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This website has been prepared by S. W. Mitchell Capital LLP (“S.W. Mitchell”). S.W. Mitchell, a limited liability partnership incorporated in
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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.
SWMC European Fund
The SWMC European Fund invests in mid and large cap European companies. The fund aims to generate long term capital growth for investors, primarily by investing in European equities. The fund is long only, benchmark agnostic and has low turnover. The fund is concentrated, usually 25 – 30 holdings, as only our best ideas gain a place in our portfolios.
Why SWMC European Fund
Edge
Our long-standing experience of working together helps us make better investment decisions. We think this makes us more aware of each others’ biases and tendencies, strengths, and weaknesses, which promotes faster and better investment decisions. Being completely index agnostic, not only can we cast our net wider, but we are also more flexible and do not have a strong style bias, meaning our portfolios often look very different to our peers.
Opportunity
You have to go back to the 1980s to find a time when ‘old economy’ European assets looked quite so cheap. As the Great Technology Bubble inflated over recent years, companies from the ‘old economy, old world, Europe’ were progressively derated to their US peers. European valuations are about as low as we have seen in all our years as stockpickers. But things are beginning to change. It seems excessive to us that European equities should be trading at such a large price-to-book discount to the US market. Our methods in the past have produced attractive investment results, and our portfolio is positioned to take advantage of what we consider to be an historic opportunity.
Fund information
Performance
Annualised performance since inception SWMC European Focus Fund EUR B (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 inception (%) 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 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
Postal Address
GenFunds Global plc
c/o U.S. Bank Global Fund Services (Ireland) Limited
24-26 City Quay
Dublin 2
Ireland
US Bank
Attention: Shareholder Services
Applicants (the “Applicants”) must read the Company’s Prospectus, relevant fund Supplement, US Supplement 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. A completed Application Form must be received by the Administrator no later than 2pm (Irish time) on the Business Day immediately preceding the relevant Dealing Day via fax or email with printed original to follow via post .
U.S. Bank Global Fund Services (Ireland) 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.
Disclaimers
All figures shown are net of fees and expenses for the SWMC European Fund Class B EUR unless otherwise stated. Index: Fund Benchmark is MSCI Europe 100% € currency hedged until 18 February 2022: since 21 February 2022 the fund has been managed on a non currency hedged basis and measured against MSCI Europe € unhedged. The Index is displayed purely for comparative purposes of the investable universe. As a reminder, our portfolios are built in a completely unconstrained and benchmark-agnostic manner. Figures are subject to rounding.
Freedom to invest
© 2024 S. W. Mitchell Capital LLP. All Rights Reserved S. W. Mitchell Capital LLP is authorised and regulated by the Financial Conduct Authority S. W. Mitchell Capital LLP is a Limited Liability Partnership registered in England no. OC312953
Registered address Princes House, 38 Jermyn Street, London, SW1Y 6DN