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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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€101 300 000 |
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Sector Rank:
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7 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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131 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 751 at 31 Mar 2004 |
((3.90)% annual compound return)
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| R5000 per month since 31 Mar 2001 was worth R165 986 at 31 Mar 2004 |
((5.31)% 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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| Philippe Herault |
| Philippe Herault is located in Paris/London |
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Focus and Objective
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This is a growth-oriented fund investing in countries that have adopted the euro as their currency. Investments will be concentrated in 40 to 60 large and mid-sized companies, although there is the flexibility to invest significantly in smaller companies.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: |
29 Mar 1991 |
| Holdings: |
67 |
| Original Price: |
1 000.00 |
| Pricing System: |
Forward |
| Base Currency: |
€ |
| Domicile: |
Luxembourg |
| Rollup Fund: |
No |
| Benchmark: |
FTSE World Eurobloc 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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| TOTALFINAELF (Energy) |
€5 682 930 |
5.61% |
| NOKIA (Technology) |
€3 920 310 |
3.87% |
| DUTCHPETROLEU (Energy) |
€3 829 140 |
3.78% |
| SIEMENS (Goods & Services) |
€3 758 230 |
3.71% |
| TELEFONICA (Telecom) |
€3 464 460 |
3.42% |
| BNPPARIBAS (Financial Services) |
€3 180 820 |
3.14% |
| EON (Goods & Services) |
€3 170 690 |
3.13% |
| SOCIETEGENTEC (Technology) |
€3 140 300 |
3.10% |
| BSCHBANK (Banks) |
€3 079 520 |
3.04% |
| DMG (Financial Services) |
€3 018 740 |
2.98% |
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TOTALS
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€36 245 140
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35.78%
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