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A Sub-Fund of Comgest Growth plc.
The objective of the Sub-Fund ("the Fund") is to increase the value of the Fund (capital appreciation) over the long term. The Fund intends to achieve this objective through investment in a portfolio of high-quality, long-term growth companies. The Fund will invest at least two-thirds of its assets in securities issued by companies that have their headquarters in, or principally carry out their activities in Europe or which are guaranteed by European governments. The Fund will avoid exposure to companies with proved or probable fossil fuel related reserves and will apply other environmental, social and governance related criteria in its investment selection process.
The Fund is actively managed. The index is provided for comparative purposes only.
The Fund is aimed at investors with a long-term investment horizon (typically 5 years or more).
|Total Net Assets (all classes, m)||342.66 EUR|
|Number of holdings||34|
|Weight of top 10 stocks||49.7%|
Cumulative returns shown are monthly returns calculated on the last business day of each month.
Index: MSCI Europe - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
Please note that performance is rebased to 100.
For additional information on the index and the fund’s inception date, please refer to the monthly report below.
Past performance is not a reliable guide to future performance.
Performance results include ongoing charges taken from the Fund but do not include any entry charges that you might have to pay.
The share class came into existence in 2019.
Past performance does not predict future returns.
Performance figures are calculated net of investment management fees, administrative fees and all other fees with the exception of sales charges. If taken into account, sales charges would have a negative impact on performance.
|Investment Manager||Comgest Asset Management International Limited|
|Sub Investment Manager||Comgest S.A.|
|Management company||None / Comgest Growth plc is self-managed|
|Fund Name||COMGEST GROWTH EUROPE PLUS|
|Share Class||COMGEST GROWTH EUROPE PLUS EUR I ACC|
|Bloomberg Code||COGEUPL ID|
|Share Class Currency||EUR|
|Fund Base Currency||EUR|
|Share Class Distribution Policy||Accumulation|
|Share Class Inception Date||23-Dec-2019|
|Investment Management Fee||1.00%|
|Maximum entry fee||0.00%|
This indicator represents the Fund’s risk level set out in the Key Information Document. It is not guaranteed and may change during the month.
This fund has the following core inherent risks (non-exhaustive list):
• Investing involves risk including possible loss of principal,
• The value of all investments and the income derived therefrom can decrease as well as increase,
• There is no assurance that the investment objective of the fund will be achieved,
• When a Share Class is denominated in a currency that is different from yours, changes in exchange rates can negatively impact both the value of your investment and the level of income received.
A more detailed description of the risk factors that apply to the fund is set out in the Prospectus.
Franz Weis joined Comgest in 2005 and is an Analyst and Portfolio Manager specialising in European equities. In addition to being the Group’s Chief Investment Officer (CIO), he is Managing Director of Comgest Global Investors as well as a member of the Group’s Board of Partners and Executive Committee.
Franz leads the firm's European research efforts and co-leads the management of the majority of Comgest’s European equity strategies. In his role as CIO, Franz oversees the firm’s investment teams and chairs the Investment Committee, which is responsible for applying Comgest’s philosophy on successful long-term investing. He started his career in 1990 at Baillie Gifford & Co. where he worked as a Portfolio Manager before joining F&C Asset Management as a Senior Portfolio Manager and Director of European Equities in 1996.
Franz graduated from Heriot-Watt University (Scotland) with a Master’s degree in International Banking and Financial Studies and received the International Bankers in Scotland Prize in 1990.
Alistair Wittet joined Comgest in 2012 and is an Analyst and Portfolio Manager specialising in European equities.
Alistair co-leads Comgest’s Pan Europe and Europe ex UK strategies. He started his career in 2006 as an Analyst at Standard Life Investments in Edinburgh. He went on to join Citigroup’s London office in 2009, specialising in the pan‐European food retail sector as an Equity Analyst.
A British and French national, Alistair is a Geography graduate from Durham University and a CFA® charterholder.
Pierre Lamelin joined Comgest in 2012 and is an Analyst and Portfolio Manager specialising in European equities. He is also a member of the Comgest Group’s Sustainability Committee.
He co-leads the management of several Pan European strategies and contributes widely to the European team’s research coverage for a diverse selection of quality growth stocks across multiple sectors. Pierre started his career in 2004 as an Equity Analyst at Crédit Agricole Cheuvreux where he spent seven years covering the European luxury goods and cosmetics sectors.
He holds a Master’s degree in Finance from Sciences Po (Institut d’Etudes Politiques) in Paris and is a CIIA holder (Certified International Investment Analyst).
Sébastien Thévoux-Chabuel joined Comgest in 2013 and is Head of Responsible Investment as well as a member of the Comgest Group's Investment and Sustainability Committees.
As a long-standing ESG Analyst and Portfolio Manager specialising in Developed Markets, particularly Europe and the U.S., Sébastien meets and engages with company management alongside the firm’s investment Analysts and prepares in-depth ESG reports. Prior to joining Comgest, he worked at Oddo Securities as a Technology Analyst before transitioning to the role of Sustainable and Responsible Investment (SRI) Analyst which he held for five years. Sébastien previously worked as a Portfolio Manager at BFT Gestion (Crédit Agricole) and began his career as a buy-side Analyst at Deutsche Bank in 1998.
He graduated from the ESCP business school in Paris in 1997 before completing a post-graduate degree in Financial Engineering at the Sorbonne University.
Investment Team listed above may include advisors from affiliates within the Comgest group.
Wolfgang Fickus discusses why relying on the “small size effect”, i.e. that small stocks tend to outperform large stocks based on stronger earnings growth over time, is not sufficient when managing a European Mid Caps portfolio.
This is a marketing communication. Please refer to the fund prospectus and to the PRIIPs KID before making any final investment decisions. UK investors should refer to the UCITS KIID. These documents are available at our offices free of charge and on our website at www.comgest.com. The Comgest Growth plc prospectus is available in English, French and German. The KIDs are available in a language approved by the EU/EEA country of distribution.
Tax applicable to an investment depends on individual circumstances. Depending on where you live, the fund may not be available to you for subscription. Consult your financial or professional adviser for more information on investing and taxation. The information provided does not constitute investment advice and it should not be relied on as such.
Comgest Growth funds are UCITS compliant sub-funds of Comgest Growth plc, an open-ended umbrella-type investment company with variable capital and segregated liability between sub-funds incorporated in Ireland and regulated by the Central Bank of Ireland and managed by Comgest Asset Management International Limited.
Comgest Growth plc may decide to terminate at any time the arrangements made for the marketing of its UCITS.
Comgest Asset Management International Limited’s complaints handling policy (which contains a summary of investor rights and information on redress mechanisms in the event of litigation) is available in English, French, German, Dutch and Italian on our website at www.comgest.com in the regulatory information section.