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 31 May 2024
A strong month for European equity markets but a month where interest rate views were front and centre; European yields saw a small increase across the curve despite expectations of a rate cut in June. Equity positivity was partially empowered by the first quarter results season, where we have seen broad earnings ahead of forecasts in most sectors. Eurozone first quarter GDP growth came in much stronger than the consensus expected at 0.3% QoQ, leading to full-year GDP forecasts being revised upwards to the current 0.7%; this shows a significant improvement from the 0.1% contraction in the fourth quarter. This was mirrored by the composite PMI at 52.3, making it clearer that consumers benefit from the inflection in real wage growth. The May flash Inflation reading rose more than expected to 2.6%, after being 2.4% in the previous month, driven by the services sector. Wage growth remains a focus for inflation, recent German collectively agreed wages rose 6.3% in the first quarter. In the US, Federal Reserve governor Jay Powell confirmed the push-out of nearer-term rate cuts as they are already priced into rate futures. His stance was seen as dovish versus some who have been calling for a further hike. Elsewhere, we had some noteworthy stimulus in China for its over-burdened property sector, with government support for local government property purchases and a relaxation in the mortgage rules. China was also in the news for the $18 billion of Biden tariffs on Chinese imports, and we are likely to hear more in the coming weeks regarding European tariffs on Chinese auto imports.
The fund marginally underperformed during May, held back by slightly weaker stock picking with positive allocation. On the stock picking side, industrials and financials dragged on performance. Ryanair was the weakest holding over the period, with the company downgrading their expectations for summer pricing from higher single digits to lower; despite this hiccup, we remain optimistic for the company’s prospects. Ryanair continues to gain market share and enjoys sector-leading operating performance whilst having the solidity of a net cash balance sheet and considerable returns to shareholders. Elsewhere, we continue to add to the new position in Prysmian, further increasing the fund’s thematic exposure to electrification. The company has significant new production capacity coming onstream in the US over the coming years and is a strong beneficiary of grid capex in the US and Europe, whilst the recently announced proposed acquisition of Encore Wire makes significant sense in strengthening their US low voltage market share.
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 31 May 2024
A GBP share class, since launch (5 November 2001)
Return history (%)
Data as at 31 May 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.
Mar 19 - Mar 20
Mar 20 - Mar 21
Mar 21 - Mar 22
Mar 22 - Mar 23
Mar 23 - Mar 24
Fund
-12.61%
44.56%
4.31%
9.52%
13.08%
Monthly returns (%)
Data as at 31 May 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
8.23
665.60
Benchmark
2024
0.09
2.78
3.42
-1.33
2.47
7.56
411.04
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 31 May 2024
Fund size
GBP 555.73m
Number of holdings
36
Top 10 holdings and active weights
Data as at 31 May 2024
Top 10 holdings
ASML Holding
6.74%
Novo Nordisk
6.73%
Novartis
5.28%
AXA
5.23%
CRH
5.09%
Banco Santander
4.63%
Veolia
4.04%
Airbus
4.04%
Astrazeneca Plc US$ 025
3.71%
Heineken
3.55%
Top 10 active weights
CRH
+5.09%
AXA
+4.48%
Veolia
+3.78%
Astrazeneca Plc US$ 025
+3.71%
Banco Santander
+3.67%
Autoliv Inc Shs Swedish DR
+3.45%
Heineken
+3.22%
Novartis
+2.92%
Airbus
+2.87%
VONOVIA
+2.85%
Sector breakdown
Data as at 31 May 2024
Portfolio
Benchmark
Relative
Industrials
19.89%
17.93%
1.97%
Health Care
15.73%
16.31%
-0.58%
Financials
13.91%
18.50%
-4.59%
Information Technology
12.44%
9.71%
2.73%
Consumer Staples
8.22%
9.02%
-0.79%
Consumer Discretionary
7.99%
11.47%
-3.48%
Communication Services
5.50%
3.19%
2.31%
Materials
5.09%
5.97%
-0.88%
Utilities
4.04%
3.81%
0.24%
Real Estate
3.12%
0.88%
2.23%
Energy
0.00%
3.22%
-3.22%
Cash
4.05%
0.00%
4.05%
Market cap breakdown
Data as at 31 May 2024
Portfolio
Benchmark
Relative
Large Cap
91.87%
99.64%
-7.77%
Medium Cap
3.00%
0.36%
2.64%
Small Cap
1.08%
0.00%
1.08%
Cash
4.05%
0.00%
4.05%
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
A - distributing
GBP
31 Aug 2023
pence per share
4.7348
A - accumulating
GBP
31 Aug 2023
pence per share
7.2848
B - distributing
GBP
31 Aug 2023
pence per share
4.2666
B - accumulating
GBP
31 Aug 2023
pence per share
8.0119
Y - distributing
GBP
31 Aug 2023
pence per share
2.9766
Y - accumulating
GBP
31 Aug 2023
pence per share
4.2119
X - distributing
GBP
31 Aug 2023
pence per share
2.4775
X - accummulating
GBP
31 Aug 2023
pence per share
2.8519
M - distributing
GBP
31 Aug 2023
pence per share
0.6975
M - accumulating
GBP
31 Aug 2023
pence per share
0.6975
K - distributing
GBP
31 Aug 2023
pence per share
0.6130
K - accumulating
GBP
31 Aug 2023
pence per share
0.6128
JOHCM UK Dynamic Fund (Offshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Y
GBP
31 Aug 2023
pence per share
2.2517
Y
EUR
31 Aug 2023
pence per share
2.1310
Y
USD
31 Aug 2023
pence per chare
2.3831
JOHCM Global Select Shariah Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
USD
31 Aug 2023
pence per share
0.3187
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
A
GBP
28 Feb 2023
pence per share
0.0000
A
EUR
28 Feb 2023
cents per share
0.0000
A
USD
28 Feb 2023
cents per share
0.0000
B
GBP
28 Feb 2023
pence per share
0.0000
B
EUR
28 Feb 2023
cents per share
0.0000
B
USD
28 Feb 2023
cents per share
0.0000
Z
GBP
28 Feb 2023
cents per share
1.2559
Z
USD
28 Feb 2023
cents per share
0.0088
JOHCM Asia ex Japan Small and Mid Cap Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
0.0000
A
EUR
28 Feb 2023
cents per share
0.0000
A
USD
28 Feb 2023
cents per share
0.0000
B
GBP
28 Feb 2023
pence per share
0.0000
B
EUR
28 Feb 2023
cents per share
0.0000
B
USD
28 Feb 2023
cents per share
0.0000
Z
GBP
28 Feb 2023
cents per share
0.0000
JOHCM Continental European Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
10.0915
A
EUR
28 Feb 2023
cents per share
7.9953
A - hedge
GBP
28 Feb 2023
pence per share
2.9851
B
GBP
28 Feb 2023
pence per share
7.7618
B
EUR
28 Feb 2023
cents per share
6.4068
B - hedge
USD
28 Feb 2023
cents per share
1.1526
Y
GBP
28 Feb 2023
pence per share
3.7378
Y - hedge
GBP
28 Feb 2023
pence per share
3.2781
Y
EUR
28 Feb 2023
cents per share
3.0566
JOHCM European Select Values Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
4.8151
A
EUR
28 Feb 2023
cents per share
2.6779
B
GBP
28 Feb 2023
pence per share
2.0318
B
EUR
28 Feb 2023
cents per share
0.8256
Y
EUR
28 Feb 2023
cents per share
0.8964
JOHCM Global Emerging Markets Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
3.9725
A
EUR
28 Feb 2023
cents per share
3.7874
A
USD
28 Feb 2023
cents per share
2.7065
B
GBP
28 Feb 2023
pence per share
3.5330
B
EUR
28 Feb 2023
cents per share
3.4128
B
USD
28 Feb 2023
cents per share
3.0881
Y
GBP
28 Feb 2023
pence per share
4.9039
Y
USD
28 Feb 2023
cents per share
2.8124
Z
GBP
28 Feb 2023
cents per share
7.3245
JOHCM Global Opportunities Fund (onshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
2.5742
A - hedged
GBP
28 Feb 2023
pence per share
2.3240
X
GBP
28 Feb 2023
cents per share
2.4772
JOHCM Global Opportunities Fund (offshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
4.4298
A
EUR
28 Feb 2023
cents per share
4.1956
A
USD
28 Feb 2023
cents per share
3.3076
B
EUR
28 Feb 2023
cents per share
3.8301
B
USD
28 Feb 2023
cents per share
3.1239
A - hedged
EUR
28 Feb 2023
cents per share
1.6538
X
GBP
28 Feb 2023
cents per share
3.7875
Z
GBP
28 Feb 2023
cents per share
1.7774
X - hedged
GBP
28 Feb 2023
cents per share
2.1090
X
EUR
28 Feb 2023
cents per share
1.9147
JOHCM Global Select Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
2.5774
A
EUR
28 Feb 2023
cents per share
2.0747
A
USD
28 Feb 2023
cents per share
1.0629
B
GBP
28 Feb 2023
pence per share
0.0000
B
EUR
28 Feb 2023
cents per share
0.0000
B
USD
28 Feb 2023
cents per share
0.0000
Z
GBP
28 Feb 2023
pence per share
4.2279
JOHCM UK Growth Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
4.6405
B
GBP
28 Feb 2023
pence per share
2.4239
X
GBP
28 Feb 2023
pence per share
2.5898
JOHCM UK Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A - distributing
GBP
28 Feb 2023
pence per share
6.1160
A - accumulating
GBP
28 Feb 2023
pence per share
9.5564
B - distributing
GBP
28 Feb 2023
pence per share
5.7397
B - accumulating
GBP
28 Feb 2023
pence per share
8.8440
Y - accumulating
GBP
28 Feb 2023
pence per share
5.3515
Y - distributing
GBP
28 Feb 2023
pence per share
4.1220
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.
By clicking Proceed I confirm I have read the important information and agree to the terms of use.
This website uses cookies to remember your preferences and help us improve the site. By proceeding, you agree to cookies being placed on your computer. Read our privacy and cookie notices.
For a better experience, we recommend viewing this website in landscape orientation.
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.
