Read the latest quarterly reports

You can now read our latest quarterly updates for our European fund, CB European Quality Fund, and our global environmental fund, CB Save Earth Fund.

CB European Quality Fund returned -5.5 % during the fourth quarter, in EUR, which is worse than the benchmark index (MSCI Europe Net). The fund has returned +32 % over the last 5 years, which is worse than the index. The return since inception 1995 is +672 % (+7.3 % p.a.).

Top contributors to CB European Quality Fund during the fourth quarter:

• London Stock Exchange Group (LSEG): London Stock Exchange Group is one of the world’s largest exchanges and financial market infrastructures. LSEG provides advanced trading and information solutions to global capital markets and plays a central role in the financial ecosystem.
• Wolters Kluwer: Wolters Kluwer is a global leader in professional information, software, and service solutions. The company delivers innovative products and services to sectors such as law, healthcare, tax, finance, and compliance. With a focus on providing high-quality solutions, Wolters Kluwer helps customers improve productivity and decision-making worldwide.
• Zurich Insurance: Zurich Insurance Group is one of the most established insurance companies in the world, operating in over 170 countries. Zurich offers a wide range of insurance solutions for both individuals and businesses. With a long-term strategy and a strong financial foundation, Zurich creates security and value for its customers and communities.

Largest detractors to CB European Quality Fund:

• Ashtead Group: Ashtead Group is a leading equipment rental provider with operations in the UK, North America, and Canada. The company, which owns the brands Sunbelt Rentals and A-Plant, offers a wide range of equipment for the construction, industrial, and events sectors. With a customer-centric strategy and strong network, Ashtead enhances efficiency for projects and businesses globally.
• Novo Nordisk: Novo Nordisk is a global leader in the pharmaceutical industry, focusing on the treatment of diabetes and other chronic diseases. Headquartered in Denmark, the company is known for its innovative insulin and biological medicines that improve patients’ quality of life worldwide. Novo Nordisk aims to be a responsible healthcare provider that contributes to better health through research and sustainable development.
• Atlas Copco: Atlas Copco is a global industrial company known for its innovative solutions in compressors, vacuum technology, industrial tools, and assembly systems. With a focus on sustainability and efficiency, Atlas Copco delivers products and services that help companies optimize their production processes.

CB Save Earth Fund returned -2.6 % during the fourth quarter, in EUR, which is worse than the benchmark index (MSCI World Net). The fund has returned +49 % over the last 5 years, which is less than the index. The return since inception 2008 is +200 % (+6.8 % p.a.).

Top contributors to CB Save Earth Fund during the fourth quarter:

• Republic Services: Republic Services is one of the largest providers of recycling and waste management services in the United States. With a focus on sustainability and innovation, Republic Services delivers solutions that help businesses and communities manage waste in an environmentally friendly manner.
• Ansys: Ansys is a global leader in simulation software, offering advanced tools for product design and analysis. Companies in industries such as aerospace, automotive, and electronics use Ansys solutions to improve performance, reduce costs, and accelerate innovation.
• WSP Global: WSP Global is one of the world’s leading engineering and consulting firms, focusing on shaping sustainable communities. With expertise in areas such as infrastructure, environmental solutions, and urban development, WSP delivers solutions to address complex global challenges.

Largest detractors to CB Save Earth Fund:

• Air Liquide: Air Liquide is a global leader in gases, technology, and services for industry and healthcare. The company provides solutions that support the energy transition and improve quality of life, ranging from industrial gases to medical applications. With a focus on innovation and sustainability, Air Liquide is a key partner for businesses worldwide.
• Thermo Fisher Scientific: Thermo Fisher Scientific is the world’s leading provider of scientific products and services. The company offers advanced laboratory equipment, diagnostics, and solutions for drug development. With the motto “enabling our customers to make the world healthier, cleaner, and safer,” Thermo Fisher is an indispensable partner for the research and healthcare sectors.
• TopBuild: TopBuild is a leading installer and distributor of insulation solutions for the construction industry in the United States. The company offers products and services that enhance energy efficiency and comfort in buildings.

You can read the reports here:

• CB European Quality Fund – Q4 2024
• CB Save Earth Fund – Q4 2024