GBC In­si­der Stra­tegy

Share purcha­ses and dis­po­sals by com­pa­ny in­si­ders, such as exe­cu­ti­ve board mem­bers and su­per­vi­so­ry board mem­bers, of­ten have a si­gnal ef­fect on the share in ques­ti­on.

Se­cu­ri­ties tran­sac­tions by the mem­bers of the exe­cu­ti­ve and su­per­vi­so­ry boards are le­gal as long as such tran­sac­tions com­ply with the Eu­ro­pean Di­rec­ti­ves (MAR), but the­se tran­sac­tions must be re­por­ted to the Fe­de­ral Fi­nan­cial Su­per­vi­so­ry Aut­ho­ri­ty (Bun­des­an­stalt für Fi­nanz­dienst­leis­tungs­auf­sicht, BaFin) on time. The BaFin in turn pu­blishes all so-cal­led Di­rec­tors‘ Dealings. The Augs­burg-ba­sed in­vest­ment house GBC has been ana­ly­zing the­se tran­sac­tions for more than 10 ye­ars and sys­te­ma­ti­cal­ly eva­lua­tes them.

The back­drop of this sys­te­ma­tic in­vest­ment ap­proach is that re­la­ted par­ties, such as ma­nage­ment staff, re­co­gni­ze un­der- or overva­lua­ti­on of the com­pa­ny shares at an ear­ly stage.

This in­si­der stra­tegy has pro­ven its­elf many times sin­ce. Among other things, GBC emer­ged vic­to­rious from the Fo­cus­Mo­ney Mus­ter­de­pot­con­test 2015/2016 with a clear out­per­for­mance. Mo­reo­ver, the GBC In­si­der Fo­cus Wi­ki­fo­lio has also shown ex­cel­lent re­turns sin­ce 2016, which led to the launch of the GBC In­si­der Fo­cus In­dex in Sep­tem­ber 2016.

The stra­tegy has also been ex­ten­si­ve­ly ana­ly­zed and pre­sen­ted in va­rious in­vest­ment pu­bli­ca­ti­ons: