The fund aims to achieve absolute returns with moderate risk. It invests in European OECD country companies of the highest quality, with proven track records, sound financials and predictable future earnings growth.

The fund is actively managed and the MSCI Europe TR Index is the benchmark index against which the fund’s performance is compared. While a proportion of the fund’s assets may be components of (and have similar weightings to the index), the Investment Manager may use its discretion to invest a significant proportion of the fund in assets which are not included in the benchmark index or with weightings different to that of the benchmark index.

Investment philosophy

Fund information

Fund size:


IA Sector:

Europe inc UK

Launch date:


Legal status:


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Time periodFund performanceMSCI Europe TRDifference
2024 YTD5.09%10.14%-5.05%
Since Launch104.23%89.98%+14.25%
CAGR 3Y4.40%8.35%-3.95%
CAGR 5Y8.77%9.56%-0.79%
CAGR Since Launch7.77%6.69%+0.81%

Source: Brown Brothers Harriman, EUR U I share class, net of fees, as at 31 May 2024.

Risks of investing in the Fund

The Fund is subject to the following Risk Factors (without limitation):

  • The market price of shares may go down as well as up.
  • Investing in the fund involves investment risks, including possible loss of the amount invested.
  • Hedging risk: the fund may use derivatives for currency hedging purposes. The use of such derivatives may be unsuccessful. Further, when used for hedging purposes there may be an imperfect correlation between these instruments and the investments or market sectors being hedged.
  • For a more detailed explanation of the risks involved, please see “Risk Factors” in the fund’s prospectus.

Portfolio analytics & data

Categories Data  
% of portfolio with less than 5% involvement in oil & gas 84.2%  
Scope 1 Emissions (Avg Weighted) 214,164  
Scope 2 Emissions (Avg weighted) 180,483  
% of portfolio with no evidence of labour controversies 84.2%  
% of portfolio with controversial weapons usage 0.0%  
% of portfolio with tobacco involvement 0.0%  
% of board independent (weighted) 56.6%  
Categories Data  
Number of holdings 21  
12-month forward PE 30.2x  
Fund FCF yield (2024) 3.0%  
Weighted market capitalisation ($bn) 119  
Net debt / EBITDA (2024) 0.2x  
Return on invested capital (2024) 33.1%  
FCF / net profit (2024) 101%  
Weighted EPS growth (2024-26) 12.3% p.a.  

Source: Factset, Sustainalytics & Seilern Investment Management Ltd.  All figures calculated as the median, as at 31 May 2024.

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