The BNY Mellon Continental European Equity Fund follows an actively-managed, thematic approach to investing in a portfolio of European-listed shares (excluding the United Kingdom). As one of BNY Mellon Asset Management's leading European equity portfolios, the fund aims to consistently outperform its benchmark, regardless of prevailing market conditions.
Fund highlights:
Managed by top-tier London asset management firm, Newton
Concentrated portfolio of 45-55 high conviction stocks, combining both income and growth opportunities
Bottom-up approach. 80% of risk comes from active stock selection
Selection emphasis is on liquid "blue chip" companies which offer sound valuations and strong earnings
Risk analysis is central to portfolio construction
Emphasis on reward with multi-dimensional risk control
Returns have traditionally exceeded those of its competitors, as well as its index.
Investment objective
To achieve long-term capital growth through investment primarily (meaning at least two-thirds of the Sub-Fund's assets) in a portfolio of equity and up to one-third of the Sub-Fund's assets in a portfolio of equity-related securities of companies located or listed in Europe (excluding the United Kingdom) or deriving a preponderant part of their income from Europe (excluding the United Kingdom).
General information
Total net assets (million)
€ 49.55
Lipper sector
UK Offshore - European Excl UK
Index
FTSE Europe Ex UK Index
Fund domicile
Dublin
Fund type
ICVC
Fund manager
Raj Shant
Alternate
Thomas Beevers
Base currency
EUR
Currencies available
EUR, USD
Key dates
Fund launch
29 Jan 1988
Close of financial year
31 Dec
BNY Mellon Asset Management Company
Newton Investment Management: Newton pursues a distinctive global thematic investment approach and provides added value from extensive proprietary research.
DE, NL, IT, GUE, PT, UK, FR, CH, NO, BE, JER, ES, TW, GIB, AT, IRL
Shareclass EUR C
General
Share class launch date
16 Jan 2004
Minimum investment
€ 5,000,000
Annual management charge
1.00%
Maximum initial charge
5.00%
Codes
ISIN
IE0003854399
Bloomberg
MELCEUC ID
Sedol
0385439
Valoren
CH1331989
WKN
693817
Registered for sale in:
DE, NL, IT, GUE, PT, UK, FR, CH, NO, BE, IE, JER, HK, ES, TW, GIB, AT
Shareclass USD A
General
Share class launch date
10 Dec 2001
Minimum investment
$ 5,000
Annual management charge
2.00%
Maximum initial charge
5.00%
Codes
ISIN
IE0003853540
Bloomberg
MELCEA1 ID
Sedol
0385354
Valoren
CH1331973
WKN
798093
Registered for sale in:
DE, NL, IT, GUE, UK, FR, CH, NO, JER, HK, ES, TW, GIB, IRL, PT
Fund Specific Important Information
Performance record over 5 years
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - EUR A share class currency.
-0.83
BNY Mellon Continental European Equity Fund
9.09
FTSE Europe Ex UK Index
Performanceto
Annualised
1 month
3 months
6 months
YTD
1 year
3 years
5 years
3 years
5 years
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in share class currency.
Fund - EUR A share class
1.94
-3.72
0.36
-3.89
6.83
-26.97
-0.83
-9.94
-0.17
Fund - EUR C share class
1.98
-3.53
0.81
-3.39
7.83
-24.79
4.19
-9.06
0.82
FTSE Europe ex UK
5.03
-0.67
5.00
1.42
15.00
-24.70
9.09
-9.02
1.75
Sector average
4.83
-1.56
2.83
-1.05
12.90
-28.09
-0.75
-10.52
-0.25
Fund - USD A share class
7.86
-5.98
-6.55
-13.22
-1.71
-30.66
6.65
-11.49
1.29
Fund - USD C share class
7.95
-5.74
-6.09
-12.72
-0.66
-28.50
12.19
-10.58
2.32
FTSE Europe ex UK
11.71
-2.67
-1.58
-7.91
5.68
-28.34
17.00
-10.51
3.19
Sector average
11.50
-3.55
-3.62
-10.15
3.75
-31.56
6.45
-11.98
1.15
Ranking of fund in sector
80
75
71
61
74
31
27
31
27
No. of funds in sector
81
81
81
81
81
77
61
77
61
Quartile rank
4
4
4
3
4
2
2
2
2
Statutory performance data updated quarterly
From
30 Jun 09
30 Jun 08
29 Jun 07
30 Jun 06
30 Jun 05
To
30 Jun 10
30 Jun 09
30 Jun 08
29 Jun 07
30 Jun 06
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax.
Performance history is given in Fund - EUR A share class currency.
Fund
11.2%
-27.0%
-13.7%
21.0%
20.4%
Calendar Performance
2009
2008
2007
2006
2005
Source: Lipper as at 31 July 2010. Total Return, including annual charges but excluding initial charges, income reinvested gross of tax. Performance history is given in Fund - EUR A share class currency.
Fund
22.40
-37.31
4.69
20.59
24.57
Index
30.67
-42.25
6.15
22.51
27.84
Quartile Rank
4
1
3
2
3
Asset allocation
Asset allocation - industry
Holdings and Risk
Top 10 holdings
%
Siemens AG
4.2
Deutsche Telekom AG
4.1
BlackRock Asset Mgmt (IE) Ltd
3.5
Banco Santander SA
3.4
SAP AG
3.3
Deutsche Post AG
3.2
Anheuser-Busch InBev NV
3.0
Air Liquide SA
3.0
Telekomunikacja Polska SA
3.0
L'Oreal SA
3.0
Portfolio holdings are subject to change at any time without notice, are for information purposes only and should not be construed as investment recommendations.
