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European Selection Fund - Sep 2022

Factsheet: September 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 experienced another downturn in September due to persistent fears on inflation, with the Euro Stoxx 50 down -4.03%, the CAC 40 down -5.92% and the Stoxx Europe 600 down -6.08%.



No sector was up, with the Media sector losing the least (-3.66%) and the Real Estate Sector losing the most (-17.69%).


The Fund


The FFM European Selection Fund was down for the relevant period (01.09.2022 to 29.09.2022) by -5.42%.


A few shares were able to keep up with positive performances, with, in the top three, Pernod Ricard (+2.89%), thanks to good sales, Linde (+1.18%), and Swedish Match (+0.98%). The three worst of the month were Soitec, which posted -16.03% after a brief rebound, Temenos (-14.33%) and Euronext (-13.38%).



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

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