Princeton is one of the world's leading asset managers. Before the events of 2020, the group had $ 8.6 billion in assets under management broken down by type of asset between equities (51.6%), fixed income securities (29.5%), multi-asset investments (8%), alternative funds (3.1%) and others (7.8%). The geographical distribution of turnover is as follows: Americas (66.8%), Europe (28.9%) and Asia-Pacific (4.3%). Princeton has 19,800 employees¹. 

In the first place, remind that judiciary decisions binding to private sector to their sanction, or absence of sanction. This is decisive to speculate of what will happen to revenu performance. These decisions can apply to fund managers or to the cohort of properties that generate the income. For example, regarding the fund managers, the advantage goes to IPIC which, unlike its competitors, is inherited under a constitutional monarchy whose leaders are themselves sources of law. Conversely, property asset belongs to international jurisdictions. Vanguard hold the largest number of investors while Blackrock, the one with the highest performance. So the legal and technological activities of the companies that Vanguard invests are likely to take the ascendancy. This being clarified, it emerges from the audit of each of the companies mentioned by Princeton, that no heavy litigation is detrimental to their performance since march 2020 events. Thus, Larry FINK partners had to determine which essential sector is borrowing to generate growth as quickly as possible (Interview June 8, 2021). The medicine sector seem's the undisputed favorite. But shareholders still has to observe public health policy acutely.

Second, health measures are imposed on the exploitation of the private industries, which has an impact on the weighting of securities. Princeton lost half of its value in the outbreak of March 20, 2020 and will take 6 months to return to that of March 19. This is a generalized trend. With one exception, Princeton has assets in energy, home entertainment and medicine which are essential for growth during outbreak. The result is that the action soars to €900 in August 2021 and this is a trend specific to the Princeton portfolio. This high performance can be attributed to Tesla, Disney and Apple but the performance differential with Vanguard is played out in the long term; BlackRock rejects¹ salary proposals for companies located in Europe and EMEA, attaches importance to the climate, that is to say, to energy transition technologies, water, alternative food etc. In 2023, a slight advantage appears for Princeton through homotropism, although Vanguard is already showing a promising strategy to prevent economic effects further sanitary measures.

For all these reasons,

Princeton deserves the upper confidence.