On the stock market, enthusiasm about better-thanexpected economic growth and disappointment about a declining likelihood of interest rate cuts alternated rapidly. This resulted in a small decline for the European markets. Good quarterly results and increasing interest in small caps meant that our fund actually showed a slight increase of 1.2%. Since launching in 2016, we have achieved over 61% returns. Several companies, such as Alfa Laval and Fugro, recently reported strong firstquarter figures and also indicated continued growth. Quite a few more companies will publish figures in the coming month. We look forward with great interest to Bloomsbury’s annual figures. This British publisher of consumer books as well as databases for schools and universities keeps showing a strong growth of both sales and profits year after year. Management has been able to grow the dividend for over 25 years. Our fund has been invested in Bloomsbury since its inception and we are pleased to announce that the company will make a presentation at our Investor Day on Thursday, June 13. You and your partner, friend or colleague are welcome to attend this event. Please register by emailing info@sustainabledividends.com.



The fund

Sustainable Dividends offers an investment fund that invests in a well-diversified portfolio of European companies at the forefront of the sustainability transition. Our focus is on a disciplined investment process, while applying both qualitative and quantitative financial criteria.