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Ranking
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Sector:
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Europe-Equity-General |
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Size:
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€126 230 000 |
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Sector Rank:
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8 out of 22 |
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(lump sum over 3 years to 31 Mar 2004)
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Overall Rank:
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132 out of 243 |
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(lump sum over 3 years to 31 Mar 2004)
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| R20000 invested on 31 Mar 2001 was worth R17 729 at 31 Mar 2004 |
((3.94)% annual compound return)
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| R5000 per month since 31 Mar 2001 was worth R165 492 at 31 Mar 2004 |
((5.51)% annual return compounded monthly)
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| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
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Management
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| Andrew Koch |
| Andrew Koch is located in London |
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| Jeff Currington, Director European Equities |
| Located in London |
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Focus and Objective
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This is a growth-oriented fund investing in European companies (excluding the UK). Investments will be well diversified and tend to be in large and mid-sized companies, although there may be some smaller-company exposure.The team uses top-down analysis from the HSBC Global Investment Strategy Group and combines this with bottom-up research by fund managers and analysts. Fund composition is determined by analysis of the business cycle to identify those sectors that offer value relative to the market. The team can therefore switch between a value and growth bias to suit market conditions. The principal factor that drives stock selection is sustainable competitive advantage: the team aims to find those companies that have lower costs, better technology, superior management and dominant distribution, preferably companies with many or all of these attributes.
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Technical overview
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| Formation Date: |
28 Feb 1990 |
| Holdings: |
72 |
| Original Price: |
1 000.00 |
| Pricing System: |
Forward |
| Base Currency: |
€ |
| Domicile: |
Luxembourg |
| Rollup Fund: |
No |
| Benchmark: |
FTSE World Europe Ex UK index |
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Top holdings on 31 Mar 2004
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Share (Sector)
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Value
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% of fund
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| DUTCHPETROLEU (Energy) |
€4 872 478 |
3.86% |
| ROCHE (Healthcare) |
€4 392 804 |
3.48% |
| UBS (Financial Services) |
€4 228 705 |
3.35% |
| TOTALFINAELF (Energy) |
€4 127 721 |
3.27% |
| SIEMENS (Goods & Services) |
€3 635 424 |
2.88% |
| NOVARTIS (Healthcare) |
€3 509 194 |
2.78% |
| CREDITSUISSE (Financial Services) |
€3 244 111 |
2.57% |
| BANCOBILBAO (Banks) |
€3 004 274 |
2.38% |
| TIS (Telecom) |
€2 928 536 |
2.32% |
| TELEFONICA (Telecom) |
€2 827 552 |
2.24% |
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TOTALS
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€36 770 799
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29.13%
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