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Comgest Growth Europe EUR Acc

Ranked 7 out of 412 in - Europe over 12 months
All calculations are in EUR unless stated

Managed by

Arnaud Cosserat

Arnaud Cosserat joined Comgest in 1996 and is today chief executive officer of the Comgest Group. Arnaud is a long-standing portfolio manager within the European equity team and holds the role of chief investment officer, responsible for overseeing the firm’s investment team and ensuring the best practices are in place to entrench the firm’s philosophy to successful long-term investing. Arnaud started his career in 1989 as an analyst at Banque Paribas, before joining Société de Bourse Oddo and then Generali as a portfolio manager. He holds a Master’s degree in Science from the ESSEC business school in Paris, and is a member of the French Society of Financial Analysts (SFAF).

Laurent Dobler

Laurent Dobler is a managing director of Comgest S.A and a lead portfolio manager within the European equity team. As the firm’s longest serving portfolio manager, Laurent joined the firm in 1991 and has since been instrumental in forging and refining the Comgest quality growth investment philosophy. Laurent started his career in Geneva in 1986 with Banque Paribas as an analyst and portfolio manager of a German equity fund before he joined the Geneva fund management team of Banque Privée Edmond de Rothschild where he specialised in European and Japanese equities. With a degree in Economics from the Sorbonne University and a Master’s degree in Law from University Paris II, Laurent also studied at Sciences Po (Institut d’Etudes Politiques) in Paris, where he majored in Finance and Fiscal Policy.

Franz Weis

Franz Weis is the team manager of Comgest’s Europe equity investment team, having joined the firm in 2005 as a portfolio manager and analyst. He became a member of the Comgest Global Investors Management Committee in 2014. Franz co‐leads the management of the majority of Comgest’s European equity public funds as well as maintaining responsibility for a number of European segregated mandates. He started his career in 1990 at Baillie Gifford & Co. where he worked as a portfolio manager before joining F&C Asset Management as a senior portfolio manager and director of European Equities in 1999. He graduated from Heriot‐Watt University in Edinburgh with a Master’s degree in International Banking and Financial Studies and received the International Bankers in Scotland Prize. He is an IIMR Associate.

Objective

The objective of the Fund is to increase the value of the Fund (capital appreciation) over the long term.The Fund intends to achieve this objective through investment in a portfolio of high-quality, long-term growth companies.The Fund will invest at least two-thirds of its assets in securities issued by companies that have their headquarters in, or principally carry out their activities in Europe or which are guaranteed by European governments.

Showing fund performance in Luxembourg View performance globally

Performance

Europe over : 31/08/2017 - 31/08/2018
  • Rank 7/412 Total Return
  • Rank 206/412 Standard Deviation
  • Rank 123/412 Max Drawdown

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -3.8% 10.8%
2017 12.8% 7.8% 2.5% 0.8% 1.4%
2016 -2.6% -7.3% 2.4% 2.8% -0.2%
2015 16.2% 16.3% -3.8% -3.1% 7.1%
2014 8.7% 0.3% 3.2% 1.2% 3.9%
2013 15.2% 10.1% -3.1% 5.3% 2.5%
2012 28.9% 13.0% 1.9% 6.8% 4.9%
2011 2.2% -0.6% 5.3% -8.8% 7.1%
2010 15.4% 6.7% -0.5% 3.3% 5.3%
2009 21.1% -6.3% 10.8% 11.7% 4.4%
2008 -29.3% -10.3% -8.0% -1.2% -13.3%
2007 2.8% 4.4% 1.4% 0.7% -3.6%
2006 17.6% 6.3% -1.6% 6.3% 5.8%
2005 22.5% 3.7% 5.2% 8.0% 4.0%
2004 5.4% 3.9% 1.5% -3.5% 3.5%
2003 5.3% -11.6% 10.7% 4.9% 2.6%
2002 -31.9% 2.5% -14.0% -22.6% -0.3%
2001 -9.4% -4.0% 6.8% -12.7% 1.2%
2000 6.4% 2.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2018

Top 10 Holdings

Stock Size
Amadeus IT Group SA ORD 7.05%
Industria de Diseno Textil SA ORD 6.53%
Coloplast A/S ORD 5.47%
Essilor International Compagnie Generale D Optique SA ORD 5.12%
EUR Cash 4.81%
Heineken NV ORD 4.02%
SAP SE ORD 3.88%
L'Oreal SA ORD 3.62%
Wirecard AG ORD 3.40%
MTU Aero Engines AG ORD 3.30%
30/06/2018

Registered For Sale In

  1. Austria
  2. Belgium
  3. France
  4. Germany
  5. Ireland
  6. Italy
  7. Luxembourg
  8. Netherlands
  9. Singapore
  10. Sweden
  11. Switzerland
  12. United Kingdom

Fund Info

  • Launch date15/05/2000
  • Share Class size822Mn
  • Base currencyEUR
  • ISIN IE0004766675

Purchase Info

  • Min. initial investment50
  • Min. regular additional investment0

Charges

  • Annual management1.50%
  • Initial investment4.00%

Related News

AA-rated Weis backs Europe for major earnings upswing

Comgest’s Franz Weis is backing his market for strong growth following a decade of downgrades.

Don’t get carried away by recovery hopes, says Euro equity veteran

Comgest’s Franz Weis warns against betting big on a cyclical upswing as valuations are already getting ahead of growth.

Comgest CIO: top health trends to beat slow European growth

Arnaud Cosserat reveals how he's aiming to achieve 18% earnings growth from his portfolio versus a European average of 5%.

Euro weakness is only short-term spur, says Comgest’s Weis

Citywire + rated manager believes aggressive easing has created near-term gains, but warns against relying on it for long-term returns.

Comgest to merge away equity trio’s Europe fund

French asset management firm announces plans to roll Citywire + rated managers’ strategy into growth-focused approach.

Buy and hold equity veteran adds two luxury names

Citywire + rated Franz Weis drops Prada and unveils new bets as he bolsters emerging market growth potential in his European equity fund.

There is no recovery coming, says Comgest Euro equity star

Citywire A-rated manager Laurent Dobler believes Europe is still teetering on the edge of deflation which would be a ‘kiss of death’ for markets.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).