Seilern IM outlines 20yr growth of Stryx portfolio
Seilern Investment Management has announced the 20th anniversary of its Stryx World Growth fund, which invests in “quality growth” companies and launched on 15 January 1996.
The portfolio, which invests globally, has returned 297% on its CHF share class (net of fees, net income reinvested) over the period, against 145.8% for its benchmark, the MSCI World TR. The CAGR is reported as 7.1% versus 4.6% for the benchmark.
Peter Seilern-Aspang, founder of Seilern IM, said: “The value of what Seilern has done over the last 20 years is now clear from the performance record. The firm’s philosophy, only to invest in the best, has paid off over the long run. The key to our success is finding these companies and having the conviction to leave them to grow. These companies have proven they can perform across all cycles, and, ultimately, outperform the market significantly.”
Raphaël Pitoun, CIO, added: “We are convinced that in an investment world increasingly driven by benchmarks and short-term investing, a meticulous and focused research process analysing the long-term prospects will continue to drive significant returns.”
The Stryx fund relies on an ongoing universe identified by Seilern IM, of some 60-70 global stocks. Portfolio managers of its funds, including Stryx, aim to build concentrated portfolios of some 17-25 holdings from this universe, which the manager says is the foundation of its ability to generate alpha.
The fund launched a dollar share class in July 2006, a euro share class in August 2008, and a sterling share class in September 2012.