DJE - Mittelstand & Innovation PA (EUR)
- As at:
- 144.76 EUR
- 152.00 EUR
In March, the price of the DJE - Mittelstand & Innovation rose 1.12%. Its benchmark index (30% MDAX Performance Index, 30% SDAX Performance Index, 30% SMIM Price Index, 10% AUSTRIAN TRADED ATX Index) increased 1.66%. In March, the fund benefited mainly from the positive performance of the highly-weighted real estate sector as well as from the base consumption, utility and oil & gas sector. On the other hand the non-basic consumption, information technology and healthcare sector in particular had a negative impact on the performance. The strongest contributions to the performance came from the Paderborn (Germany) battery system manufacturer Voltabox, the real estate company Deutsche Konsum REIT from Potsdam (Germany) and the Luxembourg real estate investment manager Corestate Capital. However, the Munich (Germany) lighting technology company OSRAM Licht, the Swiss technology company Komax and the German Wacker Chemie Group disappointed. During the month the fund management slightly reduced the weighting of the technology and financial services segments. In return, it increased its exposure slightly in the industrial and household goods sector. The country allocation remained nearly unchanged. Because of these adjustments the equity ratio rose 23 basis points to 96.19%.