Examples of boring value at work
May 17, 2022
When we concluded in yesterday’s Daily Instagraph on long duration stocks with the comment that “boring value is back into fashion”, I received the question what stocks were actually currently going up. In Europe for example, 3 sectors show a positive performance since the start of the year: energy, basic resources and telecoms. In our European value portfolio, examples of investments in these sectors are Totalenergies (+15.9% ytd, 4.7 times earnings, div yield 5.6%), Boliden (+10.6% ytd, 7.2 times earnings, div yield 7.9%) and Deutsche Telekom (+10.9% ytd, 13 times earnings, div yield 3.8% ).