October 2024: Uncertain times ahead of US elections?

Sustainable-Dividends-Value-Fund-Maandbericht-Oktober-2024

Uncertainty about the outcome of the upcoming US elections and the impact of the new UK government’s budget plans caused investors to hit the sell button en masse in the final days of last month. The start of the reporting season showed a mixed picture, with frequent reference to China to explain disappointing growth. Investors in our fund also suffered from this, and the share price consequently fell 3.3% over the past month. On average, European large and mid-caps in the MSCI Europe index also fell 3.3% and small caps ended up 4.5% lower. Small and mid-caps have lagged sharply behind the stock market in recent years. With the prospect of a further decline in interest rates in the coming quarters, more and more investors will look for lagging and sometimes severely undervalued stocks. Our small and mid-caps are good examples of this. The valuation of the shares in our fund is a lot lower than that of the market, and we expect to benefit from this in the coming period. Over the past 12 months, the return on our fund is now over 21% and over 66% 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.

Testimonials

Harm Welleweerd
Former CEO iwell

Companies that see circular commodities and the clean energy transition as real opportunities have the best chances for successful growth. The Sustainable Dividends Value Fund focuses especially on this type of companies. This offers me greater certainty of returns and the chance to invest equity capital in accelerating the transition into a more sustainable society.

Bart van Asten
CTO of WorldACD Market Data

The Sustainable Dividends Value Fund invests in companies that take sustainability seriously. The fund is run by experienced people whom I have known for a long time and in whom I have great confidence. Those two factors ensure that I have been a participant in the fund for many years with peace of mind.

Milko Brinkman
Founder Brinkman Financial Consultants

The Sustainable Dividends team strives for socially sustainable impact. The world is changing rapidly. From my beach house, I saw Boskalis doing sand replenishment, TKH pulling cables to offshore wind turbines and Fugro mapping the North Sea and coastlines. Ørsted builds offshore wind farms, Vopak takes care of hydrogen storage and LNG, and SKF supplies ball bearings for wind turbines. Investing is that simple, and the Sustainable Dividends Value Fund invests in some of these companies.

Michiel Langezaal
co-founder and CEO Fastned

What really appealed to me about Sustainable Dividends is the story. First, we invest only in sustainable companies. Then, we look for companies that show an upward trend in dividend payments because companies with growing dividends have historically achieved above-average returns. A refreshingly simple and clear strategy that gives me confidence.