AIR’s portfolios outperform (again)
AIR’s Top 10 European Best Ideas portfolio has outperformed the Euro Stoxx 50 by a whopping +241% since launching a decade ago - the portfolio was +28% in 2021 (+23% in 2020 and +32% in 2019). Meanwhile, AIR’s Top 5 Swiss Best Ideas portfolio has also had a stellar start, having launched in Jan 2020, it has outperformed the SMI Index by +44%. One stock that Pierre Essig is particularly keen on at the moment is Spanish Auto Supplier CIE Automotive. At 10x 2022 Earnings, CIE appears massively undervalued when looking at its strong growth profile, profitability vs. peers, risk management and execution. Pierre recently increased his target price to €45.00 (75% upside).
Edition: 129
- 18 February, 2022