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European Selection Fund - Dec 2024

Writer's picture: AJAJ

Factsheet: December 2024


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

Concerns still linked to monetary policies influenced European markets which had a mixed month, with the Euro Stoxx 50 up +1.91%, the Stoxx Europe 600 down -0.52%, and the CAC 40 up +2.01%.



Sector wise, the Consumer Products & Services Sector led the charge at +5.95%, while the Real Estate Sector lost -5.23%.


The Fund


FFM European Selection ended the month (28.11.2024 to 24.12.2024) down -0.71%, underperforming the relevant indices over the same period, with the Euro Stoxx 50 up +2.63 %, the Stoxx Europe 600 down -0.23%, and the CAC 40 up +1.96%.



The monthly top three consisted of Hermès (+12.45%), Universal Music (+8.37%), and Brunello Cucinelli (+7.33%). On the other side, we find Novo Nordisk (-17.57%), Linde (-7.06%), and Sika (-6.15%)




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

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