Adrian Fowler's Aberdeen European Growth has had its A rating re-established on the back of growth o...
Adrian Fowler's Aberdeen European Growth has had its A rating re-established on the back of growth of 37.58% over the six months to 22 March, bid to bid. It had been stripped of the rating last year because of underperformance.
This period of outperformance ranks the fund fifth out of 105 funds in the Europe excluding UK sector. Returns over the 12 months to 22 March equate to 0.77%, versus a sector average of -3.6%. All of this has been achieved with a below average risk profile, with the fund's beta score ranking 0.97, compared to the sector average of one.
Aberdeen's more aggressive sister fund, Aberdeen European Champions, managed by Stephanie Gerrard, has been the top performing fund in the sector over the past six months, up 47.19%, on the same basis.
Gerrard said the fund's strong recent performance was due to a move into cyclical stocks last spring.
Although this strategy initially led to a difficult couple of months, Gerrard said that by August, when positive news flow from the US started to flow into the marketplace, the sector allocation strategy was vindicated.
Gerrard said the massive injection of liquidity into the markets following 11 September was followed by the current run of strong outperformance.
Both funds are also favouring mid caps on a valuation basis.
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