We continuously keep our finger firmly on the pulse for you, a necessity to be able to adapt your portfolio at any time. Here is an overview of our quarterly findings and scheduled events.
We are happy to keep you updated on developments in our Wealtheon Value strategy through a webinar that you can watch at a time that is most convenient for you.
In the 20-minute presentation below, you will be able to listen to a brief summary of our macroeconomic expectations and (more extensively) some examples of what has worked well and not so well in our 2023 investment strategy.
Finally, we conclude with a more detailed analysis of a company we are currently invested in.
Exciting day at Exor N.V.'s 2023 Investor Day in Turin, Italy! Naard Broeckaert, partner, attended this invitation-only event hosted by Exor’s CEO, John Elkann, and their leadership team.
We have traditionally focused heavily on the United States. After a strong first half of the year, we slightly reduced our exposure there in favor of Europe. We remain cautious of Asia." says Victor Zwart, CEO and head of the growth strategy.
Victor Zwart explains, "for the growth strategy, we reduced our exposure to the American market by taking profits. Traditionally, we have been overweight in the United States. Our stocks have undergone a significant rally, led by technology as a major driver and key component. We have taken some profits in that area and scaled back our position.”
Conversely, our exposure to Europe was increased primarily because European stocks are trading at a much lower valuation. "Economic growth expectations for the next year were also higher in Europe, whereas in the United States, growth was expected to taper off. However, the United States is home to several dominant innovative technology companies.
Naard Broeckaert, Partner and head of the value strategy, states that the focus is on certain sectors that didn't perform as well in the first semester, despite being strong performers the previous year. As a result, "we believe we were able to acquire shares at very attractive valuations," explains Naard Broeckaert.
"Within our value strategy, our asset allocation has seen little change. It's important to realize that we invest in real companies where management and employees work to create value. Therefore, we consider not only stock price increases but also value creation," emphasizes Naard Broeckaert.
The full article is by Thomas Laureys and can be read via Investment Officer BE.
“As business managers, we co-invest our family assets in accordance with the policy that we advise. As a result, our interests are fully aligned with those of our clients', Wealtheon Asset Management founder and CEO Victor Zwart and Naard Broeckaert explain to Thomas Laureys.
Wealtheon is first and foremost a family business, centered around the Zwart and Broeckaert families. We are an independent asset manager, not affiliated with a larger party. Wealtheon has offices in Brussels, Waregem and Eindhoven and a sister office in Geneva.”
The full article is by Thomas Laureys and can be read via Investment Officer.
The 5 favorite stocks of Wealtheon CEO Victor Zwart. The listed shares are part of that asset manager's "growth strategy".