Ardtur European Focus Absolute Return Fund is an equity long-short fund that invests in developed European equity markets. The investment objective is to provide a positive absolute return independent of market conditions over the medium to long term. The fund aims to achieve long term capital appreciation. The portfolio itself is a best ideas fund which will typically consist of 40 to 60 stock positions.
Disclaimer
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ISINIE00BZ1J0335
Inception Date4-Jan-16
Number of Holdings46
Fund ManagerOliver Kelton
Total AUM€197m
Fund Manager AUM€2,093m
Why Ardtur European Focus Absolute Return Fund
- Strategy. The Ardtur European Focus Absolute Return Fund follows a traditional value approach at a time when Europe is ripe for a continued recovery of value, that started in the summer of 2020. The fund is concentrated, with typically 20-30 longs which is important for both alpha generation and risk management. The long short fund is a plain vanilla directional product.
- Unique edge. Our value approach combines deep market insights with over 400 company meetings per annum, robust risk management, and a market leading track record of navigating complex market environments in Europe. The fund has compounded 4.1% on 10.7 volatility, including generating significant alpha from the short portfolio with a high differentiated return profile.
- Current opportunity. Global markets and economies have been dislocated by extreme monetary policies since the 2008 financial crisis. In equity markets this has resulted in an extraordinary pricing differential between the winners and losers of these policies, much of which plays out in the dramatic divergence in growth versus value. With the prolonged episode of negative interest rates in Europe, Europe is at a further extreme. However, we see substantial opportunity in a normalisation of the losers and a correction of the winners hence the “value case for Europe”.
Fund Information
Legal StructureUCITS
DomicileIreland
RegisteredCH, DE, FR, IE, IT, ES, SE, UK
Trade FrequencyDaily
Dealing Cut-off2pm Dublin Time
Base CurrencyEUR
Performance
Annualised performance since inception Ardtur European Focus Fund EUR I (annualised) Data as of 30-Apr -26
No data available
Source: S.W. Mitchell Capital unaudited data. For full disclaimer, please see bottom of this page
Performance
Cumulative performance since inception (%) Data as of 30-Apr -26
Share Class Performance (cumulative)
ISIN
1 Month
3 Month
YTD
1 Year
3 Years
5 Years
Since Inception (04-Jan-16)
Ardtur European Focus Absolute Return Fund EUR I
Ardtur European Focus Absolute Return Fund GBP I
IE00BZ1J0335
IE00BZ1J0228
0.03
-0.84
-0.51
-0.14
3.75
4.6
3.75
4.6
30.97
34.54
59.2
62.51
42.82
40.58
Source: S.W. Mitchell Capital unaudited data. For full disclaimer, please see bottom of this page
Daily Prices
Share price as of 10-Jan-24
ISIN
NAV
Change
Daily Perf.
MTD %
QTD %
YTD %
Ardtur European Focus Absolute Return Fund EUR I
Ardtur European Focus Absolute Return Fund GBP I
IE00BZ1J0335
IE00BZ1J0228
142.9806
150.8549
-0.0496
-0.0497
-0.03
-0.03
0.11
0.16
0.11
0.16
0.11
0.16
Source: S.W. Mitchell Capital unaudited data. For full disclaimer, please see bottom of this page
Portfolio
Top 5 holdings as of 30-Apr -26
Equity%
Orange3.9
Shell3.8
Anheuser-Busch InBev3.4
BASF3.1
Vodafone2.9
Source: S.W. Mitchell Capital unaudited data. Fund holdings subject to change at any time at the discretion of the investment manager
Country Allocation as of 30-Apr -26
No data available
Source: S.W. Mitchell Capital unaudited data
Sector Allocation as of 30-Apr -26
No data available
Source: S.W. Mitchell Capital unaudited data
Resources
Share Class Identifier
ISIN
Bloomberg
SEDOL
Income/Accumulating
Inception Date
Ardtur European Focus Absolute Return Fund EUR I
Ardtur European Focus Absolute Return Fund GBP I
IE00BZ1J0335
IE00BZ1J0228
OEFAREI
OEFARGI
BZ1J033
BZ1J022
Accumulating
Distributing
04-Jan-16
04-Jan-16
How To Invest
Postal Address
GenFunds Global plc
c/o U.S. Bank Global Fund Services (Ireland) Limited
24-26 City Quay
Dublin 2
Ireland
Attention: Shareholder Services
Applicants (the “Applicants”) must read the Company’s Prospectus, relevant fund Supplement, US Supplement and the relevant Key Information Document before completing this Application Form.
This Application Form is the property of the Company and may not be tampered with or amended without the consent of the Company. Any breach of the foregoing may render the Application Form void.
All applications must be made in writing using the printed Application Form. Please write name(s) using block capitals and fill in the address as indicated. Where there are joint applicants, all correspondence will be sent to the first named Applicant at that address. A completed Application Form must be received by the Administrator no later than 2pm (Irish time) on the Business Day immediately preceding the relevant Dealing Day via fax or email with printed original to follow via post .
U.S. Bank Global Fund Services (Ireland) Limited (the “Administrator”), acting on the Company’s behalf, must be sent a completed Application Form for each Share issue together with relevant Anti Money Laundering documents.
Where an application is made by fax, the original signed Application Form must be mailed to the Company, at the above address within ten business days.
Sales contact
Stefan Wey
Head of Ardtur Business Development and Client Relations
Disclaimers
“Note: Equity exposure includes all equity related instruments. Any option positions included on a delta-adjusted basis. Commentary is provided on a quarterly basis. Past performance is net of fees and other charges and includes the reinvestment of dividends. Equity exposure as classified by GICS. The fund was renamed effective 8th February 2021 from Odey European Focus Absolute Return Fund to Brook European Focus Absolute Return Fund. The fund was renamed effective 10th October 2023 from Brook European Focus Absolute Return Fund to Ardtur European Focus Absolute Return Fund. All performance in EUR.”
© 2025 S. W. Mitchell Capital LLP. All Rights Reserved. S. W. Mitchell Capital LLP is authorised and regulated by the Financial Conduct Authority. S. W. Mitchell Capital LLP is a Limited Liability Partnership registered in England no. OC312953
Registered address Princes House, 38 Jermyn Street, London, SW1Y 6DN
Photos by James Ogilvy and Stuart Mitchell