The Fund aims to provide an attractive level of growth by investing in European companies or companies which carry out a large proportion of their business activities in Europe.
|1 year||3 years p.a.||5 years p.a.||10 years p.a.||Since inception p.a.**|
|Investec GSF European Equity A Acc||-18.3%||2.1%||1.7%||8.4%||2.6%|
|MSCI Europe NR***
Calendar (and Index***) year returns: 2018: -18.3% (-14.9%); 2017: 31.6% (25.5%); 2016: -0.8% (-0.4%); 2015: 3.6% (-2.8%); 2014: -1.4% (-6.2%).
Source: Morningstar, dates to 31.12.18. *The investment objective of the Fund was amended in November 2012 to include the UK. **Performance start date: 28.12.06. Calendar year performance source: Morningstar, 5 years ending December 2017. †Performance is net of fees (A Acc Share class, NAV based, including ongoing charges, excluding initial charges), gross income reinvested, in USD. ***MSCI Europe NR (MSCI Eur ex UK NR pre 30.11.12).
The value of investments, and any income generated from them, can fall as well as rise. Where charges are taken from capital, this may constrain future growth.
Past performance is not a reliable indicator of future results. If any currency differs from the investor's home currency, returns may increase or decrease as a result of currency fluctuations.
Investment objectives and performance targets may not necessarily be achieved, losses may be made.
Specific risksGeographic/Sector: Investments may be primarily concentrated in specific countries, geographical regions and/or industry sectors. This may mean that the resulting value may decrease whilst portfolios more broadly invested might grow. Currency exchange: Changes in the relative values of different currencies may adversely affect the value of investments and any related income. Derivatives: The use of derivatives is not intended to increase the overall level of risk. However, the use of derivatives may still lead to large changes in value and includes the potential for large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss. Equity investment: The value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. insolvency), the owners of their equity rank last in terms of any financial payment from that company.
All information is as at 31.12.18 unless otherwise stated.
^Internal parameters subject to change without prior notice. The portfolio may change significantly over time.
^^The assets under management (‘AUM’) figure for the 4FactorTM team stated above is calculated on an investment basis i.e. the assets that are managed across the 4FactorTM range of strategies, which now includes the SA Equity & Multi-Asset strategies. Where investment strategies have underlying holdings in other Investec funds or investment strategies the same pool of assets may appear under more than one investment strategy.
Fund ratings may be provided by independent rating agencies based on a range of investment criteria, and do not constitute investment advice by Investec Asset Management. For a full description of the ratings please see www.investecassetmanagement.com/ratings.
Indices are shown for illustrative purposes only, are unmanaged and do not take into account market conditions or the costs associated with investing. Further, the manager’s strategy may deploy investment techniques and instruments not used to generate Index performance. For this reason, the performance of the manager and the Indices are not directly comparable.
If applicable MSCI data is sourced from MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.