Factsheet: May 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
The European markets had a good month of May and returned to the upward trend that began at the end of 2023. The Euro Stoxx 50 is up +1.27%, the Stoxx Europe 600 is up +2.63%, and the CAC 40 up +0.10%.
Sector wise, the Financial Services Sector led the charge at +6.83%, while the Travel & Leisure Sector lost -4.02%.
The Fund
FFM European Selection ended the month (02.05.2024 - 30.05.2024) up +3.68%, outperforming all relevant indices over the same period with the Euro Stoxx 50 up +1.87%, the Stoxx Europe 600 up +2.64%, and the CAC 40 up +0.81%.
The monthly top three consisted of Alcon (+13.54%), Sonova (+11.72%), and ABB (+10.25%). On the other side, we find Straumann (-4.70%), Pernod-Ricard (-3.56%), and Linde (-2.76%).
During the month, we initiated new positions in ABB, Universal Music Group, and VAT Group.
For more information, please email us: contact@fisconsult-sinews.com
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