Belgian 20 Index BEL20

BEL20 Top 10: Value Investment Strategy

TOP 10 Value	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. UCB (XL, BE)  Pharmaceuticals
1. UCB (XL, BE)   Pharmaceuticals	100		76		59		100
2. Solvay (XXL, BE) ☀  Diversified Chemicals
2. Solvay (XXL, BE) ☀   Diversified Chemicals	94		40		100		100
3. D'Ieteren (XL, BE)  Distributors
3. D'Ieteren (XL, BE)   Distributors	93		57		62		97
4. Umicore (XXL, BE) ☀  Specialty Chemicals
4. Umicore (XXL, BE) ☀   Specialty Chemicals	86		59		81		98
5. Bekaert (XL, BE) ☀  Steel
5. Bekaert (XL, BE) ☀   Steel	85		93		75		100
6. Ageas (XXL, BE)  Multi-line Insurance
6. Ageas (XXL, BE)   Multi-line Insurance	76		31		41		56
7. Groupe Bruxelles Lambert (XL, BE) ☀  Multi-Sector Holdings
7. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings	70		77		53		85
8. Delta Lloyd (XL, NL)  Life & Health Insurance
8. Delta Lloyd (XL, NL)   Life & Health Insurance	70		2		20		14
9. Ackermans & van Haaren (XL, BE)  Multi-Sector Holdings
9. Ackermans & van Haaren (XL, BE)   Multi-Sector Holdings	69		35		64		61
10. ENGIE (XXL, FR) ☀  Multi-Utilities
10. ENGIE (XXL, FR) ☀   Multi-Utilities	68		12		67		52

August 19, 2016. 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. Bekaert (XL, BE) ☀   Steel
1. Bekaert (XL, BE) ☀   Steel	85		93		75		100
2. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings
2. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings	70		77		53		85
3. UCB (XL, BE)   Pharmaceuticals
3. UCB (XL, BE)   Pharmaceuticals	100		76		59		100
4. Delhaize (XXL, BE)   Food Retail
4. Delhaize (XXL, BE)   Food Retail	68		69		87		85
5. Umicore (XXL, BE) ☀   Specialty Chemicals
5. Umicore (XXL, BE) ☀   Specialty Chemicals	86		59		81		98
6. D'Ieteren (XL, BE)   Distributors
6. D'Ieteren (XL, BE)   Distributors	93		57		62		97
7. Cofinimmo (S, BE)   REITs: Diversified
7. Cofinimmo (S, BE)   REITs: Diversified	13		54		72		46
8. Elia System Operator (L, BE)   Electric Utilities
8. Elia System Operator (L, BE)   Electric Utilities	58		52		14		33
9. Etn. Fr. Colruyt (XL, BE) ☀   Food Retail
9. Etn. Fr. Colruyt (XL, BE) ☀   Food Retail	40		50		57		42

August 19, 2016. 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. Solvay (XXL, BE) ☀   Diversified Chemicals
1. Solvay (XXL, BE) ☀   Diversified Chemicals	94		40		100		100
2. Proximus (XL, BE) ☀   Integrated Telecommunication
2. Proximus (XL, BE) ☀   Integrated Telecommunication	62		18		100		73
3. Delhaize (XXL, BE)   Food Retail
3. Delhaize (XXL, BE)   Food Retail	68		69		87		85
4. Umicore (XXL, BE) ☀   Specialty Chemicals
4. Umicore (XXL, BE) ☀   Specialty Chemicals	86		59		81		98
5. Telenet (L, BE)   Cable & Satellite
5. Telenet (L, BE)   Cable & Satellite	52		29		78		71
6. Bekaert (XL, BE) ☀   Steel
6. Bekaert (XL, BE) ☀   Steel	85		93		75		100
7. Cofinimmo (S, BE)   REITs: Diversified
7. Cofinimmo (S, BE)   REITs: Diversified	13		54		72		46
8. ENGIE (XXL, FR) ☀   Multi-Utilities
8. ENGIE (XXL, FR) ☀   Multi-Utilities	68		12		67		52
9. Ackermans & van Haaren (XL, BE)   Multi-Sector Holdings
9. Ackermans & van Haaren (XL, BE)   Multi-Sector Holdings	69		35		64		61
10. KBC (XL, BE)   Diversified Banks
10. KBC (XL, BE)   Diversified Banks	13		15		64		4

August 19, 2016. 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. Bekaert (XL, BE) ☀   Steel
1. Bekaert (XL, BE) ☀   Steel	85		93		75		100
2. UCB (XL, BE)   Pharmaceuticals
2. UCB (XL, BE)   Pharmaceuticals	100		76		59		100
3. Solvay (XXL, BE) ☀   Diversified Chemicals
3. Solvay (XXL, BE) ☀   Diversified Chemicals	94		40		100		100
4. Umicore (XXL, BE) ☀   Specialty Chemicals
4. Umicore (XXL, BE) ☀   Specialty Chemicals	86		59		81		98
5. D'Ieteren (XL, BE)   Distributors
5. D'Ieteren (XL, BE)   Distributors	93		57		62		97
6. Delhaize (XXL, BE)   Food Retail
6. Delhaize (XXL, BE)   Food Retail	68		69		87		85
7. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings
7. Groupe Bruxelles Lambert (XL, BE) ☀   Multi-Sector Holdings	70		77		53		85
8. Proximus (XL, BE) ☀   Integrated Telecommunication
8. Proximus (XL, BE) ☀   Integrated Telecommunication	62		18		100		73
9. Telenet (L, BE)   Cable & Satellite
9. Telenet (L, BE)   Cable & Satellite	52		29		78		71
10. Ackermans & van Haaren (XL, BE)   Multi-Sector Holdings
10. Ackermans & van Haaren (XL, BE)   Multi-Sector Holdings	69		35		64		61

August 19, 2016. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

☀ This company has a special achievement which is documented on its stock research page.

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 August 19, 2016.