Ignis Argonaut European Income A Income
Also available as accumulation units
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.25% |
| Annual charge | 1.50% |
| Annual saving | 0.200% ² |
| Total Expense Ratio | 1.57% |
| Launch date | 15-12-2005 |
| Launch price | £1.00 |
| Sector | Europe Excluding UK |
| Fund size | £299 million |
| Number of holdings | 50 |
| Fund type | Unit Trust |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
In November 2008 Resolution re-brands as Ignis Asset Management and this fund will change name to reflect this. Whilst European markets have struggled in the global downturn, Oliver Russ has found pockets of value in a wide range of sectors. Exposure to the telecoms and utilities has proven helpful. There is also a bias in the energy and financial sectors which he believes will turnaround in a recovery.
Full research
About the Fund Manager
Oliver Russ
Located in: London
Oliver Russ graduated from Oxford University in 1996 with a first class honours degree in Classics. He holds the CFA charter, has successfully completed the IIMR examinations, and is a Fellow of the Securities Institute.
He joined investment boutique Orbitex in 1998, where he worked on European Equity and Income funds, and was responsible for running the Orbitex UK Equity Fund from its inception in March 2000.
In 2002 he moved to Invicta Investment Management, a privately owned hedge fund, joining Neptune Investment Management in April 2004 as a fund manager and financial analyst. Since joining Argonaut at its foundation in May 2005, Oliver has worked closely with Barry on the Argonaut European Alpha Fund, and is the lead manager of the Argonaut European Income Fund.
Income details
| Historic yield | 4.90% |
|---|---|
| Income paid | Quarterly |
| 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 | 28 February 2008 |
|---|---|
| Payment date ³ | 30 April 2008 |
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Top 10 holdings
Top 10 holdings currently unavailable.
Top 10 sectors
| Electricity | 13.79% |
|---|---|
| Fixed Line Telecommunications | 12.94% |
| Nonlife Insurance | 11.85% |
| Oil & Gas Producers | 9.90% |
| Banks | 9.38% |
| Cash and Equiv. | 5.60% |
| Pharmaceuticals & Biotechnology | 4.19% |
| Mobile Telecommunications | 4.14% |
| Gas, Water & Multiutilities | 3.44% |
| Real Estate Investment & Services | 2.90% |
Top 10 countries
| Italy | 17.85% |
|---|---|
| France | 13.96% |
| Germany | 13.49% |
| Finland | 7.99% |
| Netherlands | 7.81% |
| Greece | 7.51% |
| Cash and Equiv. | 5.60% |
| Spain | 5.07% |
| Sweden | 4.96% |
| United Kingdom | 4.68% |
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.
