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J O Hambro Continental European Class Y - Income (GBP)

Sell:201.90p Buy:201.90p Change: 5.40p (2.61%)
Prices as at 26 November 2021
Change: 5.40p (2.61%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 26 November 2021
Change: 5.40p (2.61%)
Prices as at 26 November 2021
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
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 does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

We view Paul Wild as an experienced manager with a sensible approach to investing in European companies.

He does something a little different to some other managers in the European sector. He combines his views on the economy with analysis of individual companies to work out what areas to invest in. It's an approach that's worked well over the long run. But it's not easy getting the bigger economic calls right, so it won't necessarily work all the time and past performance isn't a guide to future returns. We currently prefer other managers in this sector with stronger track records.

Our view on the sector

Europe has been blighted by political issues in recent years. And some European economies are struggling with high levels of debt and unemployment. But it's important to disconnect a region's economic prospects from its stock market prospects. Europe is home to lots of successful businesses that make money across the globe - from the US to high-growth areas like Asia and emerging markets. That means their prospects aren't heavily reliant on Europe's economy. Some investors have overlooked the region in recent years. But we think Europe is a great place to invest for the long term and there are plenty of high quality fund managers to choose from.

Performance Analysis

Paul Wild started managing funds at Sanwa, where he invested in both European and UK companies. He joined JO Hambro in 2003 and became co-manager of the Continental European fund alongside Rod Marsden. He was later promoted to lead manager in 2010.

The fund invests in a broad range of sectors, which doesn't differ too much from the broader European market. This means performance is similar to the market in the shorter term, but the fund's performed better than it over the long run. Please remember past performance isn't a guide to future returns.

Investment Philosophy

The manager thinks it's important to consider what's going on in the wider economy when putting a fund together. He then looks at the prospects for individual companies, and invests in the ones he thinks will perform best based on his current economic views.

Process and Portfolio Construction

Paul Wild forms a view of the wider economy. He aims to invest in the sectors he thinks are most likely to do well depending on what stage Europe is in the economic cycle.

He then invests in companies he thinks will prosper in those sectors. He tends to like larger companies that offer good value and could do better once their growth prospects are recognised by more investors. They should be in good financial health and have a clear strategy for growing in future.

He uses a flexible approach and is prepared to change the way the fund is invested quickly to take account of his views. This means companies tend to be bought and sold in the fund more frequently than some other European funds.

Please note this fund has a performance fee. You can find out more details in the fund's Key Investor Information Document. This is an offshore fund, so investors won't normally be covered by the Financial Services Compensation Scheme.

question mark Manager Track Record Based on HL Quantitative Research

  • JOHCM Continental European B GBP
  • IA Europe (Excluding UK)

Fund Track Record

26/11/16 to 26/11/17 26/11/17 to 26/11/18 26/11/18 to 26/11/19 26/11/19 to 26/11/20 26/11/20 to 26/11/21
Annual return 23.22% -7.37% 9.79% 8.06% 15.08%

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

In 2011 BT Investment Management Limited (BTIM), an Australian-listed fund management group, completed its acquisition of JO Hambro Capital Management (JOHCM). There have been no changes in the day-to-day operations, and JOHCM now operates as a stand-alone boutique within the BTIM group. The fund managers continue to have full discretion regarding investment decisions.

JO Hambro was launched in 1993 by James Hambro and Christopher Mills. Every JOHCM fund has a predetermined maximum amount of money it will accept, and once it reaches that size it is closed to new investors. We feel this is generally positive for existing investors, as it keeps the funds nimble enough to react quickly to market developments, and allow the fund managers to focus on delivering sustained outperformance.

Information about the fund

Fund manager biography

manager photo
Manager Name: Paul Wild
Manager start date: 1 April 2010
Manager located in: London

Paul is Senior Fund Manager of the JOHCM Continental European Fund. Paul's previous industry experience includes serving as a Pan-European Fund Manager at Sanwa Asset Management and a fund management role at Newton Investment Management. He began his career at Barclays Capital within their Capital Markets division. Paul is a CFA Charterholder and holds a BA (Hons) in Economics from the University of Lancaster.

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