European Capital Partners - Market Commentary – Q2 2021 Discover this fund | European Capital Partners
Asset management and fund structuring boutique

Market Commentary – Q2 2021

Aug 10, 2021

Performance overview

  • Strategy up 1.83% (share class A Eur)

Portfolio changes

  • One new name entered the portfolio and three names were sold

Market environment & Outlook

  • The reflation trade is under pressure
  • European equities remain attractively valued relative to the US.
  • We continue to look for high quality businesses with sustainable of cash flow generation, while being extremely careful on what price we pay for them.
  • Median margin of safety of portfolio is 36%
  • 5% cash left to seize new investment opportunities
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