Stern bought Schneider Electric from Obermatt's Top 10 CAC  All Index
Channel: Investing made easy
Date: 2015-07-10

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Obermatt CEO Dr. Hermann J. Stern buys 80 stocks of Schneider Electric (France) for his European stock portfolio using Obermatt's Top 10 list of the French CAC All stock index. 

The rationale: A heat wave in Europe convinced Hermann that it's not a good time to invest in oil & gas. Electricity looks more sustainable right now. The electricity conglomerates Schneider Electric and Legrand are on the current Obermatt Top 10 CAC All list. Hermann added ABB because he knows the Swiss company well. Out of the three electricity leaders, Hermann chose Schneider because it had more exposure to IT than the others, had better Obermatt Ranks than ABB and made a more professional impression than Lagrand on the web site. While Hermann knew ABB the best and was positively biased for it, he still didn't buy it because ABB's compensation system is tilted against growth which may be a problem.

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