BIT Capital is Europe’s best fund manager 2021
• The €377m fund returned 52 percent in the first quarter of 2021
• A fifth consecutive quarter of double-digit returns
• One of the best-selling funds in Germany
Berlin/Hongkong, April 20, 2021 – BIT Capital continues its success story. After the record year 2020, the Berlin-based company is again at the top of the European fund comparison in the first three months of the new year.
Experts express surprise that a fund focused on technology stocks delivered the best performance: “The best-performing European-domiciled fund is the Global Internet Leaders fund managed by Jan Beckers. This comes as a surprise as it’s full of tech stocks and the sector was one of the laggards of Q1.”
As Head of Cross Border Investment Research at Citywire, Nisha Long conducted the research and has words of praise for Jan Beckers: “However, Beckers has been a mainstay of top performers throughout 2020, as he was the best performer over H1 2020 and the whole calendar year, as he was one of only two funds to produce double-digit returns in each quarter of 2020.”
Global Internet Leaders SICAV (WKN: A2DTZ3) returned 52 percent in the first quarter of 2021. It outperformed the benchmark MSCI World Information Technology index, which ended the first quarter of the year with a 7 percent gain by 45 percentage points. Since its launch in May 2018, the Global Internet Leaders SICAV has generated a net return of 531 percent.
BIT Global Internet Leaders 30 (WKN: A2N812) also secured a place among Europe’s top ten funds with a return of 26.8 percent. With more than 170 percent total return in 2020, it was among the three most successful funds in Europe. Since its launch in January 2019, the fund has achieved a net return of 378 percent.
Fund manager Beckers attributed the return achieved in the first quarter of 2021 to the fund’s success in finding the right investment sectors early on. His investment team bet on fintech stocks at the beginning of the quarter and correctly interpreted the signs of the times: four of the fund’s top five stocks are companies from the sector.
Thanks to its consistently convincing performance, BIT Global Internet Leaders 30 is one of the most popular funds among German investors. In the second half of 2020, it leaped to fifth place among the best-selling funds according to a study by the experts at FONDS professionell**.
In 2020, the volume of assets under management at BIT Capital increased more than tenfold and continued to grow steadily in 2021. “We are pleased with the confidence of our investors, who have recently taken advantage of price fluctuations for further investments into our funds,” says Jan Beckers, founder, and CIO of BIT Capital.
*Peer group: European domiciled funds. Performance of oldest share class of the fund used for analysis. Only funds with assets of more than €100m, as of March 2021, are included in the analysis.
**Note: The list of top products from July 1 to December 31, 2020 was provided by the broker pools BCA, Fonds Finanz, Fondsskonzept, Fondsnet, Jung, DMS & Cie, Komm, Netfonds and WWK and the fund distributors Comdirect and DAB BNP Paribas to the specialist portal FONDS professionell. Those investment funds were determined, which dominated in the past six months, measured by the net inflows.
About BIT Capital
BIT Capital is a fund company focused on technology companies whose equity funds BIT Global Internet Leaders 30 and Global Internet Leaders SICAV were among the two highest-yielding funds in Europe in 2020. BIT Capital’s founder and chief investment officer is Jan Beckers. Jan Beckers is one of Germany’s most active digital entrepreneurs and investors. As a driving force of Berlin’s technology ecosystem, Jan Beckers has co-founded and built over 25 companies – such as Solarisbank, Clark, or Fyber. Jan Beckers was a seed investor in startups like DeliveryHero, GoClio, Brands4Friends, and a pre-IPO investor in Facebook, LinkedIn, and Palantir. In 2014, he was named Entrepreneur of the Year in Germany by EY.
The investment approach of the fund company BIT Capital is shaped by the team’s experience around fund manager Jan Beckers. The team brings together experts from asset management, digital entrepreneurs, software developers, and academics. In addition to fundamental analyses based on financial ratios, alternative data sources can also evaluate dynamic developments of technology companies in real-time. Self-developed algorithms and software solutions are also used to support investment decisions. Currently, BIT Capital manages a total volume of over €1.3b (as of April 2021).
The company is headquartered in Berlin and operates an office in Hong Kong.