Bertrand Faure, portfolio manager of the Strategic European Smaller Companies Fund provides an update on the Fund's strategy as well as his insights regarding the market corrections of 2018 and the drivers of strong returns during 2019.
Lilian Co, portfolio manager of the Strategic China Panda Fund – an award-winning China Equities Fund – provides an update on the Fund's positioning and her latest insight on the Chinese equity markets during this volatile period between the U.S. and China.
Mitsuhiro Yuasa provides an update regarding the current macroeconomic environment in the Japanese equity markets and how he and his team are positioning the E.I. Sturdza Strategic Japan Opportunities Fund accordingly, with a focus on companies with consistent revenue / profit growth and strong management regardless of size, history, brand or market capitalization.
Eric Vanraes, Fixed Income Portfolio Manager at EI Sturdza Investment Funds
1. Why you should still stay invested in bonds
Because bonds are a natural hedge of other asset classes such as equities but it means that you MUST favour high-quality bonds only, with good liquidity and without high correlation to equities in order to deliver positive performance when stock markets are in negative territory.
2. What are the asset classes that should be favoured?
In EUR, we favour APP (Asset Purchase Program) bonds (Govies + PSPP + CSPP), i.e. bonds bought by the ECB (EUR 80 billion/month) and in USD, we stay overweight long US Treasuries (both 30y nominal bonds and TIPS which are inflation-linked). In USD, we also favour high quality emerging bonds (but high quality only). We avoid any kind of bonds which eventually behave like equities in bear markets (high yield, deeply subordinated bank debt).
Willem Vinke, Portfolio Manager, EI Sturdza Strategic Europe Value Fund
"European equity investors should not rely on Mario Draghi’s promised economic recovery" - Willem Vinke, portfolio manager
· Who will benefit from QE, falling yields and a weaker euro?
· QE is proving to be a tailwind for European equities - the market may re-rate EU stocks to new highs in 2015
· With an eye on valuations, sustainable business models are paramount
In this context, Willem will describe how his approach to fundamental research, quality and cash flow, process for valuations and compounding help investors navigate a choppy course for European equities.
Willem Vinke and the EI Sturdza Strategic Europe Value Fund – focusing on quality and valuations
· 95.4% since launch in October 2010
· High quality, cash-generating stock picking approach
· Morningstar OBSR Bronze Rating and 5-Star Rating
Eric Sturdza Investments is a multi-boutique provider of investment funds, offering Global, Chinese, Japanese (all cap and large cap) and European (large cap,
as well as small / mid cap) equities, as well as a global multi-asset fund and a global fixed income strategy to high net worth individuals, institutions and wholesale investors. The funds / strategies are marketed across Europe and opportunistically in the Middle East and Asia.