Venture: European Chemicals
Issue 136;
Following this trade, the ByteTree Venture Portfolio will be invested across 31 different companies and commodities. This latest chemical stock will fit into industrials, where we already have 9% invested.
Venture has become increasingly diversified, albeit with a hard asset bias. That should come as no surprise, as I have always favoured commodities and materials, not only as diversifiers, but as a strong source of returns.
Venture was well ahead of the market in January, primarily due to the gold and silver miners. Since then, it has given back a little ground but is picking up again.
With the portfolio fully invested, adding new stocks to Venture will mean selling old ones to make room. That is going to get interesting.
Venture specialises in value and momentum, i.e. stocks that have bottomed and offer great value. On the one hand, value investors like to give their stocks time to recover. On the other hand, the portfolio needs to maintain its relevance. We aim to balance these opposing forces.
The excitement is the ever-expanding data set that we have built at ByteTree, which helps us find great opportunities from around the world. This is only going to expand further, and I am very excited about Venture’s prospects over the coming years.
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Investment Director: Charlie Morris. Editors or contributors may have an interest in recommendations. Information and opinions expressed do not necessarily reflect the views of other editors/contributors of ByteTree Group Ltd. ByteTree Asset Management (FRN 933150) is an Appointed Representative of Strata Global Ltd (FRN 563834), which is regulated by the Financial Conduct Authority.
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