Download Russell Continental European Equity Fund

Russell Continental
European Equity Fund
Fund Description
Indicative equity range: 100% of the value of the fund
An open ended Undertakings for the Collective Investment of Transferable Securities (UCITS) Continental
European (ex. UK) equity fund employing a Multi-Style, Multi-Manager approach, broadly diversified with
market-like characteristics.
Continental European Equity Fund
AXA
Rosenberg
Bernstein
Capital
International
BlackRock
International
Nordea
Investment
Management
Thames
River
Capital
15%
20%
15%
15%
15%
20%
Investment Aim
The Multi-Manager concept targets consistent performance relative to the peer group while also aiming for
lower levels of relative risk. The fund aims to add moderate return increments against the benchmark, the
FTSE World Europe ex-UK Index, building over time into significant value-added. In Continental Europe,
Russell’s analysts have found that two of the key drivers are stock selection and sector selection allocation
relative to the benchmark. In order to focus on these two areas, other factors such as country weight and
market capitalisation size are controlled at a portfolio level by the careful combination of specialist
managers.
Who should invest in the Fund?
This fund is available as part of Eagle Star’s Matrix range for institutional clients. This fund is an ideal choice
for investors who seek exposure to European equity markets, managed by a selection of international fund
managers.
Expertise
Russell Investment Group, global leaders in Multi-Manager investing, advises on assets worth €1.5 trillion to
more than 1,600 clients in 35 countries. Approximately €100 billion is invested directly in Russell funds
globally. Russell conducts extensive research on fund managers around the world, aiming to select the best
in each region, market segment and style.
Continued Overleaf
Frank Russell Company Ltd. www.russell.com
Authorised and Regulated by the Financial Services Authority
Global Leaders in Multi-Manager Investing
In order to achieve its objective of delivering consistent added value above the benchmark, Russell has
developed a unique investment philosophy.
Multi-Manager
Manager A
Multi-Style
Manager B
MarketOriented
Manager C
Asset Class
Manager D
Value
Manager E
Manager F
Growth
Manager G
Manager H
Manager I
Multi-Style - different managers manage money in different ways. These different approaches are
sometimes referred to as “styles”. Style diversification is important because different styles produce
significantly different returns in different market environments. As it is difficult to identify which style will be
in favour next month or next year, diversification across multiple styles reduces risk and provides exposure
to the style that is currently in favour regardless of the market environment, thereby providing more
consistent performance.
Multi-Manager - In a multi-manager structure specialist managers are able to concentrate on their area of
strength and provide added value. By constructing a fund using specialist managers in a risk controlled,
complementary way, Russell is able to produce more consistent out-performance of the given index. These
layers of diversification have proven to reduce the risk of under-performance and thus provide stability to
investors.
Significant Features of the Fund
The fund is denominated and priced in euros.
The fund benchmark is the FTSE World Europe ex-UK Index.
A Multi-Manager fund, suitable for institutional investors.
Actively managed fund with 100% equity content.
Aims for consistent performance with lower levels of risk.
Managed from the point of view of a European institutional investor.
Investment managers are selected and monitored by Russell Investment Group.
All assets are administered independently through a single custodian, State Street.
The fund is domiciled in Ireland.
EAGLE STAR HOUSE FRASCATI ROAD BLACKROCK CO DUBLIN IRELAND TELEPHONE 01 283 1301 FAX 01 283 1578 WEBSITE www.eaglestarlife.ie
EAGLE STAR LIFE ASSURANCE COMPANY OF IRELAND LIMITED IS REGULATED BY THE FINANCIAL REGULATOR
Intended for distribution within the Republic of Ireland
09/05
Frank Russell Company Ltd. www.russell.com
Authorised and Regulated by the Financial Services Authority
Global Leaders in Multi-Manager Investing