Bellevue Asset Management: BB Entrepreneur Switzerland celebrates its 10th year anniversary
(Thomson Reuters ONE) -
Bellevue Asset Management /
Bellevue Asset Management: BB Entrepreneur Switzerland celebrates its 10th year
anniversary
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The issuer is solely responsible for the content of this announcement.
Investment strategies focused on family-owned or -run companies are now a fixed
part of the asset management landscape. This month ten years ago Bellevue Asset
Management launched the very first investment fund in Switzerland focused on
entrepreneur-owned companies - BB Entrepreneur Switzerland. Its impressive track
record speaks for the success of this strategy.
The quality of any investment asset is revealed in its long-term performance and
BB Entrepreneur Switzerland (ISIN CH0023244368) looks back on an impressive 10-
year track record. Since its launch on April 4, 2006, this fund focused on
family-owned and entrepreneurial companies has gained 72% in value (as of March
31, 2016), fueled by successful stock-picking. Its benchmark the SPI lags well
behind the fund, having advanced by only 34% during the same period.
Statistically, only one fifth of all funds manage to outperform their benchmark.
According to research data published Lipper/Thomson Reuters, in a comparison
with its Swiss peers BB Entrepreneur Switzerland has ranked best-in-class for
the past 10 years (Equity Switzerland).
BB Entrepreneur Switzerland has performed particularly well in the current year.
Despite the high volatility, it is up 0.4% year-to-date (as of March 31, 2016),
which represents an outperformance of 9% to the SPI.
Pioneer in asset management
Itself an entrepreneurial asset management company, Bellevue was quick to
recognize the potential and viability of investing in businesses that are family
owned. Bellevue's launch of the BB Entrepreneur Switzerland Fund in 2006 was a
pioneering move that offered investors a special investment vehicle for
capturing the positive effects a company's ownership structure can have on its
stock market performance. Numerous empirical studies have been conducted in the
meantime proving that entrepreneur-owned companies do indeed deliver better
results, not least on the stock market.
Continuity instead of short-term maximization of profits
This can be traced to the personal financial commitment of the family owners and
their close bond with the company, which engenders a long-term perspective.
"Family businesses think in generations, not quarters and that is good for
stability," Lead Portfolio Manager Birgitte Olsen points out. Olsen knows what
she's talking about. In over 300 meetings a year, she and her team get to know
exactly how business owners think and act. Entrepreneur-owned companies are
characterized by strong balance sheets, lean cost structures, high innovation, a
sharp focus on market niches with a highly international approach, and stable
customer relationships. "Continuity and operational sustainability come before
the short-term maximization of profits," she adds. A strong sense of
responsibility and a natural disinclination to run the company on borrowed money
translate into solid balance sheets and greater resistance to external shocks.
Expansion of the entrepreneur strategy
Bellevue has established itself as a provider of entrepreneur funds over the
years. The investment universe covered by Olsen and her team was expanded with
the launch of BB Entrepreneur Europe in April 2009 and BB Entrepreneur
Europe Small in June 2011, which concentrates on small and medium-sized
entrepreneurial companies across Europe. All three funds invest in listed
companies in which an entrepreneur or a family hold at least 20% of voting
rights. Total assets in the Entrepreneur funds managed by Olsen and her team
amount to CHF 180 million.
Current environment offers stock-pickers attractive returns
The first few months of 2016 have been turbulent and the rest of the year is
likely to remain challenging for investors. Stock markets have correlated rather
closely with oil prices lately. Investors are currently rotating out of
defensive sectors such as health care and food and into more cyclical sectors
such as construction materials and industrials, which Olsen says is one reason
for the Swiss market's recent underperformance. Given its focus on family-owned
companies, BB Entrepreneur Switzerland's investments are well diversified across
a top-quality selection of owner-managed businesses, well beyond the index
heavyweights on the SPI. Its very strong performance in the first quarter of
2016 can be traced to both successful stock-picking and the underweighting of
large cap stocks. More than half of the fund's assets are invested in small
companies with a market cap of less than CHF 2 billion. That will continue to be
the right strategy for delivering an above-average return to fund investors over
the next 10 years.
For further information:
Bellevue Asset Management AG, Seestrasse 16 / P.O. Box, CH-8700 Kusnacht/Zurich
Tanja Chicherio, Tel. +41 (44) 267 67 09, tch(at)bellevue.ch
www.bellevue.ch
Bellevue Asset Management
Bellevue Asset Management is an independent and highly specialized asset
management boutique focused on managing equity funds for selective sector and
regional strategies, in particular for African equities, Swiss/European
entrepreneurial equities and healthcare equities, and multi asset strategies.
Disclaimer: This document is neither directed to, nor intended for distribution
or use by, any person or entity who is a citizen or resident of or located in
any locality, state, country or jurisdiction where such distribution,
publication, availability or use would be contrary to law or regulation. The
information and data presented in this document are not to be considered as an
offer or solicitation to buy, sell or subscribe to any securities or financial
instruments. The information, opinions and estimates contained in this document
reflect a judgment at the original date of release and are subject to change
without notice. No liability is assumed for its correctness and accuracy. This
information pays no regard to the specific or future investment objectives,
financial or tax situation or particular needs of any specific recipient. This
document is not to be relied upon in substitution for the exercise of
independent judgment. Before making any investment decision, investors are
recommended to ascertain if this investment is suitable for them in the light of
their financial knowledge and experience, investment goals and financial
situation, or to obtain specific advice from an industry professional. The
details and opinions contained in this document are provided without any
guarantee or warranty and are for the recipient's personal use and information
purpose only. Every investment involves risk, especially with regard to
fluctuations in value and return. If the currency of a financial product is
different from your reference currency, the return can increase as a result of
currency fluctuations. Past performance is no indicator for the current or
future performance. The performance data are calculated without taking account
of commissions and costs that result from subscriptions and redemptions.
Commissions and costs have a negative impact on performance. This document does
not reflect any risks related to investments into the mentioned securities and
financial instruments. Financial transactions should only be undertaken after
having carefully studied the current valid prospectus and are only valid on the
basis of the latest version of the prospectus and available annual and semi-
annual reports. The Bellevue Funds (Lux) SICAV is admitted for public offering
and distribution in Switzerland. Representative agent in Switzerland: Acolin
Fund Services AG, Stadelhoferstrasse 18, CH-8001 Zürich and paying agent in
Switzerland: Bank am Bellevue AG, Seestrasse 16, P.O. Box, CH-8700 Kusnacht. The
Bellevue Funds (Lux) SICAV is admitted for public distribution in Austria.
Paying and information agent: Erste Bank der oesterreichischen Sparkassen AG,
Graben 21, A-1010 Vienna. The Bellevue Funds (Lux) SICAV is admitted for public
distribution in Germany. Paying and information agent: Bank Julius Bär Europe
AG, An der Welle 1, P.O. Box, D-60062 Frankfurt a. M. The Bellevue Funds (Lux)
SICAV is registered with the CNMV under the number 938. Prospectus, simplified
prospectus, the articles of association as well as the annual and semi-annual
reports of the BB Funds under Luxembourg law are available free of charge from
the above mentioned representative, paying and information agents as well as
from Bellevue Asset Management AG, Seestrasse 16, CH-8700 Kusnacht.
Media release:
http://hugin.info/142988/R/2006452/741346.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Bellevue Asset Management via GlobeNewswire
[HUG#2006452]
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