Factsheet: June 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
Renewed fears about inflation and a possible recession due to the FED’s intervention made US markets resume their plunge and enter into bear markets after May’s temporary respite. For the relevant period (01.06.2022 to 29.06.2022), the S&P 500 index was down -6.89%, the Dow Jones Industrials Index down -5.44% and the NASDAQ 100 down -7.09%.
Almost all sectors were down during the month, with the Managed Health Care sector a rare exception (+1.73%). The Airlines sector proved to be the worst performer (-25.61%).
The Fund
The FFM American Growth Fund was down for the relevant period (01.06.2022 to 29.06.2022) by -5.14%.
The monthly top three consisted of Brown- Forman (+8.26%), Estée Lauder (+2.62%) and Waters (+2.42%). On the other side, we find Sherwin-Williams, the paints and coatings specialist, which suffered from analysts' fears regarding company’s targeted objectives and fell by (-15.02%), Autodesk (-14.72%) and PayPal (-13.35%).
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