European portfolio +19,7% YTD, North America +4,2%

Olivier Dambrine 10 Mar 2015

The STOXX 600 moved up from a gain of 8,7% in January to 14,5%. Our portfolio performed even better in February and showed a gain of 19,7%, an increase of 1030 basis points than the previous month. This is one of the best starts of the year since we started this portfolio 5 years ago. This growth was supported by a majority of holdings with a few stars sticking out. The North American portfolio showed a smaller return of 4,2%, but this still beats the S&P, which stands at 2,2%.

Our strategy of reducing the size of the portfolio, but staying invested for longer periods than a year, seems to pay off.