Juno Selection Fund starts the year off well with a strong first quarter
Wassenaar – April 10, 2017 – The Juno Selection Fund has ended the first quarter of 2017 with a positive return of +13.4%. With this result, the fund that focuses on investments in European small- and mid-cap (family-owned) companies, has clearly outperformed the European indices: the Euromoney Smaller Europe Index gained +7.0% this quarter.
Since inception in 2008, the Juno Selection Fund has returned close to +250% in total. This equates to an average performance of +14.5% per annum. The number of participants in the fund has grown to more than 300. Together, they represent assets under management in the fund of circa €210 million. This steep increase, combined with the growth of assets under management in our managed accounts, has led Juno’s management to decide to close the fund for new investors as per June 1st, 2017, in order to maintain the quality and liquidity of the fund. Please click here for the press release in which this decision is explained in more detail.
Juno remains positive about the outlook for the fund’s 2017 performance. Frans Jurgens, director and co-founder of Juno: “Whereas most listed companies in Europe showed disappointing results, 2016 was once again a solid year for the Juno Selection Fund’s portfolio companies. The aggregated reported earnings grew more than 13%.” Lennart Smits, director and co-founder of Juno: ”Within the range of possible investments in European companies, we continue to choose a small, select group of extraordinary businesses. The expected 2017 earnings growth lies north of our 10-15% target.”
About Juno Investment Partners and the Juno Selection Fund
Juno invests in unique European small- and mid-cap companies. For the
most part, these are family-owned companies, or companies where a
family or management is also a shareholder. Companies that can continue
to achieve predictable and stable profit growth, year after year, are
considered for investment. During this selection process, the emphasis
lies on return on invested capital and free cash flows that are highly
predictable in nature. Our analysts / asset managers put together a
highly concentrated portfolio of companies that they themselves have
identified, analysed and visit frequently. These companies often remain
in the portfolio for a long period of time (on average more than three
years). With this investment style, Juno has achieved consistent
superior investment results for its clients during the past years. The
Juno Selection Fund is managed by Juno Investment Partners. Juno
Investment Partners has an AFM licence for discretionary asset
management for direct mandates..
For the media, not for publication
Should you have questions pertaining to this press release, please contact Mr. Frans Gunnink at Sharpe Financial Communications: +31-20-820-8641 or email@example.com.