Comgest Growth Europe Ex UK fund

Select share classes
There is only one type of share class for this fund.

Comgest Growth Europe ex UK GBP SU Acc

A Select 50 Fund - Fidelity insight
Category Europe ex-UK Equity



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This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price

£27.97

arrow-up£0.30 (+1.08%)

Fund Code

CGEUA

BQ1YBM1

IE00BQ1YBM13

Prices updated as at 16 Sep 2021
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Prices in GBP

Investment objective
The investment objective of the fund is to achieve capital appreciation by creating a professionally managed portfolio consisting of what, in the opinion of the Investment Manager, are high quality long-term growth companies having their headquarters or carrying out their predominant activities in any European country with the exception of the United Kingdom.

Our view

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Why we like the fund

This fund is managed by an experienced but diverse group of investors who apply a high conviction, growth focused investment approach. The fund holds 30-40 Continental European stocks with sustainably high earnings growth profiles, generating strong cash flow for reinvestment and with robust balance sheets to weather downturns.

The teams advantage comes from their stability as a group, long-term investing mindset (typically 5+ years holding periods) and their discipline in sticking to their investment philosophy and the characteristics they believe are important in companies. The Europe ex UK fund was launched more recently but the team have a long-term track record on their Pan European fund for which it shares very high overlap.

Investors should be aware that the fund comes with a degree of concentration risk in only holding 30-40 stocks and also will take significant sector positions typically heavily exposed to Tech and Healthcare and avoiding Banks and Energy.

How to use this fund

Can be held as a standalone investment assuming the investor has a suitable long-term time horizon and can accept large deviations in returns vs. the market that will come with this more concentrated fund. Alternatively if one wants to diversify this fund could be held alongside a value-biased strategy which is likely to benefit more when cyclical stocks and sectors (Energy and Financials) outperform.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.