Ignis Argonaut European Income A Accumulation 
Also available as income units
Overview
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.25% |
| Annual charge | 1.50% |
| Annual saving | 0.200% ² |
| Performance charges | No |
| Total Expense Ratio | 1.58% |
| Launch date | 15-12-2005 |
| Launch price | £1.00 |
| Sector | Europe Excluding UK |
| Fund size | £436 million |
| Number of holdings | 53 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Please read the Simplified Prospectus in addition to the information above.
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
2009's market recovery was led by economically sensitive companies. As these tend to have a low yield, equity income funds were somewhat left behind. However, 2010 could see companies with solid earnings return to favour; the outlook for income funds is therefore brighter in our view. This fund is currently positioned towards the media and insurance sectors which combine income with growth potential, and also the telecoms sector which currently yields nearly 7%.
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 | 5.97% |
|---|---|
| Income paid | Quarterly |
| Type of payment | Dividend |
All yields are variable and not guaranteed. The information is correct as at 31-01-2010.
Distribution dates
| Ex-dividend date | 28 February 2010 |
|---|---|
| Payment date ³ | 30 April 2010 |
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Top 10 holdings
Top 10 holdings currently unavailable.
Top 10 sectors
| Nonlife Insurance | 11.95% |
|---|---|
| Banks | 10.00% |
| Electricity | 9.59% |
| Fixed Line Telecommunications | 8.60% |
| Oil & Gas Producers | 8.43% |
| Pharmaceuticals & Biotechnology | 7.77% |
| Media | 7.62% |
| Construction & Materials | 4.18% |
| General Retailers | 4.08% |
| Real Estate Investment & Services | 3.63% |
Top 10 countries
| France | 19.89% |
|---|---|
| Germany | 14.59% |
| Italy | 13.17% |
| Sweden | 8.02% |
| Spain | 8.01% |
| Netherlands | 7.80% |
| Switzerland | 7.20% |
| Finland | 5.48% |
| Greece | 3.84% |
| United Kingdom | 3.07% |
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 16-03-2010. Data accurate as at 28/02/2010.
