Factsheet: March 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
In a context of strong volatility linked to high inflation and uncertainties on the outcome of the war in Ukraine, US markets eventually rebounded in March, with the S&P 500 index up +3.28%, the Dow Jones Industrials index up +2.53% and the NASDAQ 100 up +4.32%, for the reference period.
Once more time, sector winners and losers were all over the place, with the Automobile Manufacturers sector up a strong +19.20%, while the Homebuilding Sector was down again (-11.70%) after a bad month of February, rising interest rates being the main culprit.
The Fund
The fund largely outperformed in March, with an increase of +6.91% and has made up some of its lag relative to the indices, since the start of the year.
The monthly top three consisted of Verisk Analytics (+21.23%), Automatic Data Processing (+11.85%) and S&P Global (+9.18%). On the other side, we find Estee Lauder (-8.10%), Sherwin- Williams (-5.13%) and Adobe (-2.58%).
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