ACM-NL @ACM-NL: "Dear Copiers and Followers, For the..."

Netherlands

Edited

Dear Copiers and Followers, For the month August '24 we have just updated the portfolio. Rotating those shares that are no longer Outperform with new ones that have become Outperform and making other changes when necessary. This month we are adding quite a few new shares. Starting with $HEIA.NV (Heineken) (Heineken) a beer conglomeraat from the Netherlands. $JDEP.NV (JDE Peet's NV) (JDE Peet's NV) is the worlds leading coffee and tea company. Both these company operate fine in a turbulent environment as consumer good will always need to be bought, in good and bad times. Also $DRX.L (Drax Group PLC) (DRAX Group PLC) and $AKRBP.OL (Aker BP ASA) (AKER BP OYJ) were bought. This month Sells are $RIO (Rio Tinto PLC ADR) (RIO Tinto Plc ) , $VPK.NV (Koninklijke Vopak NV) (Koninklijke Vopak NV) , $UMG (Universal Music Group NV) , $MC (Moelis & Company) (LVMH Moet Hennesy), $KER.PA (Kering SA) (Kering SA) and $BESI.NV (BE Semiconductor Industries NV) (BE Semiconductor NV). These shares have gone from Outperform to Neutral. Given that Momentum remains positive we also have a tilt towards higher beta shares. July 2024 was a loss month of -1,37%. Since then August has shown a lot of turbulence with a huge sell off of equities in Japan after the JCB increased interest after a very long time. This affected the carry trades and domestic switching of equities for bonds. This reverberated in all equity markets aground the world. The market has now adjusted and many of the losses have been partially recuperated. Great to notice that every single year that we have been active has been a positive result for the year. Green candles for 2021, the very difficult year 2022, 2023 and now 2024. Building a portfolio that can handle all market conditions and remains flexible is key.

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