Fund Update Archive
19-04-2010
Fund Update European Value Q1 2010
Performance
Sparinvest European Value fund rose by 6.20% in the first quarter of 2010. The general European market, as measured by the MSCI Europe index, rose by 4.12% in the quarter. Meanwhile, the European value stock universe (MSCI Europe Value) rose by 2.17%, compared with 6.03% for growth stocks. European Small caps were very strong, with a return of 9.82%.
The fund performed well in both absolute and relative terms. In the first quarter the fund outperformed the overall market by more than 2%, despite the fact that value stocks underperformed growth stocks in the region.
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