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Barings Europe Select Class I - Income (GBP)

Sell:4,988.00p Buy:4,988.00p Change: 35.00p (0.70%)
Prices as at 30 October 2025
Sell:4,988.00p
Buy:4,988.00p
Change: 35.00p (0.70%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 30 October 2025
Sell:4,988.00p
Buy:4,988.00p
Change: 35.00p (0.70%)
Prices as at 30 October 2025
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.

This fund is different from many other European funds. It invests in small and medium-sized companies with a GARP (Growth at a Reasonable Price) investment style. This means the managers invest in companies they believe can grow earnings steadily, but where the shares can be bought at a lower price than the earnings potential suggests they should be. Many other European funds focus on larger, more established companies.

The fund could be used to diversify the European part of an investment portfolio, or a broader global portfolio focused on growth. A focus on smaller firms can also help diversify a long-term portfolio with a bias to larger companies. The focus on smaller businesses increases risk though.

Our view on the sector

Most investors look to the UK to invest in smaller companies. But this means you could miss out on an array of opportunities available overseas. In today's globalised world, a company's location can be irrelevant and there are lots of successful businesses operating across the globe. Europe's economic and political issues have been well-documented in recent years and many investors have overlooked the region. That means lots of smaller companies have been ignored and their share prices don't properly reflect their future growth prospects. Long-term investors willing to ride out volatility could be rewarded. But you should remember smaller companies are riskier than bigger ones.

Performance Analysis

Nick Williams, the fund’s lead manager, has invested in European shares since 1994. His first fund invested in companies of all sizes, including larger firms, which provided him with plenty of knowledge of European markets. He now focuses specifically on small and medium-sized companies.

Our analysis shows he’s performed well over the long run. We expect the fund to hold up better than the broader market when it falls but not keep up quite as quickly when it rises. Please remember that past performance is not a guide to future returns.

Investment Philosophy

Williams and his team have followed the same investment process for many years – investing in companies they believe can grow earnings steadily, but where the shares can be bought at a lower price than the earnings potential suggests they should be.

Process and Portfolio Construction

The managers look for smaller European companies they believe are in good financial shape, have low levels of debt, and are run by quality management. The overall focus is ‘stock selection’, which means they focus on the prospects of individual companies and invest in those they believe will do well regardless of what’s going on in the economy.

The managers only invest in a company if they believe its share price can rise by at least 40%. If the shares hit their price target, the team either sells some shares and takes the profits, changes the price target if they think there’s further room for growth, or sells fully and invests in a different opportunity. If the share price falls by 20% the team sells the investment and moves on. We like the team’s disciplined investment approach, which has served investors well over the longer term.

question mark Manager Track Record Based on HL Quantitative Research

  • Singer & Friedlander European...
  • Barings Europe Select Trust A...
  • IA Europe (Excluding UK)
  • IA European Smaller Companies
FROM: TO:


Source: Refinitiv Lipper

Fund Track Record

30/10/20 to 30/10/21 30/10/21 to 30/10/22 30/10/22 to 30/10/23 30/10/23 to 30/10/24 30/10/24 to 30/10/25
Annual return 31.12% -23.97% -0.26% 18.05% 11.37%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Baring Asset Management is an international investment management company with a history dating back to 1762. The group is owned by Massachusetts Mutual Life Insurance Company.

For Barings' actively-managed equity funds, all managers follow a "Growth at a Reasonable Price" (GARP) investment philosophy, focusing on those markets, sectors and stocks with the greatest potential for earnings growth.

Information about the fund

Fund manager biography

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Manager Name: Nicholas Williams
Manager start date: 13 January 2005
Manager located in: London

Nick Williams co-leads the Developed Market Equities Team, is responsible for leading Barings’ Small and Mid-Cap Equity Strategies and is co-manager of the Barings Europe Select Strategy and the Barings International Small Cap Strategy. Nick has worked in the industry since 1990. Prior to joining the firm in 2004, he worked for Singer & Friedlander, managing European All-Cap and Small Cap funds. He holds a degree in English Language and Literature from Oxford University.

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Manager Name: Colin Riddles
Manager start date: 30 September 2016
Manager located in: London

Colin Riddles is an Investment Manager in the Small and Mid-Cap Equity Team and co-manager of the Barings Europe Select Strategy and the Barings International Small Cap strategy. Colin has worked in the industry since 1994. Prior to joining the firm in 2010, he worked at GLG where he was responsible for their UK Small Company Fund. Before that, he worked at HSBC Halbis, Scottish Widows and General Accident. Colin has a BA (Hons) in Financial Studies & Computer Science, an MSc in Investment Analysis from Stirling University and an MBA from Edinburgh Business School. He is a member of the CFA UK.

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Manager Name: Rosie Simmonds
Manager start date: 30 September 2016
Manager located in: London

Rosie Simmonds is an Investment Manager in the Small and Mid-Cap Equity Team and co-manager of the Barings Europe Select Trust and the Barings International Small Cap Strategy. Rosie has worked in the industry since 2007. Prior to joining the firm in 2010, she worked at Baillie Gifford as an Investment Analyst. Rosie holds a degree in Modern History from Oxford University. She was awarded the IMC certificate in 2009 and is a CFA Charterholder.

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Manager Name: William Cuss
Manager start date: 7 February 2020
Manager located in: TBC

William Cuss is an Investment Manager in the Small and Mid-Cap Equity Team and co-manager of the Barings Europe Select Strategy and the Barings International Small Cap Strategy. William has worked in the industry since 2014. Prior to joining the firm in 2016, he worked at Investec as an Equity Analyst focusing on the European consumer staples sector. Before that, William worked as an Auditor for Ernst & Young where he qualified as a Chartered Accountant. William holds a BA (Hons) in History and Politics from the University of Warwick and is a CFA Charterholder.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now