European Selection Fund - May 2022
Factsheet: May 2022
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.
Despite extreme volatility, still linked to inflation fears, European markets were slightly in the red in May, with +0.48% for the Euro Stoxx 50, -1.31% for the Stoxx Europe 600 and -0.12% for the CAC 40 over the period concerned (28.04.2022 to 02.06.2022).
The Energy sector was the big winner for the month, up +8.65%, along withs Banks (up +4.71%). The Media sector (-6.45%) along with the Real Estate sector (-5.99%) were the biggest losers.
The FFM European Selection Fund is down over the period concerned (28.04.2022 to 02.06.2022) by -3.17%.
The month’s top three consisted of Swedish Match (+28.31%, takeover offer from Philip Morris International), InterPump (+9.59), and Euronext (+7.88%) and. The month’s worst three were Spirax-Sarco (-14.09%), Coloplast (-13.56%), and Sika (-12.05%).
We increased our investments in Euronext and Akzo Nobel. We also opened a position in Soitec, a French company that has developed an innovative process for modifying silicon (called Smart Cut), allowing more speed and less energy consumption.
For more information, please email us: firstname.lastname@example.org