November 2025: Brief panic and swift recovery
Investors in the Sustainable Dividends Value Fund achieved a return of 0.1% last month. Anyone who didn’t pay attention to stock prices in November might think it was a quiet month for the stock market. Nothing could be further from the truth. Fear of a potential AI bubble bursting caused a short-lived but intense panic reaction on global stock markets. Only in the last week of the month did a strong recovery limit or, as in Europe, even reverse the damage on most stock markets. Ultimately, the MSCI Europe Index rose by 0.9% in November. The quarterly earnings season has been positive for us. On average, our companies reported a 20% increase in profit in their third-quarter reports compared to the same quarter a year earlier. This 20% increase in profit, combined with a return of approximately 20% over the past 12 months, has ensured that the valuation of the shares in our fund has remained virtually unchanged. Across Europe, companies reported an average of 6% profit growth in the third quarter. Since the beginning of the year, our fund’s share price has risen by over 20%, and the MSCI Europe index is up by over 16%. Investors in our fund have achieved returns of over 98% since its launch in 2016.
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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.