Baring Europe Select Trust Fund A Inc GBP

霸菱歐洲精選基金 A類 Inc 英鎊

GB0000796242

Risk Rating: Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours
GBP

37.99

Latest Price: 2019-03-24

Dealing Information

0%

Subscription Fee
As low as 0 %

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.50%

HKD4,000.00Min. Subscription

AUD / HKD / EUR / GBP / USD

HKD4,000.00Min. Subscription

HKD4,000.00

  • Subscription or Switch In to the fund is subject to availability of quota.
*Not include dividends (If applicable)

Fund Performaces

1 mth
-1.61
3 mth
+7.13
6 mth
-10.21
1 yr
-1.08
3 yr
+35.98
5 yr
+59.58

Analytical Figures (3 years)

Annualized Return
+10.79
Annualized Volatility
+11.01
Sharpe Ratio
+0.86

Fund Information

Fund Houses
Baring Asset Management (Asia) Limited
Launch Date
2001-08-15
Fund Manager
Nicholas Williams
Manager Start Date
2004-10-31
Geographical Focus
Europe
Asset Class/ Sector
Equity - Small / Mid cap
Risk Rating
Risk Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-03-24)
GBP 1,568,094,000
Management Fee
1.50%
Latest Dividend
GBP 14.0700 (2018-12-02)

Sector Leaders

Dealing Information

0%

Subscription Fee
As low as 0 %

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.50%

HKD4,000.00Min. Subscription

AUD / HKD / EUR / GBP / USD

HKD4,000.00Min. Subscription

HKD4,000.00

  • Subscription or Switch In to the fund is subject to availability of quota.

Dividend Records

Dividend DateDividend Records (GBP)
2018-12-0214.0700
2018-05-310.2190
2017-11-3014.0700
2017-05-310.0382
2016-11-3014.0700
2016-05-310.1690
2015-11-3014.0700
2015-05-310.1550
2014-11-3014.0700
2014-06-0114.0700
2013-08-110.3520
2013-06-0235.1900
2012-12-020.0226
2012-08-090.0972
2012-05-310.0972
2012-01-290.0226
2011-08-090.0977
2011-05-310.0977
2010-08-090.0528
2010-05-310.0528
2009-08-090.1383
2009-05-310.1383
2008-08-100.0846
2008-06-010.0846
2007-08-090.0373
2007-05-310.0373
2006-08-090.0309
2006-05-310.0309
2005-08-090.0337
2005-05-310.0337
2004-08-090.0510
2004-05-310.0510
2004-01-140.0039
2003-11-300.0039
2003-08-100.0363
2003-06-010.0363
1999-07-140.0033
1999-05-310.0033
1999-01-140.0011
1998-11-300.0011
1998-07-300.0218
1998-05-310.0218
1997-07-140.0218
1997-06-010.0218
1997-01-140.0048
1996-12-010.0048
1996-07-140.0126
1996-06-020.0126
1996-01-140.0101
1995-11-300.0101
1995-07-160.0010
1995-05-310.0010
1995-01-150.0017
1994-11-300.0017

Investment Objective

To achieve long-term capital growth by investing in Europe.

Nature and Extent of Risks

Investment involves risks. Please refer to the Prospectus for details including the risk factors.
1. Investment risk
The Trust’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Trust may suffer losses. There is no guarantee of the repayment of principal.
2. Risks of investment in equities
The Trust’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors. When the equity markets are extremely volatile the Trust’s net asset value may fluctuate substantially.
Securities exchanges typically have the right to suspend or limit trading in any instrument traded on that exchange. The governments or the regulators may also implement policies that may affect the financial markets. A suspension could render it impossible for the Investment Manager or an underlying fund manager to liquidate positions and thereby expose the Trust to losses and may have a negative impact on the Trust.
3. Risks of investment in equity-related securities
The Trust may invest in equity-related securities. These are usually issued by a broker, an investment bank or a company and are therefore subject to the risk of insolvency or default of the issuer. If there is no active market in these instruments, this may lead to liquidity risk. Further, investment in equity-linked securities may lead to dilution of performance of the Trust when compared to the other funds which invest directly in similar underlying assets due to fees embedded in the notes. The aforesaid circumstances may adversely affect the net asset value per unit of the Trust. 4. Risks of investment in small-capitalisation/mid-capitalisation companies
The stock of small-capitalisation and mid-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general. Risks include economic risks, such as lack of product depth, limited geographical diversification, increased sensitivity to the business cycle and organisational risk, such as concentration of management and shareholders and key-person dependence. Shares in smaller companies can be more difficult to buy and sell, resulting in less flexibility, and sometimes higher costs, in implementing investment decisions.
5. Risks associated with investment in emerging markets
The Trust which invests in emerging markets may be subject to increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility. Currency conversion and repatriation of investment income, capital and proceeds of sale by the Trust may be limited or require governmental consents. The Trust could be adversely affected by delays in, or refusal to grant, any such approval for the repatriation of funds or by any official intervention affecting the process of settlement of transactions. Stock exchanges and other such clearing infrastructure may lack liquidity and robust procedures and may be susceptible to interference.
High market volatility and potential settlement difficulties in the markets may also result in significant fluctuations in the prices of the securities traded on such markets and thereby may adversely affect the value of the Trust.
6. Risks associated with investment in specific regions
The Trust’s investments may be concentrated in European markets. The value of the Trust may be more volatile than that of a fund having a more diverse portfolio of investments. The value of the Trust may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting a market in the European market.
In light of ongoing concerns on the sovereign debt risk of certain countries within the Eurozone, the Trust’s investments in the region may be subject to higher volatility, liquidity, currency and default risks. Any adverse events, such as credit downgrade of a sovereign or exit of EU members from the Eurozone, may have a negative impact on the value of the Trust.
7. Liquidity risks
Liquidity risk exists when a particular security or instrument is difficult to purchase or sell. If the amount of a transaction is particularly large or if the relevant market is illiquid (as is the case with many privately negotiated derivatives, structured products, etc), it may not be possible to initiate a transaction or liquidate a position at an advantageous time or price.
8. Risks of investing in convertible bonds
Convertible bonds are a hybrid between debt and equity, permitting holders to convert into shares in the company issuing the bond at a specified future date. As such, convertibles will be exposed to equity movement and greater volatility than straight bond investments. Investments in convertible bonds are subject to the same interest rate risk, credit risk, liquidity risk and prepayment risk associated with comparable straight bond investments.
9. Currency risks
The underlying investments of the Trust may be denominated in currencies other than the base currency of the Trust. Also, a class of units of the Trust may be designated in a currency other than the base currency of the Trust. The net asset value of the Trust may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
10. Risks associated with derivatives
In adverse situations, the Trust’s use of derivatives for hedging and/or efficient portfolio management may become ineffective and the Trust may suffer significant losses. Risks associated with financial derivative instruments include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a financial derivative instrument can result in a loss significantly greater than the amount invested in the financial derivative instrument by the Trust. Exposure to financial derivative instruments may lead to a high risk of significant loss by the Trust.