We’re excited to share with you our May 2022 top picks based on factor investing!
News Scan📰
Speed Medical (SPMD) came in as our 5th top pick for May 2022. However, we decided to exclude it from our top picks as the company awaits a court appeal on June 11th, 2022.
Top Picks Additions & Removals🔄
May 2022 only saw the entry of three stocks into our top picks, namely GB Auto (AUTO), Telecom Egypt (ETEL), & Misr Chemical Industries (MICH). The three exiting companies were CI Capital (CICH), Fawry (FWRY), & Cleopatra Hospitals (CLHO).
11-Month Top Picks Performance📈
We tracked the performance of the companies that were included in our past eleven months’ picks. If you had invested equally in the past eleven months’ top picks, you would have made a 5.98% return vs a 7.89% return on the EGX30.
It is important to note that fundamental factors explain returns over a long investment horizon. Speculative stocks, in contrast, may significantly outperform fundamentally solid stocks in the short term despite the absence of any understandable catalysts.
