Better-than-expected annual results from many companies ensure a continued positive sentiment on European stock markets. Especially if the market’s expectations are not too high, better-than-expected figures can sometimes cause a big jump in share prices. This was clearly the case in the past month! Examples in our fund include Norwegian producer of reverse vending and waste recycling machines Tomra (+33%) and also SKF (+10%), the Swedish maker of ball bearings for all kinds of industrial applications. Both companies are growing their annual dividend payouts, a sign of confidence in the future. SKF will give a presentation to our investors on Thursday 7 March, where there will of course be an opportunity to ask questions to the company. You are welcome to attend this meeting and invited to register by sending a message to All in all, the results season drove the fund’s share price up +2.9% in February. On average, European large caps rose +1.9%. Mid (+1.2%) and small caps (+0.1%) slightly lagged. Since the launch in 2016, we have now achieved over 56% return for our investors.



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.