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American Growth Fund - Jul 2022

Factsheet: July 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 rebounded strongly, with +5.36% for the S&P 500, +8.09% for the Nasdaq 100 and +3.77% for the Dow Jones Industrials.


Many sectors were up strongly in July, with the Internet Retail sector up +26.95%, thanks mostly to a perceived good Q2 at Amazon and the Semiconductor Equipment sector up +21.32 after a very difficult first six months of the year. Among the losers, we find the Integrated Telecoms sector (think AT&T) down -9.57%

AGF FUND - Sector Allocation

The Fund


The FFM American Growth Fund was up for the relevant period (29.06.2022 to 27.07.2022) by +6.39%.


The monthly top three consisted of Autodesk (+25.80%), PayPal (+23.90%) and Amphenol (+19.80%). On the other side, we find Meta Platforms (-1.33%), Becton Dickinson (-0.990%) and Fastenal (still up +3.55%).



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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