We’re excited to share with you our July 2022 top picks based on factor investing!
News Scan📰
All July 2022 top picks passed our news scan, where we look for negative news surrounding these companies.
Top Picks Additions & Removals🔄
July 2022 only saw the entry of CIB (COMI) into our top picks, & the exit of Edita Food Industries (EFID). Other changes include minor reshuffles for Emaar Misr (EMFD), Telecom Egypt (ETEL), Cairo for Investment (CIRA), Abu Dhabi Islamic Bank (ADIB), & Obour Land (OLFI).
13-Month Top Picks Performance
We tracked the performance of the companies that were included in our past thirteen months’ picks.
If you had invested equally in the past thirteen months’ top picks, you would have made a -8.40% return vs a -9.91% return on the EGX30.
Last Month’s Performance
June 2022’s Electric Stocks also held up better than the EGX30 amid the broad market sell-off. Last month’s Electric Stocks returns recorded-6.74% vs. a sharper EGX30 decline of 8.51%.
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.
