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*All data sources: Waverton, FactSet as at 30 June 2024 unless otherwise stated. All performance shown is cumulative and net of fees for a typical S.W. Mitchell Capital Pan European equity mandate. The performance results presented are hypothetical, for informational purposes only, and are not intended to, nor do they, represent the actual performance of any one specific client or group of clients over the time period shown. There can be no assurances that the performance can or will be achieved. No guarantee of future performance can or will be made. Actual returns will vary depending on a variety of factors and conditions. Performance shown is for four chain linked typical Pan European Mandates that had a similar investment objective ; the first from Feb 1999 until Aug 1999, the second between Sept 1999 and Dec 2011, the third from Jan 2012 to Jan 2019, and the fourth from Feb 2019 to current. Any further information required is available from the Investment Manager upon request.
Figures are subject to rounding. Changes in rate of exchange may cause the value of investments to fluctuate.
WS Ardtur Continental European Fund
WS Ardtur Continental European Fund invests in continental Europe. The investment objective is to generate long term capital growth for investors. The fund is long only and typically consists of 20 to 30 stock positions. The portfolio manager believes that portfolio construction is at the core of risk management and the size of each position is determined by the level of conviction in the holding.
Why WS Ardtur Continental European Fund
- Strategy. The WS Ardtur Continental European Fund follows a traditional value approach at a time when Continental Europe is ripe for a continued recovery of value, that started in the summer of 2020. The funds is concentrated, with typically 20-30 longs which is important for both alpha generation and risk management.
- Unique edge. Our value approach combines deep market insights with over 400 company meetings per annum, robust risk management, and a market leading track record of navigating complex market environments in Europe. The WS Ardtur Continental European Fund compounded at 10.3% over 8 years.
- Current opportunity. Global markets and economies have been dislocated by extreme monetary policies since the 2008 financial crisis. In equity markets this has resulted in an extraordinary pricing differential between the winners and losers of these policies, much of which plays out in the dramatic divergence in growth versus value. With the prolonged episode of negative interest rates in Europe, Europe is at a further extreme. However, we see substantial opportunity in a normalisation of the losers hence the “value case for Europe”..
Fund information
Performance
Annualised performance since inception WS Ardtur Continental European Fund GBP R (annualised) Data as of 31-Dec-24
No data available
Source: S.W. Mitchell Capital unaudited data. For full disclaimer, please see bottom of this page
Cumulative performance since (%) Data as of 31-Dec-24
Source: S.W. Mitchell Capital unaudited data. For full disclaimer, please see bottom of this page
Daily Prices
Share price as of 10-Jan-24
Source: S.W. Mitchell Capital unaudited data. For full disclaimer, please see bottom of this page
Portfolio
Top 5 holdings as of 31-Dec-24
Country Allocation as of 31-Dec-24
No data available
Source: S.W. Mitchell CapitalSource: S.W. Mitchell Capital unaudited data
Sector Allocation as of 31-Dec-24
No data available
Source: S.W. Mitchell Capital unaudited data
Resources
Source: S.W. Mitchell Capital unaudited data. For full disclaimer, please see bottom of this page
How To Invest
Waystone Transfer Agency Solutions (UK) Limited
Postal Address
Waystone Management (UK) Limited
PO Box 389
Darlington
DL1 9UF
Applicants (the “Applicants”) must read the Company’s Prospectus and the relevant Key Information Document before completing this Application Form.
This Application Form is the property of the Company and may not be tampered with or amended without the consent of the Company. Any breach of the foregoing may render the Application Form void.
All applications must be made in writing using the printed Application Form. Please write name(s) using block capitals and fill in the address as indicated. Where there are joint applicants, all correspondence will be sent to the first named Applicant at that address. Valid applications to purchase Shares in the Sub-fund received before 11:59:59am (London time) on a Dealing Day will be processed at the Valuation Point on that Dealing Day via fax or email with printed original to follow via post.
Waystone Management (UK) Limited (the “Administrator”), acting on the Company’s behalf, must be sent a completed Application Form for each Share issue together with relevant Anti Money Laundering documents.
Where an application is made by fax, the original signed Application Form must be mailed to the Company, at the above address within ten business days.
Stefan Wey
Head of Ardtur Business Development and Client Relations
Disclaimers
Note: Waystone Management (UK) Limited appointed as the Authorised Corporate Director in 2002. Allocation figures are taken at close of business whereas Fund performance is taken at 12pm. Equity exposure includes all equity related instruments. Currency exposure relates to exposure of all assets held by the fund including any forward currency positions. Equity exposure as classified by GICS. The fund was renamed effective 8th February 2021 from LF Odey Continental European Fund to LF Brook Continental European Fund. The fund was renamed effective 15th September 2023 from LF Brook Continental European Fund to WS Ardtur Continental European Fund. All performance in GBP.
Freedom to invest
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