European Selection Fund - Jan 2025

Factsheet: January 2025

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

In a tense context regarding Ukraine and announcements of customs duties in the United

States, the European markets have, despite everything, had a good month of February, with the Euro Stoxx 50 up by +3.34%, the Stoxx Europe 600 up by +3.27%, and the CAC 40 up by +2.03%.

Sector wise, the Banks Sector led the charge at 12.81%, while the Media Sector lost 5.25%.

The Fund

FFM European Selection ended the month (30.01.2025 to 27.02.2025) up +1.07%,

underperforming the relevant indices over the same period, with the Euro Stoxx 50 up +3.60%, the Stoxx Europe 600 up +3.39%, and the CAC 40 up +2.03%.

The monthly top three consisted of Euronext (+8.12%), Ferrari (+8.02%) and EssilorLuxottica (+7.98%). On the other side, we find Sonova (-8.97%), ASML (-5.90%) and Schneider Electric (-4.65%).

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