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.
|YTD||1 year||3 years p.a.||5 years p.a.||Since inception p.a.|
|Investec GSF European Equity A Acc**||24.7%||23.6%||8.0%||13.6%||4.3%|
|MSCI Europe NRˆ||22.8%||22.3%||4.4%||8.6%||1.9%|
Past performance figures are not audited and should not be taken as a guide to the future. Data is not audited.
Source: Morningstar, dates to 30.09.17, NAV based, inclusive of all annual management fees but excluding any initial charges, gross income reinvested, in USD. *The investment objective of the Fund was amended in November 2012 to include the UK. Investec’s 4FactorTM Equity team started managing the Fund from 28.12.06, which is the date used for performance purposes as above, prior to this date the Fund was managed by a third party. **The A Acc share class launched 30.11.07, the performance shown prior to this is simulated performance based on oldest share class since fund launch adjusted to reflect the fees of the share class being simulated. ***The A Acc USD Hedged share class launched on 14 July 2014. ^Comparative index change from MSCI Europe ex UK NR to MSCI Europe NR on 30.11.12.
*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 4Factor 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.
*Internal parameters subject to change without prior notice, compares to 445 stocks for MSCI Europe.
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.
All information is as at 30.09.17 unless otherwise stated.
The Fund’s investment objectives and performance targets will not necessarily be achieved and there is no guarantee that these investments will make profits; losses may be made.
Fund specific risks:
Geographic / Sector: Investments may be primarily concentrated in specific countries, geographical regions and/or industry sectors. This may mean the value of the Fund may decrease whilst more broadly invested funds might grow.
Currency exchange: Changes in the relative values of different currencies may adversely affect the value of the Fund’s investments and any related income.
Derivatives: The use of derivatives is not intended to increase the overall level of risk in the Fund. However, the use of derivatives may still lead to large changes in the value of the Fund and includes the potential for large financial loss.
Third party operational: The Fund’s operations depend on third parties. Investors in the Fund may suffer disruption or financial loss in the event of third-party operational failure.
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. bankruptcy), the owners of their equity rank last in terms of any financial payment from that company.
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.