Heptagon European Focus Equity Funds Facts
Kickstart your morning on day 4 with 6 quick interesting facts about the European Focus Fund!
- Since its inception in August 2014, European Focus has only made 50 completed investments (bought then sold).
- 5 of the original stocks have been held in the Portfolio since the launch of the Fund in August 2014: Coloplast, Dassault Systèmes, EssilorLuxottica, Lindt & Sprüngli and L’Oréal.
- The number of European Focus Universe companies varies but tends to be in the range of 35-45. The universe is regularly tested to ascertain that the outperformance ratio is high. THE strategy lives by the mantra: ‘If it ain’t broke, don’t fix it.’ THIS means that if the Universe is performing well, don’t change it – if it is not performing well, then we look to make well considered amendments.
- The long-term outperformance ratio of the European Universe companies against the benchmark (MSCI Europe Net EUR) index has been in the 55-65% range when all stocks are converted to EUR from their base-denomination. In other words, European Focus seeks a ‘fish-rich’ pond.
- In order to keep the Fund’s Investment Universe vibrant, the strategy aims to add one new Universe company per year and eliminate one per year over time. Since the inception of the Fund in August 2014, 7 companies have left the European universe: Adecco, Capita, Gemalto, H&M, Inditex, Reckitt Benckiser, and Serco; while 5 new companies have been added to the European universe since after the inception of the Fund: Adyen, ASML, Givaudan, Lonza, Tomra.
- European Focus’ investment strategy adheres to the discipline that a focused fund, with the aim to invest in businesses which are highly focused on a core competence not be ‘jack-of-all-trades’, such as industrial conglomerates. In other words, European Focus limit its investments to only focused businesses which have primarily one core competence.
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For more information about the European Focus Fund and its other holding, click here.
The is provided for information purposes only and does not constitute investment advice or any recommendation to buy, or sell or otherwise transact in any investments. This is not intended to be construed as investment research. Past performance is no guide to future performance and the value of investments and income from them can fall as well as rise.
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