Trustnet Magazine 95 May 2023 | Page 45

Performance of fund vs sector and index under manager
Fund
FACT BOX
MANAGER : Marc Schartz / LAUNCHED : 20 / 07 / 2001 / FUND SIZE : £ 773m / OCF : 0.86 %
CROWN RATING
As a result , Schartz said his fund is suitable for people who don ’ t know if growth or value will outperform from here . “ I also don ’ t know ,” he added . In terms of his positioning , Schartz ’ s largest exposure is to industrials , followed by pharmaceuticals and biotechnology . He has a bias to mid caps , with 40 to 50 % of assets in companies smaller than € 20bn . Schartz has headed up Janus Henderson European Growth since December 2017 . While the fund beat its IA Europe ex UK sector and FTSE World Europe ex UK benchmark in 2022 , it has underperformed both measures in every other calendar year under the manager .

Performance of fund vs sector and index under manager

Janus Henderson European Growth ( 33.8 %)
FTSE World Europe ex UK ( 44.5 %)
IA Europe ex UK ( 34.9 %)
50 %
40 %
30 %
20 %
10 %
0 %
-10 %
-20 %
Dec17
Jun18
Dec
Jun19
Dec
Jun20
Dec
Jun21
Dec
Jun22
Dec
Source : FE Analytics
Issue 95 - May 2023 / 45 /