value and opportunity

In the first 9 months of 2022, the Value & Opportunity portfolio lost  -15,8% (including dividends, no taxes) against a loss of -27,0% for the Benchmark (Eurostoxx50 (25%), EuroStoxx small 200 (25%), DAX (30%), MDAX (20%), all TR indices).

Links to previous Performance reviews can be found on the Performance Page of the blog. Some other funds that I follow have performed as follows in the first 9M 2022:

Partners Fund TGV: -42,6%
Profitlich/Schmidlin: -20,6%
Squad European Convictions -20,4%
Ennismore European Smaller Cos ––6,6% (in EUR)
Frankfurter Aktienfonds für Stiftungen -12,2%
Greiff Special Situation -5,0%
Squad Aguja Special Situation -21,2%
Paladin One -21,4%

Performance review:

Overall, the portfolio was again more or less in the middle of my peer group. Looking at the monthly returns, it clearly shows that the rebound in July until Mid August was short lived and that August and September turned out to be big down months again, after the disastrous June:

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2021 overview

2021 was a (for me) surprisingly strong year for equity markets with double digit growth across many equity markets.

In 2021, the Value & Opportunity portfolio gained  +22,5% (including dividends, no taxes) against +18,5% for the Benchmark (Eurostoxx50(25%), Eurostoxx small 200 (25%), DAX (30%), MDAX (20%), all performance indices including Dividends).

Links to previous Performance reviews can be found on the Performance Page of the blog. Some other funds that I follow have performed as follows in 2020:

Partners Fund TGV: +38,2% (30.12.) 
Profitlich/Schmidlin: +20,0% (30.12.)
Squad European Convictions (30.12.) +25,0%
Ennismore European Smaller Cos (30.12.) +23,1% (in EUR)
Frankfurter Aktienfonds für Stiftungen (30.12.) +17,3%
Greiff Special Situation (30.12.) +5,5,%
Squad Aguja Special Situation (30.12.) +5,4%
Paladin One (30.12.) +14,6%

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In the first 9 months of 2021, the Value & Opportunity portfolio gained  +17,3% (including dividends, no taxes) against a gain of +13.9% for the Benchmark (Eurostoxx50 (25%), Eurostoxx small 200 (25%), DAX (30%), MDAX (20%), all TR indices).

Links to previous Performance reviews can be found on the Performance Page of the blog. Some other funds that I follow have performed as follows in the first 9M 2021:

Partners Fund TGV: +22,5%
Profitlich/Schmidlin:  14,7 %
Squad European Convictions +24,3%
Ennismore European Smaller Cos +19,1% (in EUR)
Frankfurter Aktienfonds für Stiftungen 15,9%

Greiff Special Situation 3,9%
Squad Aguja Special Situation 8,6%
Paladin One 14,8%

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In the first 6 months of 2021, the Value & Opportunity portfolio gained  +14,7% (including dividends, no taxes) against a gain of +13.8% for the Benchmark (Eurostoxx50 (25%), Eurostoxx small 200 (25%), DAX (30%), MDAX (20%), all TR indices).

Links to previous Performance reviews can be found on the Performance Page of the blog. Some other funds that I follow have performed as follows in the first 6M 2021:

Partners Fund TGV: +22,1%
Profitlich/Schmidlin:  13,3 %
Squad European Convictions +18,54%
Ennismore European Smaller Cos +16,01% (in EUR)
Frankfurter Aktienfonds für Stiftungen 12,35%
Greiff Special Situation 3,45%
Squad Aguja Special Situation 10,37%
Paladin One 5,94%

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