Belgian holding company Groupe Bruxelles Lambert invests in European industry leaders with two key strategies in place. First, its companies must be engaged in markets expected to have long-term tailwinds. Second, they must have a stated commitment to grow sustainably based on clearly defined ESG principles. Founded in 1902 by the Lambert family, GBL merged with Banque de Bruxelles in 1975.
In recent years, the firm has worked to grow beyond its identity as a European investor into a global investor with a focus on the digitization of the world economy. As an active, long-term investor GBL encourages its companies to embrace long-term trends, recently for instance, Adidas’ digital transformation and Umicore’s expansion in the electric vehicle market. Other companies owned by GBL include Pernod Ricard, Ontex and Total, to name a few. In 2020, GBL carried out a diagnosis of each of its companies’ risk related to the climate transition, challenging each to build new advance strategies for sustainable growth. In December, GBL announced it would acquire German-based Canyon bicycles.
As of 12/31/20, Pernod Ricard was held and Groupe Bruxelles Lambert, Adidas, Umicore, Ontex and Total were not held in the Knowledge Leaders Strategy.
Canyon Podbike concept vehicle, credit: Canyon Bicycles
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The launch date of the Knowledge Leaders Knowledge Leaders Developed World Index (Bloomberg ticker KNLGX is 7/1/14 and the base date of the index calculation is 3/31/2000. The launch date of the Knowledge Leaders Emerging Markets Index (Bloomberg ticker KNLGEX) is 9/2/14 and the base date of the index calculation is 4/1/2005. The launch date of the Knowledge Leaders International Index (Bloomberg ticker KNLGINX) is 8/15/16 and the base date of the index calculation is 3/31/2000. The launch date of the Knowledge Leaders United States Index (Bloomberg ticker KNLGUSX) is 8/15/16 and the base date of the index calculation is 3/31/2000. The launch date of the Knowledge Leaders Developed World ADR Index (Bloomberg ticker KNLGAX) is 9/13/16 and the base date of the index calculation is 3/31/2000. The launch date of the Knowledge Leaders International ADR Index (Bloomberg ticker KNLGINAX) is 8/30/16 and the base date of the index calculation is 3/31/2000.
The returns of the Index prior to the launch date are based on applying the rules in effect as of the launch date retroactively to historical periods to and including the base date. Results are not based on an Index that was maintained in real time. The pre-inception performance results of the Index are hypothetical returns which have been compiled by Knowledge Leaders Capital. The performance results are based upon a hypothetical model. Hypothetical performance results may have inherent limitations, some of which are described below. No representation is being made that any account did or was likely to achieve profits or losses similar to those shown. One of the limitations of hypothetical performance results is that they are prepared with the benefit of hindsight. There are numerous other factors related to the markets in general or to the implementation of any specific trading strategy which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. These returns should not be considered as indicative of the skills of the investment adviser.To obtain additional index methodology and constituent components, please visit KnowledgeLeadersCapital.com.
Companies are selected for “Spotlights” based on high levels of innovation activities in their industries and illustrate innovation being employed across all sectors and geographies. Spotlight selection is separate from stock selection by the investment team. Spotlights are not necessarily representative of investment opportunities and can be selected regardless of investment performance.
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