The European Reliance Growth Domestic Equity Fund closed 2020 first in returns, while it was the 5th time to do so in the last 10 years. The mutual fund recorded a 1.72% rate of return according to data from the Hellenic Fund and Asset Management Association, outperforming by 13.47% the Athens Exchange Index, which registered a return of -11.75%.
It is noteworthy that the European Reliance Growth Domestic Equity Fund was also first on a cumulative level, as over the last five years, its return was 65.40% better than the General Index, and 64.61% better over the seven-year period. Moreover, the European Reliance Growth Domestic Equity Fund has been first in its category since the start of the economic crisis, as at 31/12/2010 it had a positive return of 73.49%, where during the same period, the ATHEX Index performed at -42.78%.
Mr Thomas Konstantinidis, CEO of European Reliance Asset Management, said: “The recent success of the European Reliance Growth Domestic Equity Fund is a major achievement for all of our company’s staff and the result of our investment philosophy, which is based on ‘value investing’. Our goal is to invest in quality enterprises characterised by reliable management so we can minimise risk and achieve above-average returns. European Reliance Asset Management will continue to operate in accordance with its principles and its philosophy, selecting investments that meet the most stringent criteria on the market. It shall invest in these as an ‘owner’, aiming at the long-term and persistent capital outperformance.”
