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Pricing and charges

  • Selling price (p) 452.20
  • Buying price (p) 453.10
  • Historic yield (%)* 0.00
  • Ongoing Charge (%) 1.56
  • Initial Charge (%) 0.00
  • Performance Fee (%) 0%
  • Charges and fees explained

    *Reflects the net income payments declared over the past 12 months as a percentage of your investment.

What is the fund's aim?

Aims to provide capital growth above that of the FTSE World Europe ex UK TR Net Index. The fund aims to outperform the Index by 4% per annum over rolling three year periods, before the deduction of any charges.

What does it invest in?

Invests at least 90% in shares of European companies, excluding the UK.

How does it invest?

Actively managed, with holdings in between 10 and 50 companies on average over a typical market cycle of 3-5 years, which means the fund may be concentrated at times.

Please see below for the risks relating to this fund.

Pricing and charges

  • Selling price (p) 452.20
  • Buying price (p) 453.10
  • Historic Yield (%)* 0.00
  • Ongoing Charge (%) 1.56
  • Initial Charge (%) 0.00
  • Performance Fee (%) 0%
  • Charges and fees explained

    *Reflects the net income payments declared over the past 12 months as a percentage of your investment.

Annual fund performance to last quarter (%)

 

Fund

IMA Sector

September 19 -10.02.0
September 18 1.21.8
September 17 19.722.1
September 16 19.318.6
September 15 2.73.6

The graph above shows the cumulative performance of the fund over five years. It takes into account the ongoing charge, and assumes any income after tax is reinvested. The performance figures above are rounded to one decimal place.

The table shows the performance for 12-month periods over the last five years, to the end of the last quarter.

Past performance is not a guide to future performance.

Performance data source: Lipper

Gavin Launder

Gavin Launder, Lead Fund Manager

Gavin joined LGIM in 2007 and is a Fund Manager for the European ex UK portfolios. He has managed the European Growth Trust since January 2010. Previously, he was a Global Equities Analyst at BlueBay Asset Management. Gavin spent the majority of his buy-side career as a Portfolio Manager with UBS O’Connor. Prior to this, he was a top-rated, sell-side analyst covering the Autos, Capital Goods and Conglomerates sectors at investment banks including SG Warburg (now part of UBS) and Goldman Sachs. Gavin holds a degree in Philosophy and Economics from University College, London.

Shaunak Mazumder

Shaunak Mazumder, Co Fund Manager

Shaunak joined the Global Equity Desk within the Active Equity team at LGIM in Q2 2014.  Shaunak joined from Asian Century Quest; multi-billion dollar fundamental focused long/short equity Hedge Fund based in New York with offices in Tokyo and Hong Kong. While at ACQ, he covered the European Consumer sectors, Global Autos and Pan Asian Consumer sectors. Prior to this, Shaunak started his career in Investment Banking at Morgan Stanley, where he advised clients on Mergers & Acquisitions, equity and debt restructurings.

Shaunak has a BComm from Queen’s University Kingston, Canada. Languages: English, Hindi, Bengali & Bahasa Indonesia.

Invest online today

0% initial charge on all our funds.


Investing with us

Maximum investments:

  • ISA - £20,000
  • Junior ISA - £4,368
  • Unit trust - unlimited

Minimum lump sum investment:

  • £100

Minimum regular investment (monthly):

  • £20

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