Paul Wild manages this long-established fund with a pragmatic investment process that combines top-down economic and sector views with bottom-up stock picking. The Fund’s core style and risk profile has enabled it to outperform in both up and down markets and helped to build a market-leading performance track record since the Fund’s launch in 2001.
The Fund invests primarily in European blue chip and medium-sized companies
Paul Wild employs top-down sector analysis, focusing upon industry fundamentals, earnings growth potential and momentum, as well as simple sector valuations
Paul's bottom-up stock selection involves the identification of factors leading to potentially strong company earnings growth and positive earnings momentum (e.g. pricing power, brand positioning, financial management) and comparative valuation analysis
Paul adopts clear risk controls at both stock and industry level in order to maintain a low level of performance volatility.
Reasons To Invest
Diversified portfolio of Continental European equities primarily invested in blue chip and medium-sized companies
Focus upon the identification of both specific and industry-wide growth opportunities
The Fund has a long-term track record of combining superior capital growth with low performance volatility
Paul Wild
Senior Fund Manager
Justin MacGregor
Senior Analyst
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Other European Equity Funds
JOHCM European Select Values Fund
Fund manager Robrecht Wouters has a highly selective, valuation-oriented investment style, which focuses on undervalued pan-European companies that generate high returns on capital. His stock-picking approach is unconstrained by benchmark weightings and combines traditional ‘value’ investing (focusing on attractive valuations) an...
The Fund aims to achieve long-term capital appreciation by investing in the equity securities of companies in the Europe ex UK region. Up to 15% of the Fund may be invested in companies domiciled outside the region.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Strategy Highlights
As at 30 June 2024
European markets showed small weakness during June, mainly driven by the announcement following the European Parliamentary elections of the dissolution of the French Parliament by President Macron and the subsequent calling of fresh elections. The context for the elections was Le Pen and Bardella’s Rassemblement National’s success, capturing 32% of the vote in the European elections, whilst Macron’s allies only gained 15%. The first round of the French elections took place at the end of June and saw further success for extreme left and right parties, leaving the likelihood of a hung Parliament or a cohabitation. The market’s focus remains particularly on the extent of fiscal expansion at a time of elevated government indebtedness, with the French budget deficit being 5.5% last year, at a time when the European Central Bank (ECB) implemented the excessive deficit procedure. At the European Parliament level, the People’s Party remained the largest grouping and expanded their number of seats to 26%, whilst the Renew and Green groupings were the main losers; Ursula von der Leyen has been nominated for a second term as President ahead of a vote in July.
The ECB cut rates by 25bps to 3.75% as expected, without offering much guidance on the timing of further cuts other than describing the current rate setting as being ‘far away’ from the neutral rate. New staff forecasts expect stronger GDP growth at 0.9% this year, accompanied by slightly higher inflation at 2.5% and 2.2% headline inflation this year and next with higher core at 2.8% and 2.2%. PMI flash estimate data came in lower at 50.8 at the composite level, with a small sequential decline in Services and a nudge higher Manufacturing reading at 45.8. In the US payroll numbers surprised to the upside at 272k, whilst unemployment unexpectedly moved higher to 4%, helping to further dial back the timing of the first interest rate cut as mirrored by the move in the Fed’s dot plot.
The fund lost ground over June due to poor stock picking in technology, financials, and industrials. The fund was very marginally overweight in France coming into recent events, and we moved slightly underweight; the French CAC 40 index underperformed our benchmark by 5%. Airbus was weak over the month after downgrading its full-year plane delivery target by 4% due to supply chain issues, most recently with engines, whilst taking a €900m charge in the Space business. Full-year EBIT guidance has been reduced to €5.5bn. Elsewhere, Carlsberg surprised the market after announcing a bid for Britvic, a strategic surprise by the new CEO who, back in February, boosted the company’s guidance for organic growth. Whilst the offer can be justified on the valuation, it switches focus to soft drinks and massively increases UK exposure to around 25% of sales, with leverage moving towards 3x EBITDA. ASML and Deutsche Telekom were the leading positive contributors over the period.
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Percentage growth of the fund versus benchmark
Data as at 30 June 2024
A GBP share class, since launch (5 November 2001)
Return history (%)
Data as at 30 June 2024
Standardised Performance
Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Jun 19 - Jun 20
Jun 20 - Jun 21
Jun 21 - Jun 22
Jun 22 - Jun 23
Jun 23 - Jun 24
Fund
1.73%
20.58%
-8.79%
20.72%
11.80%
Monthly returns (%)
Data as at 30 June 2024
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Annual
Since inception
Fund
2001
5.00
5.00
Benchmark
2001
2.66
1.65
4.35
Fund
2002
0.10
2.28
5.12
-1.95
-0.63
-6.45
-11.17
-0.55
-14.07
7.29
7.51
-7.98
-20.95
Benchmark
2002
-3.89
0.21
5.14
-2.96
0.23
-9.83
-12.74
1.16
-12.19
4.65
9.90
-8.63
-27.66
Fund
2003
-4.10
-0.38
0.63
14.29
6.36
2.06
4.55
3.48
-2.05
4.96
2.91
4.15
42.17
Benchmark
2003
-5.29
-1.81
2.40
10.42
4.26
2.05
3.32
2.74
-2.92
3.42
3.35
4.83
29.17
Fund
2004
1.69
-0.33
-4.10
3.05
-3.13
3.58
-3.96
0.26
5.08
1.17
4.03
4.35
11.69
Benchmark
2004
1.19
-0.59
-3.30
2.70
-1.74
3.69
-4.50
1.30
4.31
2.61
3.35
3.48
12.71
Fund
2005
0.68
3.32
-0.44
-4.54
6.06
2.32
8.98
-0.97
5.37
-6.47
7.31
4.96
28.53
Benchmark
2005
-0.86
3.26
-0.24
-4.21
5.82
2.39
7.75
-2.40
4.91
-3.71
5.76
4.26
24.16
Fund
2006
4.43
3.96
4.89
-0.21
-7.84
1.47
0.83
1.54
3.09
0.95
2.50
2.85
19.36
Benchmark
2006
3.05
3.01
4.17
0.22
-6.53
1.92
0.93
1.78
3.47
1.77
1.73
2.31
18.85
Fund
2007
1.43
-0.05
3.02
5.91
2.30
-1.81
-2.92
-0.60
4.71
1.20
-0.09
2.42
16.27
Benchmark
2007
0.96
0.50
2.80
6.02
2.87
-2.60
-2.56
-0.50
5.07
2.34
-0.80
2.03
16.91
Fund
2008
-11.60
3.69
-1.08
4.13
2.17
-7.85
-1.32
3.42
-13.87
-14.54
2.74
16.12
-20.34
Benchmark
2008
-12.19
3.75
0.35
4.48
2.09
-10.85
-0.33
3.30
-12.84
-17.26
1.57
17.29
-23.10
Fund
2009
-11.58
-11.99
4.71
12.80
2.33
-3.91
7.78
12.24
8.94
-3.74
0.62
3.48
19.37
Benchmark
2009
-12.76
-11.45
7.17
12.51
2.20
-3.30
8.63
9.89
6.91
-3.34
0.98
3.13
18.26
Fund
2010
-5.57
2.44
9.04
-3.48
-7.19
-3.48
5.64
-3.90
9.36
4.30
-5.00
9.38
9.73
Benchmark
2010
-7.02
2.43
8.31
-3.90
-6.78
-3.73
6.32
-4.42
10.16
3.44
-5.29
8.41
5.77
Fund
2011
2.50
1.28
1.02
3.52
-1.64
0.87
-6.50
-9.82
-6.31
13.17
-11.50
1.64
-13.37
Benchmark
2011
2.09
0.75
1.54
4.65
-2.31
0.34
-6.68
-11.40
-6.89
11.16
-8.58
1.64
-14.79
Fund
2012
5.31
6.42
-1.65
-6.09
-7.60
4.71
2.75
4.48
3.31
2.30
2.43
2.41
19.19
Benchmark
2012
5.11
5.90
-1.77
-5.10
-7.15
4.24
3.31
3.75
2.27
2.35
2.96
1.96
18.31
Fund
2013
10.09
0.89
-0.08
1.23
5.48
-4.88
7.05
-1.69
2.18
7.36
-0.16
1.28
31.59
Benchmark
2013
9.48
0.85
-0.84
2.20
3.32
-4.68
6.84
-2.18
2.22
5.94
-0.51
0.54
24.75
Fund
2014
-2.39
5.52
0.91
-1.55
2.37
-3.30
-4.11
2.03
0.59
-1.10
5.44
-3.51
0.29
Benchmark
2014
-3.76
5.77
1.23
0.08
1.51
-2.40
-3.06
1.65
-1.24
-0.87
4.92
-3.71
-0.43
Fund
2015
4.94
2.87
3.45
-0.72
2.45
-5.13
2.40
-3.73
-2.35
4.15
1.17
0.15
9.48
Benchmark
2015
4.29
2.67
3.72
-1.39
1.76
-5.88
2.43
-5.22
-2.87
4.85
1.46
-0.53
4.66
Fund
2016
-4.23
0.90
3.18
0.44
0.06
2.45
5.96
2.56
-0.21
6.43
-5.59
5.89
18.45
Benchmark
2016
-4.54
0.82
3.69
0.94
-0.70
2.42
6.60
2.18
-0.39
6.08
-5.16
6.31
18.89
Fund
2017
1.35
-1.02
3.43
0.80
5.58
-1.40
1.95
1.66
0.36
1.21
-0.60
-1.13
12.66
Benchmark
2017
1.67
0.27
4.63
1.46
5.24
-0.95
1.00
2.01
-0.81
2.05
-1.22
-0.44
15.71
Fund
2018
3.10
-3.36
-3.80
5.22
-0.98
-0.37
3.72
-1.51
0.05
-5.80
-1.15
-5.80
-10.81
Benchmark
2018
1.69
-3.51
-3.23
4.40
-0.31
-0.41
4.75
-0.97
-1.03
-5.97
-0.25
-5.16
-10.12
Fund
2019
2.53
2.09
1.48
3.30
-2.62
5.71
2.90
-2.16
0.53
-1.95
1.96
1.67
16.20
Benchmark
2019
3.65
1.74
1.82
4.92
-2.45
6.54
2.72
-1.37
0.40
-1.56
1.83
1.16
20.76
Fund
2020
-2.32
-7.65
-11.43
7.41
8.77
5.95
-0.95
2.73
-1.18
-7.56
16.59
2.86
10.23
Benchmark
2020
-1.23
-6.67
-11.33
6.73
7.06
4.40
-0.71
2.05
-0.08
-6.49
14.65
1.90
7.85
Fund
2021
-2.37
2.46
4.74
2.51
2.16
-1.41
0.25
4.86
-2.74
1.27
-2.95
5.90
15.12
Benchmark
2021
-1.90
-0.19
4.36
3.78
1.90
1.40
1.38
3.22
-3.44
1.94
-1.42
4.26
16.00
Fund
2022
-2.15
-5.98
3.19
-3.32
2.40
-8.80
3.64
-1.73
-3.36
5.18
7.30
0.98
-3.87
Benchmark
2022
-6.17
-4.74
4.39
-2.89
0.77
-8.39
6.38
-2.22
-4.92
4.33
7.63
0.02
-7.07
Fund
2023
6.13
2.57
-0.64
1.58
-2.31
0.29
0.54
-1.29
-1.18
-3.01
6.39
5.19
14.59
Benchmark
2023
5.03
2.36
0.18
1.95
-2.48
0.90
2.06
-2.15
-1.40
-2.85
5.69
4.83
14.52
Fund
2024
0.67
2.06
3.88
-0.77
2.19
-2.97
5.01
642.84
Benchmark
2024
0.09
2.78
3.42
-1.33
2.47
-1.27
6.19
404.55
Source and notes
JOHCM/MSCI Barra/FTSE Group/Bloomberg/Lipper.
Data shown net of fees, net income reinvested. Please note that fund performance is shown against the MSCI Europe ex UK NR 12pm adjusted. Data for the period 5 November 2001 to 31 December 2012 is shown against the FTSE Eurofirst 300 ex UK TR Index. Performance of other share classes may vary and is available on request. Where shown, monthly returns table shows compounded discrete monthly performance. During the period 5 November 2001 to 7 May 2003 the performance record is based on the pre-existing share class that had a higher management fee.
Disclaimer
Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Fund statistics
Data as at 30 June 2024
Fund size
GBP 510.49m
Number of holdings
37
Top 10 holdings and active weights
Data as at 30 June 2024
Top 10 holdings
Novo Nordisk
8.51%
ASML Holding
7.92%
Novartis
6.19%
CRH
5.58%
Deutsche Telekom
5.28%
Heineken
4.35%
Astrazeneca Plc US$ 025
4.05%
Banco Santander
3.88%
Siemens
3.50%
Autoliv Inc Shs Swedish DR
3.10%
Top 10 active weights
CRH
+5.58%
Deutsche Telekom
+4.31%
Astrazeneca Plc US$ 025
+4.05%
Heineken
+4.02%
Novartis
+3.68%
Autoliv Inc Shs Swedish DR
+3.10%
ASML Holding
+3.01%
Banco Santander
+3.00%
Novo Nordisk
+2.90%
PRYSMIAN
+2.69%
Sector breakdown
Data as at 30 June 2024
Portfolio
Benchmark
Relative
Industrials
20.70%
17.35%
3.35%
Health Care
18.75%
17.21%
1.55%
Information Technology
13.64%
10.64%
3.00%
Financials
10.00%
18.08%
-8.08%
Consumer Staples
8.97%
8.75%
0.22%
Communication Services
7.53%
3.19%
4.33%
Consumer Discretionary
6.83%
11.27%
-4.44%
Materials
5.58%
5.89%
-0.32%
Real Estate
2.24%
0.84%
1.40%
Utilities
2.21%
3.68%
-1.48%
Energy
0.00%
3.10%
-3.10%
Cash
3.56%
0.00%
3.56%
Market cap breakdown
Data as at 30 June 2024
Portfolio
Benchmark
Relative
Large Cap
91.89%
99.62%
-7.72%
Medium Cap
3.31%
0.38%
2.93%
Small Cap
1.24%
0.00%
1.24%
Cash
3.56%
0.00%
3.56%
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Distribution of income occur on or before: 31 May, 31 August, 30 November and 28 February
The quarterly table above shows the last two years net dividends (on an accounting rather than a paid basis) for this fund. If you require the dividends for previous time periods, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com.
Funds paying semi-annual dividends
Distribution of income occur on or before: 31 August and 28 February
JOHCM UK Dynamic Fund (Onshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate (estimated)
A - distributing
GBP
30 Aug 2024
pence per share
4.735399
A - accumulating
GBP
30 Aug 2024
pence per share
7.59417
B - distributing
GBP
30 Aug 2024
pence per share
4.245882
B - accumulating
GBP
30 Aug 2024
pence per share
8.311086
Y - distributing
GBP
30 Aug 2024
pence per share
2.974221
Y - accumulating
GBP
30 Aug 2024
pence per share
4.383506
X - distributing
GBP
30 Aug 2024
pence per share
2.47997
X - accummulating
GBP
30 Aug 2024
pence per share
2.972206
L - distributing
GBP
30 Aug 2024
pence per share
2.444
L - accummulating
GBP
30 Aug 2024
pence per share
2.425166
M - distributing
GBP
30 Aug 2024
pence per share
2.420092
M - accumulating
GBP
30 Aug 2024
pence per share
2.476813
K - distributing
GBP
30 Aug 2024
pence per share
2.472
K - accumulating
GBP
30 Aug 2024
pence per share
2.525192
JOHCM UK Dynamic Fund (Offshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Sterling Y Shares
GBP
31 Jul 2024
pence per share
2.4668
Euro Y Shares
EUR
31 Jul 2024
pence per share
2.476
US Dollar Y Shares
USD
31 Jul 2024
pence per chare
2.845
JOHCM Global Select Shariah Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
US Dollar A Shares
USD
31 Jul 2024
pence per share
0.4694
Funds paying annual dividends
Distribution of income occur on or before 28 February
JOHCM Asia ex Japan Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Sterling A Shares
GBP
28 Feb 2024
pence per share
3.0011
US Dollar A Shares
USD
28 Feb 2024
cents per share
2.3900
Euro A Shares
EUR
28 Feb 2024
cents per share
2.9114
Sterling B Shares
GBP
28 Feb 2024
pence per share
1.5626
US Dollar B Shares
USD
28 Feb 2024
cents per share
1.2851
Euro B Shares
EUR
28 Feb 2024
cents per share
1.5605
Sterling Z Shares
GBP
28 Feb 2024
cents per share
3.6312
US Dollar Z Shares
USD
28 Feb 2024
cents per share
2.7222
JOHCM Asia ex Japan Small and Mid Cap Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Sterling A Shares
GBP
28 Feb 2024
pence per share
0.0000
US Dollar A Shares
USD
28 Feb 2024
cents per share
0.0000
Euro A Shares
USD
28 Feb 2024
cents per share
0.0000
Sterling B Shares
GBP
28 Feb 2024
pence per share
0.0000
US Dollar B Shares
EUR
28 Feb 2024
cents per share
0.0000
Euro B Shares
USD
28 Feb 2024
cents per share
0.0000
Sterling Z Shares
GBP
28 Feb 2024
cents per share
1.56820
JOHCM Continental European Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Euro A Shares
EUR
28 Feb 2024
pence per share
5.7782
Euro B Shares
EUR
28 Feb 2024
cents per share
3.7784
Euro Y Shares
EUR
28 Feb 2024
pence per share
2.4506
Sterling A Shares
GBP
28 Feb 2024
pence per share
7.1582
Sterling A Shares - Hedge
GBP
28 Feb 2024
cents per share
1.3875
Sterling B Shares
GBP
28 Feb 2024
cents per share
4.5079
Sterling X Shares
GBP
28 Feb 2024
pence per share
1.6701
Sterling Y Shares
GBP
28 Feb 2024
pence per share
2.8389
Sterling Y Shares - Hedge
GBP
28 Feb 2024
cents per share
1.5828
US Dollar A Shares
USD
28 Feb 2024
cents per share
1.8816
US Dollar B Shares - Hedge
USD
28 Feb 2024
pence per share
0.9958
US Dollar Y Shares
USD
28 Feb 2024
pence per share
1.7692
JOHCM European Select Values Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Sterling A Shares
GBP
28 Feb 2024
pence per share
5.5762
Euro A Shares
EUR
28 Feb 2024
cents per share
3.5682
Sterling B Shares
GBP
28 Feb 2024
pence per share
2.6361
Euro B Shares
EUR
28 Feb 2024
cents per share
1.233
Euro X Shares
EUR
28 Feb 2024
cents per share
0.5376
Euro Y Shares
EUR
28 Feb 2024
cents per share
1.1704
JOHCM Global Emerging Markets Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Sterling A Shares
GBP
28 Feb 2024
pence per share
2.2775
US Dollar A Shares
USD
28 Feb 2024
cents per share
1.8887
Euro A Shares
EUR
28 Feb 2024
cents per share
2.4749
Sterling B Shares
GBP
28 Feb 2024
pence per share
1.4135
US Dollar B Shares
USD
28 Feb 2024
cents per share
1.5795
Euro B Shares
EUR
28 Feb 2024
cents per share
1.571
Sterling Y Shares
GBP
28 Feb 2024
pence per share
2.9977
US Dollar Y Shares
USD
28 Feb 2024
cents per share
2.5092
Sterling Z Shares
GBP
28 Feb 2024
cents per share
4.4746
Canadian Dollar Z Shares
CAD
28 Feb 2024
cents per share
4.0653
JOHCM Global Opportunities Fund (onshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A DISTRIBUTING
GBP
28 Feb 2024
pence per share
2.411497
A ACCUMULATING
GBP
28 Feb 2024
pence per share
2.699908
X DISTRIBUTING
GBP
28 Feb 2024
cents per share
2.460528
X ACCUMULATING
GBP
28 Feb 2024
cents per share
2.526286
A ACCUMULATING HEDGED
GBP
28 Feb 2024
cents per share
2.361961
JOHCM Global Opportunities Fund (offshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Sterling A Shares
GBP
28 Feb 2024
pence per share
4.1679
US Dollar A Shares
USD
28 Feb 2024
cents per share
3.958
Euro A Shares
EUR
28 Feb 2024
cents per share
4.5388
Euro A Shares - Hedge
EUR
28 Feb 2024
cents per share
1.8065
Sterling B Shares
GBP
28 Feb 2024
cents per share
4.0053
US Dollar B Shares
USD
28 Feb 2024
cents per share
3.2958
Euro B Shares
EUR
28 Feb 2024
cents per share
3.6494
Sterling X Shares
GBP
28 Feb 2024
cents per share
3.6351
Euro X Shares
EUR
28 Feb 2024
cents per share
2.1128
Sterling X Shares - Hedge
GBP
28 Feb 2024
cents per share
1.9782
Sterling Z Shares
GBP
28 Feb 2024
cents per share
1.8735
Euro Z Shares
EUR
28 Feb 2024
cents per share
2.3066
JOHCM Global Select Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Sterling A Shares
GBP
28 Feb 2024
pence per share
2.915
US Dollar A Shares
USD
28 Feb 2024
cents per share
1.5321
Euro A Shares
EUR
28 Feb 2024
cents per share
2.6999
Sterling B Shares
GBP
28 Feb 2024
pence per share
0.0000
US Dollar B Shares
USD
28 Feb 2024
cents per share
0.0000
Euro B Shares
EUR
28 Feb 2024
cents per share
0.0000
Sterling Z Shares
GBP
28 Feb 2024
pence per share
4.2729
JOHCM UK Growth Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Sterling A Shares
GBP
28 Feb 2024
pence per share
5.1881
Sterling B Shares
GBP
28 Feb 2024
pence per share
2.8603
Sterling X Shares
GBP
28 Feb 2024
pence per share
2.8694
JOHCM UK Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A - distributing
GBP
28 Feb 2024
pence per share
6.322169
A - accumulating
GBP
28 Feb 2024
pence per share
10.185733
B - distributing
GBP
28 Feb 2024
pence per share
5.90282
B - accumulating
GBP
28 Feb 2024
pence per share
9.378544
Y - accumulating
GBP
28 Feb 2024
pence per share
4.26672
Y - distributing
GBP
28 Feb 2024
pence per share
5.711236
Net dividends quoted in the local share class currency.
With a tolerable monetary headwind, pockets of earnings tailwinds and modest valuations it may just be that Europe continues to shine versus its peers.
Two Europes – Value and Change in European Equities
07 Jun 2024 | 31 mins
JOHCM Continental European Fund Q3 2023 Update
03 Aug 2023 | 25 mins
A Route Through Recession
30 Jun 2023 | 30 mins
JOHCM Continental European Fund Q2 2023 Update
25 Apr 2023 | 28 mins
Paul Wild
Senior Fund Manager
Justin MacGregor
Senior Analyst
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Other European Equity Funds
JOHCM European Select Values Fund
Fund manager Robrecht Wouters has a highly selective, valuation-oriented investment style, which focuses on undervalued pan-European companies that generate high returns on capital. His stock-picking approach is unconstrained by benchmark weightings and combines traditional ‘value’ investing (focusing on attractive valuations) an...
This webpage is designed to provide the reader with information about the J O Hambro Capital Management Continental European Fund (“Fund”) in relation to the EU Sustainable Finance Disclosure Regulation or “SFDR” as referred to throughout this disclosure. JOHCM Funds (Ireland) Limited, the Fund’s Manager, has categorised the Fund as meeting the provisions set out in Article 8 of the SFDR.
The information is required by law and does not form part of the Fund’s marketing materials. Its purpose is to help the reader understand the sustainability objective of this Fund. The reader is advised to read it in conjunction with the Fund’s prospectus that can be found here.
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14 years' industry experience, joined Regnan in June 2020.
Tim Crockford leads the Regnan Equity Impact Solutions team. He previously managed the Hermes Impact Opportunities Equity Fund from its launch in December 2017, having co-founded the Hermes Impact team in 2016. Tim joined Hermes Investment Management in 2009 as a research analyst for the European Equities team and became lead portfolio manager of the ESG-integrated Hermes Europe ex-UK Equity Fund in 2015, which he also managed until he left Hermes.
13 years’ industry experience, joined Regnan in May 2020.
Mohsin is a fund manager dedicated to the strategy. He was previously a senior analyst on the Hermes Impact Opportunities Equity Fund, having joined Hermes in 2017. Prior to Hermes, Mohsin was an investment manager in Global Equities at Pictet Asset Management. At Pictet his experience included working on thematic equity funds including Water, Clean Energy and Agriculture.
10 years’ industry experience, joined Regnan in May 2020.
Maxime is an investment analyst dedicated to the strategy. He has a decade of experience in sustainable investment. Previously, as an investment analyst at Hermes from 2016, he participated in the design, launch and management of the Hermes Impact Opportunities Equity Fund. Prior to this he led the integration of ESG and stewardship across investment strategies.
6 years’ industry experience, joined Regnan in April 2020.
Maxine is an investment analyst dedicated to the strategy. She was previously an analyst on the Hermes Impact Opportunities Equity Fund. Maxime transferred to the Hermes Impact team in 2016, having initially joined the Hermes EOS team in 2014. She headed up the chemicals sector team, while also focusing on the financial services, industrials and technology sectors.
