Factsheet: April 2024
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
Against a backdrop of results below expectations, US markets took a break and had a mediocre month, with the S&P 500 down -4.16%, the Nasdaq 100 down -4.46% and the Dow Jones Industrials down -5.00%.
Sector wise, the Gold Sector was up strongly at +13.39%, while the Casino & Gaming Sector lost -14.76%.
The Fund
FFM American Growth ended the month (27.03.2024 - 01.05.2024) down -4.96%, in line with the indices over the period, with the S&P 500 down -4.38%, the Nasdaq 100 down -5.26% and the Dow Jones Industrials down -4.67%.
The monthly top three consisted of Alphabet (+7.85%), Amphenol (+4.70%) and Analog Devices (+1.43%). On the other side, we find Sherwin-Williams (-13.74%), Fastenal (-11.42%) and Meta (-11.41%).
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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