Support Services. Chris joined from HSBC Asset Management ( Europe ) Ltd where he held a similar position, 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. He is a Director of Cazenove Capital Management and has 16 years of investment experience.
Income details
| Running yield | 0.29% (net) |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. The information is correct as at 31-03-2007.
Distribution dates
| Ex-dividend date | 31 December 2008 |
|---|---|
| Payment date ³ | 28 February 2008 |
Top 10 holdings
| Sanofi-Aventis S.A. | 4.65% |
|---|---|
| Nestle S.A. | 3.87% |
| Carrefour S.A. | 3.17% |
| Enagas S.A. | 3.15% |
| Roche Holding AG Part. Cert. | 3.03% |
| Heineken N.V. | 2.85% |
| Unilever N.V. CVA | 2.79% |
| Total S.A. | 2.72% |
| RED ELECTRICA CORP SA | 2.68% |
| Vivendi | 2.58% |
Top 10 sectors
| Pharmaceuticals & Biotechnology | 12.67% |
|---|---|
| Banks | 10.44% |
| Food Producers | 7.98% |
| Cash and Equiv. | 7.87% |
| Nonlife Insurance | 6.89% |
| Gas, Water & Multiutilities | 5.84% |
| Fixed Line Telecommunications | 5.30% |
| Oil & Gas Producers | 5.12% |
| Food & Drug Retailers | 4.69% |
| Media | 4.56% |
Top 10 countries
| France | 27.13% |
|---|---|
| Switzerland | 16.59% |
| Spain | 9.58% |
| Germany | 9.02% |
| Netherlands | 8.17% |
| Cash and Equiv. | 7.87% |
| Italy | 7.33% |
| Finland | 2.69% |
| Belgium | 2.20% |
| Non-Classified | 2.01% |
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 31/10/2008.
