Translated material
Stay in the plus when everything is in the minus
Bloomberg spoke about the trader who successfully sells Greek shares
Of the 35 funds that are focused on Greek exchanges, only one in 2015 showed a profit. This is Metlife Alico M & S Domestic Equity. They are controlled by Vasileos Antoniadis, a trader with 20 years of experience. Bloomberg talks about his strategy and about what you should not invest during the crisis.
To begin with, a little statistics. The Antoniadis Foundation has grown by 4.8%from the beginning of the year. The remaining 34 funds focused on Greek shares lost on the same time, on average, 15%, the worst of them - 28%. The ASE stock index lost 18% - this happened against the backdrop of fears that Greece would come out of the eurozone.
Antoniadis himself calls his strategy "very ordinary." He did not invest in banks and in the company from the consumer sector, as he believed that they would become the main victims of the Greek crisis. Antoniadis did not lose: the shares of the banking sector this year in Greece collapsed by 69%, and consumer - by 10%.
“Now there are many [other] companies that can be invested in,” says Antoniadis. “I look at companies that have profit that have growth prospects and through which solid cash flows pass.”
The fixed assets of the Antoniadis Foundation are located in three companies - the Hellenic Exchange Exchange Exchange Operator, the Hellenic Petroleum oil giant and Mytilineos holding specializing in metallurgy and energy. All of them in 2015 are in the plus: Hellenic Petroleum, due to the fact that after five loss quarters, managed to show quarterly income, Hellenic Exchange-due to a large “liquidity pillow” accumulated in the accounts, mytilineos-due to profitability and relatively low debt.
Bloomberg draws attention to the fact that last year Antoniadis was not so successful. In 2014, his fund lost 32% when ASE drops by 29%.
“Greece in the short term will have difficult times due to the restrictions imposed by creditors,” says Antoniadis. “But if the reforms are carried out correctly, in the long run I remain an optimist” (English Yaz).