Factsheet: March 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
In a prolonged context of rises, the American markets again experienced good progress during the month of March, with the S&P 500 up +3.10%, the Nasdaq 100 up +1.17%, and the Dow Jones Industrials up +2.08%.
Sector wise, the Oil & Gas Refining Sector was up strongly at +17.92%, while the Automobile Manufacturers Sector lost -9.52%.
The Fund
FFM American Growth ended the month (02/28/2024 - 03/27/2024) up +2.07%, slightly underperforming all indices with, over the same period, the S&P 500 up +3.53%, the Nasdaq 100 up +2.27%, and the Dow Jones Industrials up +2.08%.
The monthly top three consisted of Valero Energy (+20.66%), Walt Disney (+9.66%) and Alphabet (+9.01%). On the other side, we find Adobe (-9.94%), Idexx Labs (-6.14%), and CSX (-2.29%).
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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