Fund Rationale: Aberdeen Standard European Opportunities Fund

Aberdeen Standard European Opportunities Fund (the “Fund”)
SGD Retail SGD Accumulation Shares (ISIN: SG9999000392)
Fund Manager Page
Daily Price & Charts

Endowus has selected the Fund as it:

  • Offers a high-conviction approach to investing in European equities;
  • Incorporates ESG factors as a key part of the investment process along with active engagement of companies;
  • Has benefited from a change in management team since late 2015, resulting in a sustained period of outperformance;
  • Has an impressive risk profile with superior volatility, maximum drawdown and downside capture statistics; and
  • Has a retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

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Key Information

Fund Objective: Aims to provide long-term capital growth by investing in European (including UK) equities and equity-related securities.

Suitability: Investors who seek capital gain over the long-term period, understand the risks involved in investing in European equities, as well as the fact that there is no capital protection or guarantees.

Cost:

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  1. Total Fund-level Fees include fund management fee of 1.5%.
  2. This is a retail share class with 100% trailer fee rebated back to Endowus investors to lower the cost of access.
  3. Endowus does not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Access Fee.

Fund Characteristics

Fund Inception: 14 August 1998
Share Class Inception: 14 August 1998
Benchmark: FTSE World-Europe Index

Fund AUM: SGD 48.7m

Source: MorningStar as of 30 July 2021. Please refer to the FMC page for the most updated AUM.

Regional Allocation: 

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Sector Allocation:

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Source: MorningStar as of 31 March 2021. Allocation data indicate actual exposure as a percentage of the Fund's total Net Asset Value. Please refer to the Fund Manager Page for the most updated information on Fund Holdings and Breakdown.

Selection Criteria

Endowus has selected the Aberdeen Standard SICAV I – European Equity Fund as it provides a high-conviction approach to investing in European equities. The team believes that deep fundamental research, responsible stewardship with ESG, and a disciplined investment process is the best approach, focusing on companies that the team identifies as high quality. This involves assessing each company on five key factors; namely the durability of the business model & moat, the attractiveness of the industry, the strength of financials, the capability of management, and the team’s assessment of the company’s ESG credentials.

The Fund is managed by a team of four investment professionals and led by Ben Ritchie, Aberdeen’s Head of European Equities. Ben has been with Aberdeen his entire career since joining as a graduate hire in 2002. The other three members have a combined experience of 46 years in the industry. The team is further supported by nine European and 14 UK specialists.

Investors looking to gain exposure to a concentrated mix of best ideas in Europe can consider the Fund as a satellite position to complement their other equities exposure. While the Fund has a better risk profile than peers and its benchmark, investors should be aware that investing in European equities remains inherently risky.

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Updated by Endowus: September 2021

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Investment involves risk. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Past performance is not an indicator nor a guarantee of future performance. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

Please note that the above information does not purport to be all-inclusive or to contain all the information that you may need in order to make an informed decision. The information contained herein is not intended, and should not be construed, as legal, tax, regulatory, accounting or financial advice.