European Value rated AA+ by TELOS

The German ratings Agency, TELOS has awarded Sparinvest SICAV European Value an AA+ rating, ...

indicating that ‘the fund complies with very high quality standards’.The Telos report is highly complimentary about Sparinvest’s ‘proprietary blend of value investment’ which it declares is ‘based on a corporate philosophy which is easy to understand and which is present in all phases of the investment process.’ The management team is also praised for its homogeneity, experience and long-term conviction and especially for the fact that it has stuck to its guns during recent non-fundamental driven markets resulting from the Euro crisis.

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