Welcome to the new morningstar.co.uk! Learn more about the changes and how our new features help your investing success.

Alken Fund - Absolute Return Europe Class US3

Performance History31/10/2019
Growth of 1,000 (GBP) Advanced Graph
Alken Fund - Absolute Return Europe Class US3
Fund12.49.88.0-2.71.1
+/-Cat-----
+/-B’mrk-----
 
Key Stats
NAV
14/11/2019
 USD 108.96
Day Change -0.48%
Morningstar Category™ Alt - Long/Short Equity - Europe
ISIN LU1040154095
Fund Size (Mil)
14/11/2019
 EUR 409.01
Share Class Size (Mil)
14/11/2019
 USD 10.08
Max Initial Charge 3.00%
Ongoing Charge
21/03/2019
  2.61%
*  This rating and report were issued for a different share class of this fund. The performance and fee structure of this class may vary from that referenced.
Morningstar Research
Analyst Report

Alken Absolute Return Europe benefits from Nicolas Walewski’s solid stock-picking ability, but its process and risk management have shown limits that reduce our overall conviction. Fees are also weighing negatively here. We are downgrading the...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeoplePositive
ParentPositive
ProcessNeutral
PerformanceNeutral
PriceNegative
Investment Objective: Alken Fund - Absolute Return Europe Class US3
The fund’s objective is to provide capital growth and aim for a positive absolute return over long term period through long and short market exposure in the European markets primarily in equities or related derivative contracts. The Sub-Fund aims to typically deliver absolute (more than zero) returns in each year, although an absolute return performance is not guaranteed and over the short-term it may experience periods of negative return and consequently the Sub-Fund may not achieve this objective. The Sub-Fund will have flexible net exposure to equity markets by taking long and short exposures on European equities primarily through the use of transferable securities, linear financial derivatives “delta one”.
Returns
Trailing Returns (GBP)14/11/2019
YTD2.40
3 Years Annualised3.96
5 Years Annualised7.04
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Nicolas Walewski
28/01/2011
Marc Festa
28/01/2011
Inception Date
06/03/2014
Advertisement
Category Benchmark
Fund BenchmarkMorningstar Benchmark
HFRX Equity Hedge EUR-
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  Alken Fund - Absolute Return Europe Class US331/07/2019
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock89.549.0980.45
Bond0.000.000.00
Property0.000.000.00
Cash19.550.0019.55
Other0.000.000.00
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
Eurozone72.47
United Kingdom13.20
Europe - ex Euro8.89
Latin America1.93
Australasia1.35
Top 5 Sectors%
Industrials20.70
Consumer Defensive15.49
Consumer Cyclical14.62
Technology14.41
Basic Materials11.57
Top 5 HoldingsSector%
Wirecard AGTechnologyTechnology7.05
Aroundtown SAReal EstateReal Estate5.17
CarrefourConsumer DefensiveConsumer Defensive4.98
RWE AGUtilitiesUtilities4.70
Elis SAIndustrialsIndustrials3.84
Alken Fund - Absolute Return Europe Class US3
In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites