Zurich Life Threadneedle European Select

The European Select Fund (Columbia Threadneedle) invests mainly in equities of companies domiciled in Continental Europe or companies with significant Continental European operations. It also has the flexibility to invest in fixed interest securities and money market instruments when that is considered appropriate. The fund is therefore primarily an European equity fund, but it is not limited strictly to shares alone.

The European Select Fund (Columbia Threadneedle) is actively managed using a "Select" approach. That means the manager can take significant positions in individual stocks and sectors rather than closely tracking an index. This can create opportunities for stronger returns, but it can also make the fund more volatile.

The European Select Fund (Columbia Threadneedle) holds a relatively concentrated portfolio, so performance can depend heavily on a smaller number of companies. The manager also has flexibility to make large stock and sector bets, which can increase volatility. Stock-specific risk means one holding doing badly can have a bigger impact on the fund than in a more diversified portfolio.

Yes. The European Select Fund (Columbia Threadneedle) invests some assets outside the eurozone, so a euro-based investor is exposed to currency risk. Currency risk means exchange-rate movements can affect returns, even if the underlying investments perform well in local terms.

The European Select Fund (Columbia Threadneedle) has holdings across sectors such as Industrials, Financials, Technology and Health Care. Its top holdings include companies such as ASML Holding, Safran, Infineon Technologies, Novartis and Airbus. This suggests a portfolio focused on large, established Continental European businesses across several industries.