FUNDS PERFORMANCES

DIGITAL STARS EUROPE

Inception date : 13/11/98

DIGITAL STARS EUROPE EX UK

Inception date : 30/06/06

DIGITAL STARS EUROPE SMALLER COMPANIES

Inception date: 16/12/16

DIGITAL STARS US EQUITIES

Inception date : 16/10/17

DIGITAL STARS EUROZONE

Inception date : 01/10/18
 

DIGITAL STARS EUROPE

Monthly update February 2021The month of February was again favourable for equity investors (MSCI Europe NR +2.5%) and a new phase of outperformance by value and cyclical investments could be observed in parallel. Value style in Europe rose by 8.3% over the month according to our measures. This powerful rotation of styles, initiated at the beginning of last autumn, therefore remains in place. It is clearly favoured by reflationary pressures, transparent through increases in long term interest rates, as well as by the promise of a powerful economic recovery due to numerous favourable factors and the savings that households will have built up during lockdown restrictions. The recognition of the value of the equity asset class is therefore underway and could continue in the coming months. The risk premiums of the European markets are still above their historical averages, and a deeper revaluation of equities is still a likely scenario in the medium/long term, even if we are approaching the resistance of the 2020 highs in Europe.The Digital funds continued to grow in February and once again outperformed their benchmarks. The beginning of the month was particularly positive. The funds benefited from a very strong trend in digital stocks, the big winners of the health crisis, and from earnings announcements that exceeded expectations for many stocks (Sinch, Kindred, Evolution Gaming, etc.). The second half of the month saw profit-taking on "growth" stocks, impacted by rising interest rates. The renewable energy sector suffered. This negative effect was partly offset by the good performance of our financials, by far the best sector for the month as a whole. The funds' exposure to both recovering stocks and high-growth stocks, which are at the other end of the market, and the under-exposure to quality/low interest rate securities, which are an alternative to bonds, corresponded to a profile that was very well suited to February. Digital Stars Europe Acc's monthly performance was +3.7%, compared to +2.5% for the MSCI Europe NR.

Read the monthly report in PDF format

Objectives

The objective of the compartment is to generate long-term capital appreciation and outperform the European markets as a whole by using a sophisticated quantitative model, designed by Jacques Chahine, which makes it possible to identify “star” performers.

Fund profile

An extremely well diversified portfolio, invested across all market capitalizations in a purely quantitative style. Its investment universe includes around 1,700 stocks from the European Union, the United Kingdom, Switzerland and Norway with capitalizations exceeding 100 million euros. The sub-fund may invest up to 50% of its net assets in large cap stocks belonging to the Stoxx 50.

DIGITAL STARS EUROPE EX-UK

Monthly update February 2021
The month of February was again favourable for equity investors (MSCI Europe NR +2.5%) and a new phase of outperformance by value and cyclical investments could be observed in parallel. Value style in Europe rose by 8.3% over the month according to our measures. This powerful rotation of styles, initiated at the beginning of last autumn, therefore remains in place. It is clearly favoured by reflationary pressures, transparent through increases in long term interest rates, as well as by the promise of a powerful economic recovery due to numerous favourable factors and the savings that households will have built up during lockdown restrictions. The recognition of the value of the equity asset class is therefore underway and could continue in the coming months. The risk premiums of the European markets are still above their historical averages, and a deeper revaluation of equities is still a likely scenario in the medium/long term, even if we are approaching the resistance of the 2020 highs in Europe. The Digital funds continued to grow in February and once again outperformed their benchmarks. The beginning of the month was particularly positive. The funds benefited from a very strong trend in digital stocks, the big winners of the health crisis, and from earnings announcements that exceeded expectations for many stocks (Sinch, Kindred, Evolution Gaming, etc.). The second half of the month saw profit-taking on "growth" stocks, impacted by rising interest rates. The renewable energy sector suffered. This negative effect was partly offset by the good performance of our financials, by far the best sector for the month as a whole. The funds' exposure to both recovering stocks and high-growth stocks, which are at the other end of the market, and the under-exposure to quality/low interest rate securities, which are an alternative to bonds, corresponded to a profile that was very well suited to February. Digital Stars Europe Ex-UK Acc ended February at +4.4% compared to +2.2% for the MSCI Europe ex UK NR.

Read the monthly report in PDF format

Objectives

The objective of the compartment is to generate long-term capital appreciation and outperform the European markets (excluding the United Kingdom) as a whole by using a sophisticated quantitative model, designed by Jacques Chahine, which makes it possible to identify the “star” performers.

Fund profile

An extremely well diversified portfolio, invested across all market capitalizations in a purely quantitative style. Its investment universe includes around 1,300 stocks from the European Union (excluding the United Kingdom), Switzerland and Norway, with capitalization exceeding 100 million euros. The sub-fund may invest up to 50% of its net assets in large cap stocks belonging to the Euro Stoxx 50.

DIGITAL STARS EUROPE SMALLER COMPANIES

Monthly update February 2021The month of February was again favourable for equity investors (MSCI Europe NR +2.5%) and a new phase of outperformance by value and cyclical investments could be observed in parallel. Value style in Europe rose by 8.3% over the month according to our measures. This powerful rotation of styles, initiated at the beginning of last autumn, therefore remains in place. It is clearly favoured by reflationary pressures, transparent through increases in long term interest rates, as well as by the promise of a powerful economic recovery due to numerous favourable factors and the savings that households will have built up during lockdown restrictions. The recognition of the value of the equity asset class is therefore underway and could continue in the coming months. The risk premiums of the European markets are still above their historical averages, and a deeper revaluation of equities is still a likely scenario in the medium/long term, even if we are approaching the resistance of the 2020 highs in Europe. Digital Stars Europe Smaller Companies Acc rose by +3.7% in February, in line with the MSCI Europe Small Cap NR (+3.9%). The technology sector stood out (QT Group, SeSa, Crayon), especially at the beginning of the month, as did British stocks from the media (Reach) and industry sectors (Morgan Sindall, Royal Mail, John Menzies). The renewable energy theme weighed negatively on the fund’s return, whether through biofuels (VERBIO), utilities (Encavis, Scatec, Falck Renewables) or industrials (Alfen, Eolus Vind), to the point of pushing some of these stocks towards the exit.

Read the monthly report in PDF

Objective

The objective of the sub-fund is to generate long-term capital appreciation and outperform the European small-cap markets by using a sophisticated quantitative model, designed by Jacques Chahine, which makes it possible to identify “star” performers.

Fund profile

An extremely well diversified portfolio, invested in small and mid caps in a purely quantitative style. Its investment universe includes around 1,500 stocks from the European Union, the United Kingdom, Switzerland and Norway, whose capitalization exceeds 50 million euros and does not exceed the largest capitalization of the MSCI Europe Small Cap index.

DIGITAL STARS US EQUITIES

Monthly update February 2021The month of February was again favourable for equity investors (the S&P 500 NR was up +2.7%) and a new phase of outperformance by value and cyclical investments could be observed in parallel. Value style rose by +5.9% over the month in the US (S&P 500 Value NR). This powerful rotation of styles, initiated at the beginning of last autumn, therefore remains in place. It is clearly favoured by reflationary pressures, transparent through increases in long term interest rates, as well as by the promise of a powerful economic recovery due to numerous favourable factors and the savings that households will have built up during lockdown restrictions. The recognition of the value of the equity asset class continues and could keep the pace in the coming months. The risk premium of the US market is still above its historical average, and a deeper revaluation of equities is still a likely scenario in the medium/long term. Helped by the strong trend on mid/small caps, especially on value and cyclical stocks, Digital Stars US Equities Acc USD ended the month up sharply, with a return of +11.8%, clearly beating the S&P 500 NR at +2.7%, and the Russell 2000 NR at +6.2%. The fund was not invested in Energy, the best performing sector (+22%) in the US market this month. But other sectors have largely compensated for this missed opportunity: finance (Silvergate Capital, Live Oak Bank, Affiliated Managers Group), industry (Atkore, Generac, Deere & Co) and, most of all, technology (Digital Turbine, Agilysys, Amkor Technology). Read the monthly report in PDF format

Objectives

The sub-fund's objective is to generate long-term capital appreciation and outperform the American markets as a whole by using a sophisticated quantitative model, designed by Jacques Chahine, which makes it possible to identify “star” performers.

Fund profile

An extremely well diversified portfolio, invested across all market capitalizations in a purely quantitative style. Its investment universe includes approximately 2,700 stocks from the US market, with a capitalization exceeding $ 100 million, and monitored by a minimum of 3 financial analysts.

DIGITAL STARS EUROZONE

Monthly update February 2021The month of February was again favourable for equity investors (MSCI Europe NR +2.5%) and a new phase of outperformance by value and cyclical investments could be observed in parallel. Value style in Europe rose by 8.3% over the month according to our measures. This powerful rotation of styles, initiated at the beginning of last autumn, therefore remains in place. It is clearly favoured by reflationary pressures, transparent through increases in long term interest rates, as well as by the promise of a powerful economic recovery due to numerous favourable factors and the savings that households will have built up during lockdown restrictions. The recognition of the value of the equity asset class is therefore underway and could continue in the coming months. The risk premiums of the European markets are still above their historical averages, and a deeper revaluation of equities is still a likely scenario in the medium/long term, even if we are approaching the resistance of the 2020 highs in Europe. The Digital funds continued to grow in February. The beginning of the month was particularly positive. The funds benefited from a very strong trend in digital stocks (Qt Group, SeSa), the big winners of the health crisis. The second half of the month saw profit-taking on "growth" stocks, impacted by rising interest rates. The renewable energy sector suffered. This negative effect was partly offset by the good performance of our financials, by far the best sector for the month as a whole. The funds' exposure to both recovering stocks and high-growth stocks, which are at the other end of the market, and the under-exposure to quality/low interest rate securities, which are an alternative to bonds, corresponded to a profile that was very well suited to February. Digital Stars Eurozone Acc achieved +3.3%, in line with the MSCI EMU NR +3.5%. Read the monthly report in PDF format

Objectives

The objective of the sub-fund is to generate long-term capital appreciation and outperform the Eurozone markets as a whole by using a sophisticated quantitative model, designed by Jacques Chahine, which makes it possible to identify the top "star" performers.

Fund profile

An extremely well diversified portfolio, invested across all market capitalizations in a purely quantitative style. Its investment universe includes Eurozone market stocks, whose capitalization exceeds $ 100 million, and monitored by a minimum of 3 financial analysts.