Fund: Stryx America
Size: $48 million (€43.8 million)
The Stryx America fund, which is managed by Raphael Pitoun, invests in high-quality North American firms which have a sustainable competitive advantage, predictable earnings growth and a high return on capital.
The fund consists of just 19 stocks, and, in April 2017, 15 of these rose in absolute terms and the best performer in the fund was painting equipment maker Graco, which rose by a record-breaking 14.6%.
The largest of the other holdings in the fund is financial services company Mastercard, which makes up 7.45%. This is followed by online travel agent Priceline Group, which makes up 6.5% of the fund. Pitoun also holds 8.5% of the fund in cash.
Recommended by: Pierre Bismuth, Myra AM
While many investors are shunning the US, Bismuth said this fund was relatively unknown and could provide opportunities. ‘The diversity of the US economy and its culture of capitalism offer market participants the possibility of investing in a wide range of firms operating in all sectors. Finally, the most innovative companies are based or listed on the US stock exchanges and are one of the keys to sustainable economic growth.’