DGAP-News Bit Capital GmbH: Berlin-based fund manager is the best in Europe
DGAP-News: Bit Capital GmbH / Key word(s): Funds/Quarter Results
Berlin-based fund manager is the best in Europe
BIT Capital continues its success story. After the record year 2020, the Berlin-based company is again at the top of the European fund comparison in the first three months of the new year.
Experts express surprise that a fund focused on technology stocks delivered the best performance: "The best-performing European-domiciled fund is the Global Internet Leaders fund managed by Jan Beckers. This comes as a surprise as it's full of tech stocks and the sector was one of the laggards of Q1."
As Head of Cross Border Investment Research at Citywire, Nisha Long conducted the research and has words of praise for Jan Beckers: "However, Beckers has been a mainstay of top performers
throughout 2020, as he was the best performer over H1 2020 and the whole calendar year, as he was one of only two funds to produce double-digit returns in each quarter of 2020."
Global Internet Leaders SICAV (WKN: A2DTZ3) returned 52 percent in the first quarter of 2021. It outperformed the benchmark MSCI World Information Technology index, which ended the first quarter of the year with a 7 percent gain by 45 percentage points. Since its launch in May 2018, the Global Internet Leaders SICAV has generated a net return of 531 percent.
BIT Global Internet Leaders 30 (WKN: A2N812) also secured a place among Europe's top ten funds with a return of 26.8 percent. With more than 170 percent total return in 2020, it
was among the three most successful funds in Europe. Since its launch in January 2019, the fund has achieved a net return of 378 percent.
Fund manager Beckers attributed the return achieved in the first quarter of 2021 to the fund's success in finding the right investment sectors early on. His investment team bet on fintech stocks at the beginning of the quarter and correctly interpreted the signs of the times: four of the fund's top five stocks are companies from the sector.