Navigation Search

Select your location and role to view strategy and fund content

  • Global homepage
  • Australia
  • Belgique
  • Botswana
  • Denmark
  • Deutschland
  • España
  • Finland (Suomi)
  • France
  • Hong Kong (香港)
  • Ireland
  • Italia
  • Luxembourg
  • Namibia
  • Nederland
  • Norway
  • Österreich
  • Portugal
  • Singapore
  • South Africa
  • Sweden (Sverige)
  • Switzerland
  • United Kingdom
  • United States
  • International
Professional Investor
  • Professional Investor
  • Individual Investor

Tailored for investment professionals this site provides information on our products, strategies and services. Please remember capital is at risk and past performance is not a guide to the future. We use cookies to ensure that we give you the best experience on our website. This includes cookies from third parties. Such third party cookies may track your use of our website. By continuing you are confirming that you are happy to receive all cookies on our website. Please refer to our Cookie Policy for further information, including steps to take to disable cookies.

By entering you agree to our Terms & Conditions

European Equity Fund

Ahead of the pack in European equities

Important Information:

  • Investec European Equity Fund (the "Fund") invests in limited geographical locations (i.e Europe) which can be more volatile than more broadly diversified portfolios. Equity investments could be volatile and subject to high risk of loss. 
  • The Fund may hold investments exposed to economic conditions in Europe, particularly in eurozone and may be subject to increased risk of sovereign default, foreign exchange fluctuation, volatility and market liquidity.
  • The Fund may use derivatives for hedging and/or efficient portfolio management purposes and may be exposed to significant risk of losswhen the use becomes ineffective. Derivatives will not be used extensively for investment purposes
  • Portfolio Currency Hedged Share Class ("PCHSC") may be subject to risks arising from uncertainty in interest rate and foreign exchange rate movements. Investing in PCHSC is subject to hedging risks and exchange rate fluctuation between the primary currency exposures in the Fund's portfolio and the currency denomination of the relevant PCHSC
  • In adverse situations, the Fund may suffer significant losses. It is possible that the original amount you invested could be lost
  • Investors should not soley rely on this document to make investment decisions.

Why Europe? Why now?

  • Europe is home to many established global leaders
  • A weaker euro should boost exports and help corporate earnings
  • Lower oil prices should benefit European companies and consumers
  • European shares are at historic lows vs. the US, leaving scope for improvement
  • European equity valuations are at the middle of their historic levels

Investec European Equity Fund highlights

  • Provides exposure to the investment opportunities waiting to be uncovered in Europe, including the UK*
  • High conviction portfolio constructed from bottom-up stock-picking 
  • An adaptable portfolio which is benchmark, style and market cap agnostic
  • 87% active share and 59% currently invested in small-medium size companies**
  • Excellent track record of outperformance with a low beta
  • Portfolio Currency Hedged Share Classes available, which hedge all non-USD currency exposure into USD

Our track record in managing European equities#  

6 Months           1 Year           3 Years         5 years           Since Launch
Investec European Equity Fund A Inc 7.8% -0.2% 75.7% 103.9% 3,139.7%
Investec European Equity Fund A Acc USD Hedged (Portfolio-AC) 11.1% - - - 15.8%
MSCI Europe Index 3.8% -7.7% 41.9% 61.2% 2,313.0%
Quartile ranking (A Inc) 1 1 1 1 -


*The investment objective of the Fund was amended on 30.11.12 to include investment in the UK.  

**Internal parameters subject to change without prior notice.

***Comparative index change from MSCI Europe ex UK NR to MSCI Europe NR on 30.11.12.

Fund ratings may be provided by independent rating agencies based on a range of investment criteria. For a full description of the ratings please see www.investecassetmanagement/ratings. Ken Hsia is AAA rated by Citywire for his 3 year risk-adjusted performance for the period 30.06.12 – 30.06.15. The Morningstar rating shown is based on the A Inc share class, the primary share class.

#Source: ©2015 Morningstar. All Rights Reserved. Data as of 30 June 2015, based on A Inc Share class. Fund rating does not guarantee that the fund constituents, or fund prices will not fluctuate. Calendar year performance: A Inc USD – Year 2010: 10.09%; Year 2011: -17.63%; Year 2012: 29.84%; Year 2013: 36.25%; Year 2014: -1.36%; YTD (30.06.15): 7.81%; A Acc USD Hedged (Portfolio – AC): Year 2014: 4.25% (since launch on 14 July 2014 to end2014); YTD (30.06.15): 11.08%. A Inc share class and A Acc USD Hedged (Portfolio-AC) share class were launched on 25.01.1985 and 14.07.2014 respectively. Quartile ranking within the Lipper European Equity sector.

^Bloomberg Businessweek Top Fund Awards evaluation based on the fund performance as of 30 September 2014. Best Fund Manager Awards highlight those individual managers adding the most value above their Citywire applied benchmark over three years until 31 December 2014.  


Inportant information

The value of this investment, and any income generated from it, will be affected by changes in interest rates, general market conditions and other political, social and economic developments, as well as by specific matters relating to the assets in which it invests. The Fund’s investment objective will not necessarily be achieved and investors are not certain to make profits; losses may be made. Past performance figures shown are not indicative of future performance. Investment involves risks. Investors should read the Prospectus for details, including the risk factors.

All the information contained in this communication is believed to be reliable but may be inaccurate or incomplete. Any opinions stated are honestly held but are not guaranteed and should not be relied upon. This is not a buy, sell or hold recommendation for any particular security. The portfolio may change significantly over a short period of time.

This communication is provided for general information only. It is not an invitation to make an investment nor does it constitute an offer for sale.The full documentation that should be considered before making an investment, including the Prospectus and Product Key Facts Statement (KFS), which set out the fund specific risks, is available from Investec Asset Management.

The Fund is domiciled in Luxembourg. This communication should not be distributed to private customers who are resident in countries where the Fund is not registered for sale or in any other circumstances where its distribution is not authorised or is unlawful. Please visit to check registrations by country.

In Hong Kong, this document has not been reviewed by the Securities and Futures Commission (SFC). The company website has not been reviewed by the SFC and may contain information with respect to non-SFC authorized funds which are not available to the public of Hong Kong. THIS INVESTMENT IS NOT FOR SALE TO US PERSONS. Telephone calls may be recorded for training and quality assurance purposes. Issued by Investec Asset Management Hong Kong Limited.

The content of this page is intended for investment professionals only and should not be relied upon by anyone else

Please confirm you fall under this category

By entering you agree to our Terms & Conditions