The Fund’s share price has increased quite rapidly in the first months of the year. However, in May we saw the first slightly negative month. Since the beginning of the year, the fund has returned 13.9%, after all fees, and in May the fund decreased by 0.15%. Year to date the Sifter Fund has beaten the market (MSCI ACWI) by 3.0%.
Introducing Verisign, a highly profitable business. The average net profit margin of the S&P 500 companies is 9-10%. In the video, we present Verisign, which has a net profit margin of 50%.
Verisign operates in an almost monopolistic market position and the company has a contractual right to raise the prices by 7% per annum. Verisign is an excellent example of a strong quality company with good pricing power and a predictable earnings model.