Europe funds hardest hit by Black Monday revealed

Europe funds hardest hit by Black Monday revealed

Chaos in China’s stock markets saw European markets - and funds investing in the region - suffer their worst month in some four years.

FE Trustnet found the least worst performing fund from the sector last month was Marlborough’s European Multi-Cap fund with minus 0.2 per cent for August and Invesco Perpetual’s European Opportunities trailed in second place with minus 1.01 per cent.

European shares suffered their worst August since the height of the sovereign debt crisis back in 2011.

Article continues after advert

The FTSE Eurofirst 300 – an index of 300 leading European companies - shed 5.98 per cent in August, according to FE Trustnet data.

Germany’s DAX lost 6.65 per cent, while France’s CAC 40 suffered heavily – down 14.66 per cent.

Looking at the Investment Association’s Europe excluding UK fund sector – the fund hit the hardest in August was the Aberdeen Global European Equity Ex UK fund – which shed 6.19 per cent, FE Trustnet data shows.

The IA’s Europe ex UK sector was down 4.01 per cent last month, with all 108 funds down. Argonaut’s well-rated European Enhanced Income fund, which managed to return to beating its sector this year, also suffered – down 5.86 per cent in August.

Threadneedle’s European Select fund, headed up by well-regarded manager David Dudding, also made the top 10 funds with the worst losses in August.


Fund Name

August 2015

Aberdeen Global - European Equity Ex UK D2 GBP in GB


Aberdeen - European Equity A Acc in GB


Argonaut - FP Argonaut European Enhanced Income A Hedged Acc GBP in GB


Scottish Widows - European Select Growth A Acc in GB


Sanlam FOUR - Active European Ex-UK Equity C GBP in GB


HSBC - GIF Euroland Equity AD EUR TR in GB


Fidelity - European Acc in GB


Legg Mason - IF Martin Currie European Equity Income A Acc in GB


Schroder - European I Acc in GB


Threadneedle - European Select Ret GBP in GB


Source: FE Trustnet data, correct as of 01/09/2015