- During the fourth quarter of 2021, the Sustainable Europe Strategy (the “Portfolio”) returned 3.5% gross of fees. The MSCI EUROPE TR net (the “MSCI Europe”) returned 7.7% and the MSCI EUROPE SRI TR net (the “MSCI Europe SRI”) returned 8.6%.
- The Portfolio remains concentrated with 21 holdings. It is well balanced across cyclical, defensive and growth names and is exposed to companies which we think offer attractive risk return profiles. The Portfolio’s 12-month forward P/E ratio is currently 14.4x, slightly below the European market.
- During the quarter, we initiated positions in…
Read the SUSTAINABLE EUROPE 4Q21 REPORT