Aubrey European Conviction Strategy

Aubrey Europe Ex UK Fund

Available as:

Total Net Assets
 
 

Overview

The Aubrey Europe Ex UK Fund was launched in 2021 and is run in parallel with the segregated European mandate and Aubrey European Conviction Fund, excluding UK holdings.

The businesses we invest in are typically not those which represent the major proportion of the European market index, e.g. banking, oil, pharmaceuticals. Our portfolios are 95% ‘active’ i.e. only 5% overlap with the index. We are investing not in those mature companies whose best growth is past but in the leaders of the future, companies that are delivering quite astounding levels of innovation. These are typically mid-sized, specialist niche companies, which are facilitating big changes in the way industries operate, energy is provided, and consumers live their lives.

We are signatories to the UN supported Principles for Responsible Investment, and have an extremely strong internal ESG process, with all investments scrutinised and scored against multiple sustainability criteria, based on the principles of the UN Global Compact in relation to Human Rights, Labour, Environment, Anti-Bribery and Corruption. We invest with the foremost aim that our companies should do no harm, and indeed, have a positive societal impact.

Investment Objective & Policy

The Fund aims to achieve capital growth over the long term (5 years plus) and will invest at least 80% in equities and equity related securities of companies listed on the stock exchanges of European countries (excluding UK). The Investment Manager’s focus is on investing in strong, stable and competitive businesses exhibiting high earnings growth, sound balance sheets with a minimum market capitalisation of EUR500m. As part of its investment process, the Investment Manager integrates environmental, social and governance (“ESG”) factors into its routine analysis.

Inception Date 1st July 2021
Benchmark MSCI Europe ex UK GBP
IA Sector Europe Excluding UK
Fund Name SVS Aubrey Europe Ex-UK Fund
Domicile United Kingdom
Fund Type UK UCITS Fund
Legal Form OEIC
Management Co/ACD Evelyn Partners Fund Solutions Limited
Custodian RBC Investor Services
Administrator Evelyn Partners Fund Solutions Limited
Auditor Johnston Carmichael
Pricing Frequency Daily
Platform availability AVIVA, Hargreaves Lansdown, M&G, Nucleus & Transact
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Source: Aubrey Capital Management & MSCI

All figures are presented net of fees in GBP and calculated using the B Accumulation share class. MSCI Europe ex UK Index is used for comparative purposes only. Investment returns may increase or decrease as a result of currency fluctuations. Past performance is no guarantee of future results.

Top 5 Positions
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Industry Breakdown
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Geographic Allocation
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The securities identified and described do not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable.

Available share classes prices

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As at  

Prices in pence/cents

Ongoing charges figure (OCF) is based upon the expenses incurred but does not include transaction costs (see KIID for details).

Fund Managers

Years at Aubrey

17

Industry experience

39

Sharon is a Founder, Director and has been responsible for Aubrey’s European strategy since its inception in 2008. She is also head of research and lead manager on two Luxembourg quoted European SICAVs, and a UK quoted Europe ex-UK OEIC. Sharon heads up Aubrey’s Sustainability Committee, which ensures the consistency of ESG scoring across both investee companies and internally within Aubrey, as well as monitoring UN supported PRI reporting.

Sharon’s financial career started at Crédit Commercial de France as an analyst in its Mergers & Acquisitions division. This came after she originally trained as an opera singer in the 1980s.

Between 1992 and 2006, Sharon was with Walter Scott & Partners, becoming a Board Director in 2001. Here, she had a global remit following extensive research experience into the major markets of the world: the UK and Europe (including emerging Europe), the USA and Far East. For almost a decade she held primary responsibility for the firm’s European stock selection and for the firm’s regional European assignments, either fully discretionary or with client-specific parameters. Sharon helped develop the firm’s institutional fund management business and managed several publicly quoted SICAVs.

Sharon was ranked 9th in Citywire’s Alpha Female Report, which ranks managers across all asset classes according to consistency of performance over the past 5 years. Investment Week’s Women in Investment Awards awarded her Highly Commended in the category Fund Manager of the Year (small to medium firms). In addition to holding degrees from Bristol University and the University of Edinburgh, Sharon is fluent in both French and Italian.

Years at Aubrey

11

Industry experience

35

John, who joined Aubrey in early 2012, is a Director and Fund Manager covering global markets. He is a graduate of the University of Strathclyde, with a BA in Economics and, additionally, is a member of the CFA Institute.

John has over 30 years’ investment industry experience across global equity markets. He joined Glasgow-based FS Assurance in 1988, and managed equity portfolios in the UK retail and pension fund market. He then moved to First State Investments in 2000 to manage retail and segregated European client portfolios. In 2004, he moved to Alliance Trust PLC and was a member of the Global Equity Team and subsequently responsible for the Global Emerging Markets portfolio.

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Investment Approach

Proprietary Thematic Approach

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Sustainability

In-house ESG Framework

Environmental, Social and Governance analysis based on UN Global Compact.

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