The second quarter of the year 2016 has just ended and now the members of A&F Investments can enjoy their well-deserved vacation. They can order extra cocktails on this vacation, since the investment group obtained a positive return and they have outperformed their benchmark. This is a great achievement, because these were difficult times due to the Brexit.
The Brexit definitely left its mark on this quarter. A&F Investments has multiple British stocks in their portfolio, so it was extremely important that the correct decisions were made. Eventually, profit was taken at the right time and the acquisition of a British telecom company has been postponed. Furthermore, the exposure to the banking industry has been reduced at the start of quarter 2. Along with an increase in the price of oil and gold, and a successful pair-trade, A&F Investments managed to make a nice return.
And of course, during this quarter new stocks were discovered, pitched and bought. The Risk Management team notified that it would be better for the diversification if a part of our portfolio is invested in the non-cyclical consumer industry. Soon after this advice, a Dutch supermarket was added to the portfolio. At the same time, a former member of A&F Investments shared a valuable list with interesting companies, which he discovered through his own screening. We are proud to say that this list has been proven a success. Due to this screening technique, we were able to invest in an innovative American manufacturer of MRI scanners and a German employment agency. At last, new members of A&F Investments got the opportunity to show their value by creative pitches and interesting discoveries.
By the end of the second quarter the members of A&F Investments got an informative guest lecture of one of their partners, IBS Capital Allies. The Portfolio Manager and the Analyst of IBS Capital allies explained how a professional investor analyses a company and how decisions are made. You can read this article here. A&F Investments would like to continue this positive trend. Elections, monetary policies and terrorism are all considered challenges for the next quarter.
Interested in becoming active in this committee? Feel free to contact us by sending an email to info@asset-accountingfinance.nl
