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American Growth Fund - Aug 2022

Factsheet: August 2022


Strategy


The Fund's objective is to achieve optimal long-term capital growth through active management of a portfolio of large-capitalisation stocks based primarily in North America.


The investment strategy is based on fundamental analysis. The stock selection process is based in particular on the activities of the companies, their governance, financial structure and development perspectives. The fund aims above all to identify companies with dominant positions, with a significant reinvestment capacity and low levels of gearing.


The recommended investment period is 5 years. The reference currency is the US Dollar.




Markets

US markets experienced another downturn in August, after Jay Powell's firm message on interest rate hikes, and renewed fears on inflation. For the relevant period (27.07.2022 to 31.08.2022), indexes plummetted with a drop of -1.71% for the S&P 500, -2.61% for the Nasdaq 100 and -2.13% for the Dow Jones Industrials.


After experiencing a breather, the Oil & Gas Exploration sector was up 8.85% during the month while the Semiconductors sector was down -10.99%.

AGF FUND - Sector Allocation

The Fund


The FFM American Growth Fund was down for the relevant period (27.07.2022 to 31.08.2022) by -2.98%.


The fund could benefit from some rebounds on a few stocks that had suffered the most since january 2022. The monthly top three consisted of PayPal (+7.99%), Becton Dickinson (+3.32%) and Meta Platforms (+2.41%), with the latter's return in the green over the year.

On the other hand, Waters dropped heavily, after it's July rebound (-17.97%), followed by Salesforce (-15.16%) with reviewed growth objectives over the year, and Idexx Laboratories (-12.92%).


Disclaimer: Past performance is not a reliable indicator of future performance and in no way constitutes a guarantee of future performance or capital. This non-contractual document is for information purposes only and does not constitute an offer for sale.


Prior to any investment, we recommend that you consult your advisor for a better understanding of risks. In the event of disagreement or litigation arising from this document, the full prospectus will prevail.

For more information, please email us: contact@fisconsult-sinews.com


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