Letter to Shareholders Value Equity Q1 2015

After one of the best quarters ever for Sparinvest’s global value equity strategies, the team considers reasons for the rallies in the European and Japanese markets and highlights some of the benefits of active investment – including a focus on ESG risks - which passive investing is unable to offer.
“Active managers are able to take advantage of opportunities as they arise, while avoiding high-flying, high-priced areas of the market”

Read the Letter to Shareholders here.