Neptune fund tops the Europe ex UK sector

Positive sector calls on industrials and oil drove Rob Burnett's European fund to peak of sector over three years

After the market slump last May followed by the rise in utilities over the summer, managers in the Europe excluding UK sector have found it difficult to make correct sector calls. However, an overweight position in industrials and consumer staples helped Neptune's European Opportunities fund top the peer group. Over three years to the end of December, the offering delivered a cumulative bid to bid return of 151.64% while the sector as a whole returned 69.15%, according to figures from Standard & Poor's. Launched in November 2002, the vehicle boasted the highest annualised alpha of 15.23 ...