Belgian 20 Index BEL20

BEL20 Top 10: Value Investment Strategy

TOP 10 Value	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. Solvay (XXL, BE) ☀	Diversified Chemicals	97	56	60	78
2. D'Ieteren (L, BE)	Distributors	94	78	59	94
3. Bekaert (L, BE) ☀	Steel	93	33	85	82
4. ENGIE (XXL, FR) ☀	Multi-Utilities	78	15	77	45
5. Belgacom (XXL, BE) ☀	Integrated Telecommunication	68	20	77	67
6. Ageas (XXL, BE)	Multi-line Insurance	68	18	6	16
7. bpost (L, BE) ☀	Air Freight & Logistics	64	4	39	13
8. Umicore (XXL, BE) ☀	Specialty Chemicals	62	78	58	78
9. Anheuser-Busch InBev (XL, BE) ☀	Brewers	56	79	5	33

September 1, 2017. Top 10s are published weekly by Top 10 schedule. (Obermatt Stock Update)

TOP 10 Growth	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. KBC (XXL, BE)	Diversified Banks	26	91	83	17
2. Anheuser-Busch InBev (XL, BE) ☀	Brewers	56	79	5	33
3. D'Ieteren (L, BE)	Distributors	94	78	59	94
4. Umicore (XXL, BE) ☀	Specialty Chemicals	62	78	58	78
5. Telenet (L, BE)	Cable & Satellite	11	68	8	12
6. Solvay (XXL, BE) ☀	Diversified Chemicals	97	56	60	78

September 1, 2017. Top 10s are published weekly by Top 10 schedule. (Obermatt Stock Update)

TOP 10 Safety	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. Bekaert (L, BE) ☀	Steel	93	33	85	82
2. KBC (XXL, BE)	Diversified Banks	26	91	83	17
3. Belgacom (XXL, BE) ☀	Integrated Telecommunication	68	20	77	67
4. ENGIE (XXL, FR) ☀	Multi-Utilities	78	15	77	45
5. Solvay (XXL, BE) ☀	Diversified Chemicals	97	56	60	78
6. D'Ieteren (L, BE)	Distributors	94	78	59	94
7. Umicore (XXL, BE) ☀	Specialty Chemicals	62	78	58	78

September 1, 2017. Top 10s are published weekly by Top 10 schedule. (Obermatt Stock Update)

TOP 10 Combined	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. D'Ieteren (L, BE)	Distributors	94	78	59	94
2. Bekaert (L, BE) ☀	Steel	93	33	85	82
3. Solvay (XXL, BE) ☀	Diversified Chemicals	97	56	60	78
4. Umicore (XXL, BE) ☀	Specialty Chemicals	62	78	58	78
5. Belgacom (XXL, BE) ☀	Integrated Telecommunication	68	20	77	67

September 1, 2017. Top 10s are published weekly by Top 10 schedule. (Obermatt Stock Update)

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 September 1, 2017 (other Top 10 Stocks):

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

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