Degroof Petercam - Investment Company Sector Report Q4 - 2024: The Year of the Shrinking Discount

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Degroof Petercam

Joren Van Aken

Investment Company Sector Report Q4 - 2024: The Year of the Shrinking Discount

Feedback from our 3rd Investment Company ConferenceGeneral consensus of recovery in private markets in H1 with acceleration in H2 of 2024Share buybacks are a capital allocation tool to be used in times of high discounts combined with limited investment opportunities. They are not a tool to reduce the discount.Skill vs. Luck (Part 2)In our last report, we split up share price returns over NAV growth and discount movements. Due to popular demand, we now extend this analysis by also splitting up the TSR (i.e. including cash & stock dividend and splits). This methodology brings returns of high dividend-paying firms like

08/01/2024 1 EN

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Degroof Petercam

We are an investment house with Belgian roots founded on more than 150 years of trust.

As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.

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Analysts

Joren Van Aken

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Investment Company Sector Report Q4 - 2024: The Year of the Shrinking Discount

(Sponsored) Cabka - Extracting full value from recent investments

EnergyVision - Profitable green energy with a sunny growth outlook

(Sponsored) Fastned - Gearing up for a growth spurt

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