The Fund’s share price has returned 17.3% from year-to-date, 4.2% in the second quarter, and continued to rise by 3.0% in June.
Sifter Fund’s investment principle has remained the same already for over 18 years. The Fund is a long-term investor in a small number of quality businesses globally. What we care about is the quality of the businesses and their money-making power in the future. We think that the very strongest businesses will do well in all market conditions and therefore we want to own them for a long time.
Introducing Costco, a retail company with a different earnings model
Would you be willing to pay 60$ to get to the store for shopping? More than 70 million people pay a membership fee to Costco each year. Costco does more than 90% of its profit with membership fees. Watch our analyst Alexander Järf’s presentation on Costco: why have we invested in this company?
Do you want to learn more about the company? Sifter’s analyst team produced a 30-page report that describes the company’s earnings model, the competitive situation, and future growth prospects. Download the report.