As every quarter, we discuss one of the shares in the fund in this newsletter. Today we want to highlight the German Fresenius Medical Care. This company is the world’s largest provider of renal dialysis services. In addition, they also produce the equipment required for dialysis.
Biotage, the Swedish manufacturer of laboratory equipment, was once again one of the best-performing stocks in the fund with a price increase of 27% in the past quarter. When reporting the figures for the first half of the year, management was cautious about the consequences of the crisis.