Fidecum AG, corporate

Fidecum AG,

13.06.2017 - 09:57:19

Fidecum avant-garde Stock Fund full steam ahead with GARP approach

The Fidecum avant-garde Stock Fund has marked a +20% rise year to date putting it amongst the top tier European Equity growth funds:

top 5% Citywire, top 5% Bloomberg Peer-Group. The fund has also shown distinct outperformance over one, three and five years. Morningstar just accoladed the fund with 5 stars over five years.

However, fund managers Anko Beldsnijder und Richard Burkhardt believe this may only be the onset of a broader move.

After adverse conditions in 2016 the market has clearly improved in the first quarter 2017. While defensive stocks had been favored as bond proxies earlier in 2016 market interest switched to value stocks later on, which had underperformed since long. Since the beginning of 2017 a revival of growth stocks can be observed. This was strongly supported by a pronounced rise of Q1 corporate earnings in Europe (+18%) which even outpaced the earnings growth of the S&P 500 companies (+15%).

Apparently, companies with sustainable and above average growth are in the limelight again. Especially stocks with a PEG-ratio < 1 should be favored now, particularly those who have seen positive earnings revisions lately, making them all the more attractively valued.

This is exactly where the Fidecum avant-garde Stock Fund selection model sets in. The fund managers identify a set of companies applying their model consistent selection filter, consisting of five quality criteria, which have to be met. As a consequence, stocks are earmarked which take a prominent and innovative position in their respective sector and show outstanding and sustainable earnings growth.

The special feature: Earnings and cash flows of stocks contained in the fund are currently growing twice as fast as those in peer group funds while valuation ratios are substantially below the average of the peer group.

Hence, it appears it is not too late by far to invest into the fund.

Following its incredibly attractive valuation the Fidecum avant-garde Stock Fund (ISIN: LU0187937684) should still have substantial upside potential.

We are looking forward to speaking to you on the phone or in a presentation with the fund managers. If you would like to get in touch, we can be contacted via phone 0049 6172 6826 515 or e-mail info@fidecum.com.

Kind regards Your Fidecum Teamwww.fidecum.com

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