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European Selection Fund - Jun 2022

Factsheet: June 2022


Strategy


The Fund's objective is to achieve optimal capital growth over the long term through the active management of a portfolio of large-capitalisation stocks based primarily in a member country of the European Union or the European Economic Area.

The investment strategy is based on a fundamental analysis. The stock selection process is based on the activity of companies, their governance, financial structure, and development prospects. The fund aims to identify companies with dominant positions, high reinvestment capacity, and low debt.

The recommended investment horizon is 5 years. The reference currency is the Euro.


Markets


European markets were deeply in the red in June, due to fears on inflation and a possible recession following on interest rates rises by the BCE. For the relevant period (02.06.2022 to 30.06.2022), the Euro Stoxx 50 was down -8.97%, the CAC 40 down -8.89% and the Stoxx Europe 600 down -7.71%.


No sectors managed to end the month in the green, with Healthcare the least bad (-2.63%) and Basic Resources (-19.04%) the worst.


The Fund


The FFM European Selection Fund was down for the relevant period (02.06.2022 to 30.06.2022) by -7.79%.


The month’s top three consisted of Novo Nordisk (+2.31%), Swedish Match (+0.35%) and Unilever (+0.28%), which could remain in slightly positive zone. The month’s worst three were Akzo Nobel (-23.48%), despite a sharp rebound since March and the appointment of its future CEO, Soitec (-22.08%), and Air Liquide (-20.99%).



For more information, please email us: contact@fisconsult-sinews.com

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