10 July 2021

MEMNON EUROPEAN 2Q21 REPORT

  • During the second quarter of 2021, the Memnon European Equity Strategy (the “Portfolio”) returned 7.5% gross of fees. The MSCI EUROPE ex UK TR net (the “MSCI Europe ex UK”) returned 6.9% and the MSCI EUROPE TR net (the “MSCI Europe”) returned 6.5%.
  • Holdings in the defensive sectors contributed the most to the Portfolio’s returns during the second quarter while holdings in the cyclical sector contributed negatively.
  • During the quarter, we initiated positions in…

Read the MEMNON EUROPEAN 2Q21 REPORT

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