March 2024
In March, we saw better-than-expected inflation data in some key European markets combined with comments from the European Central Bank indicating lower interest rates later this year. This ensured that positive sentiment in equity markets continued. Investors in our fund saw prices rise 2.1%. On average, European equities (MSCI Europe Index) rose +3.9%. The fund’s share price increase was supported by strong annual results from a number of our companies. For many companies expectations are that growth will continue in the current year. A good example of this is Fugro. The geo-data specialist is excellently positioned to benefit from huge investments in the energy transition and infrastructure in the coming years. We are pleased to announce that Fugro will give a presentation about this during our Investor Day on Thursday June 13th. Of course, there will also be an opportunity to ask questions to the company. You are, together with your partner, more than welcome to attend this meeting. Please register by sending an email to info@sustainabledividends.com. Since its launch in 2016, the Sustainable Dividends Value strategy now achieved a return close to 60%.
Newsletter
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.