Investors in the Sustainable Dividends Value Fund saw the value of their investment increase by 0.7% this month. Based on this one could assume that March would have been a quiet month. Nothing is more besides the truth though. The modest appreciation in value masks a rather high volatility of the underlying stock prices during the month. This also becomes clear when we take a look at the ascenders and descenders on the next page. Fear for the consequences of war in Ukraine at first instance resulted in large drawdowns of equities. Hope for a swift end to hostilities fuelled a fast recovery of European stock markets. On balance, the MSCI Europe Index rose 0.8%. From the start in 2016 the fund has now made more than 74% return (+9.3% per year), versus 46% for the MSCI Europe.



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.