Belgian 20 Index BEL20

BEL20 Top 10: Value Investment Strategy

TOP 10 Value	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Ageas (XXL, BE)  Multi-line Insurance
1. Ageas (XXL, BE)   Multi-line Insurance	98		89		62		100
2. Solvay (XXL, BE) ☀  Diversified Chemicals
2. Solvay (XXL, BE) ☀   Diversified Chemicals	96		94		77		100
3. ENGIE (XXL, FR) ☀  Multi-Utilities
3. ENGIE (XXL, FR) ☀   Multi-Utilities	95		15		77		90
4. UCB (XL, BE)  Pharmaceuticals
4. UCB (XL, BE)   Pharmaceuticals	91		43		54		79
5. Delhaize (XXL, BE)  Food Retail
5. Delhaize (XXL, BE)   Food Retail	89		11		55		79
6. Bekaert (XL, BE) ☀  Steel
6. Bekaert (XL, BE) ☀   Steel	85		19		64		74
7. Elia System Operator (L, BE)  Electric Utilities
7. Elia System Operator (L, BE)   Electric Utilities	83		57		49		78
8. Groupe Bruxelles Lambert (XL, BE) ☀  Multi-Sector Holdings
8. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings	81		81		100		100
9. D'Ieteren (XL, BE)  Distributors
9. D'Ieteren (XL, BE)   Distributors	79		3		73		80
10. Umicore (XXL, BE) ☀  Specialty Chemicals
10. Umicore (XXL, BE) ☀   Specialty Chemicals	76		59		98		90

January 1, 2013. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

BEL20 Top 10: Growth Investment Strategy

TOP 10 Growth	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Solvay (XXL, BE) ☀   Diversified Chemicals
1. Solvay (XXL, BE) ☀   Diversified Chemicals	96		94		77		100
2. Ageas (XXL, BE)   Multi-line Insurance
2. Ageas (XXL, BE)   Multi-line Insurance	98		89		62		100
3. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings
3. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings	81		81		100		100
4. Anheuser-Busch InBev (XXL, BE) ☀   Brewers
4. Anheuser-Busch InBev (XXL, BE) ☀   Brewers	76		78		46		73
5. Umicore (XXL, BE) ☀   Specialty Chemicals
5. Umicore (XXL, BE) ☀   Specialty Chemicals	76		59		98		90
6. Elia System Operator (L, BE)   Electric Utilities
6. Elia System Operator (L, BE)   Electric Utilities	83		57		49		78
7. Etn. Fr. Colruyt (XL, BE) ☀   Food Retail
7. Etn. Fr. Colruyt (XL, BE) ☀   Food Retail	58		53		56		50
8. UCB (XL, BE)   Pharmaceuticals
8. UCB (XL, BE)   Pharmaceuticals	91		43		54		79
9. Ackermans & van Haaren (XL, BE)   Multi-Sector Holdings
9. Ackermans & van Haaren (XL, BE)   Multi-Sector Holdings	50		31		9		17
10. Proximus (XL, BE) ☀   Integrated Telecommunication
10. Proximus (XL, BE) ☀   Integrated Telecommunication	71		19		95		89

January 1, 2013. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

BEL20 Top 10: Safety Investment Strategy

TOP 10 Safety	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings
1. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings	81		81		100		100
2. Umicore (XXL, BE) ☀   Specialty Chemicals
2. Umicore (XXL, BE) ☀   Specialty Chemicals	76		59		98		90
3. Proximus (XL, BE) ☀   Integrated Telecommunication
3. Proximus (XL, BE) ☀   Integrated Telecommunication	71		19		95		89
4. Solvay (XXL, BE) ☀   Diversified Chemicals
4. Solvay (XXL, BE) ☀   Diversified Chemicals	96		94		77		100
5. ENGIE (XXL, FR) ☀   Multi-Utilities
5. ENGIE (XXL, FR) ☀   Multi-Utilities	95		15		77		90
6. D'Ieteren (XL, BE)   Distributors
6. D'Ieteren (XL, BE)   Distributors	79		3		73		80
7. Bekaert (XL, BE) ☀   Steel
7. Bekaert (XL, BE) ☀   Steel	85		19		64		74
8. Ageas (XXL, BE)   Multi-line Insurance
8. Ageas (XXL, BE)   Multi-line Insurance	98		89		62		100
9. Etn. Fr. Colruyt (XL, BE) ☀   Food Retail
9. Etn. Fr. Colruyt (XL, BE) ☀   Food Retail	58		53		56		50
10. Delhaize (XXL, BE)   Food Retail
10. Delhaize (XXL, BE)   Food Retail	89		11		55		79

January 1, 2013. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

BEL20 Top 10: Combined Investment Strategy

TOP 10 Combined	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Solvay (XXL, BE) ☀   Diversified Chemicals
1. Solvay (XXL, BE) ☀   Diversified Chemicals	96		94		77		100
2. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings
2. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings	81		81		100		100
3. Ageas (XXL, BE)   Multi-line Insurance
3. Ageas (XXL, BE)   Multi-line Insurance	98		89		62		100
4. Umicore (XXL, BE) ☀   Specialty Chemicals
4. Umicore (XXL, BE) ☀   Specialty Chemicals	76		59		98		90
5. ENGIE (XXL, FR) ☀   Multi-Utilities
5. ENGIE (XXL, FR) ☀   Multi-Utilities	95		15		77		90
6. Proximus (XL, BE) ☀   Integrated Telecommunication
6. Proximus (XL, BE) ☀   Integrated Telecommunication	71		19		95		89
7. D'Ieteren (XL, BE)   Distributors
7. D'Ieteren (XL, BE)   Distributors	79		3		73		80
8. UCB (XL, BE)   Pharmaceuticals
8. UCB (XL, BE)   Pharmaceuticals	91		43		54		79
9. Delhaize (XXL, BE)   Food Retail
9. Delhaize (XXL, BE)   Food Retail	89		11		55		79
10. Elia System Operator (L, BE)   Electric Utilities
10. Elia System Operator (L, BE)   Electric Utilities	83		57		49		78

January 1, 2013. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

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Top 10 lists may contain fewer than 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely finance fact-based Obermatt Method for the investment strategies Value, Growth and Safety in the stock index Belgian 20 Index BEL20 from January 1, 2013.