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European Selection Fund - Nov 2022

Factsheet: November 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 up for the relevant period: +10.54% for the Euro Stoxx 50, +8.23% for the Stoxx Europe 600, and +8.17% for the CAC 40.


All sectors were in the green during the month, with the Consumer products and services sector up the most at +15.28%, closely followed by the Technology sector (+13.76%). The relative worst sector was the Telecommunications sector, up only +0.39%..


The Fund


The FFM European Selection Fund was up for the relevant period (27.10.22 - 01.12.2022) by +7.85%, again underperforming most indices.


The month’s top three consisted of Soitec (+18.16%), ASML (+17.74%) and LVMH (+15.38%), which is still benefiting from the very high level of its sales, particularly in the wine and spirits business. The worst performers, but without big moves, were for RELX (-1.51%), Coloplast (-0.67%), and Geberit (+1.09%)



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

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