Market news - Echiquier Agenor Mid Cap Europe
The fund underperformed due to its growth bias and underweight positions in the Banking/Insurance and Defense sectors. To address this, the team diversified the portfolio by adding financial, industrial, and defensive stocks, while also increasing exposure to Germany. The outlook is improving thanks to the German investment plan, the FED’s rate cuts, and attractive valuations, particularly among Small Caps.
- What werre the main factors impacting the fund’s performance this year?
- Given this context, what were your main investment decisions?
- What are the outlooks for the coming months?