The start of the new year sparked investor optimism and investors in our fund saw the share price rise 4.2% in January. Prices of European equities rose on average by 6.8% (MSCI Europe Index). The widely supported expectation is that we will see inflation fall in 2023 and that, as a result, the end of interest rate hikes will be in sight. This provides more certainty for investors and therefore more confidence in the future. The fear of a recession still exists, and from time to time can cause a sudden market downturn. This will be no different in the coming quarters. Our companies often focus on the long-term trend of sustainability. This means that most of the companies in the fund are less sensitive to a possible recession. We expect that they will also see revenue and profit growth in the current year. Shareholder dividends are also expected to rise in 2023.



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.