Historie
In onderstaande tabel vindt u de weekslotkoersen van de EfA-groei index en de AEX-index. De
kolom 'Spread' is het verschil tussen beide. Is de spread groen (positief), dan doet EfA
het beter, is de spread rood (negatief) dan doet de AEX het beter.
Door de onderweging in de cyclische en technologiesector deed EfA het veel slechter dan de AEX.
Na een outperformance van de AEX t.o.v. EfA van 30%, oftewel een negatieve spread van 150
punten maximaal sinds februari 1998, loopt de spread nu weer flink terug tot 68 negatief.
EfA doet het nu weer iets beter, want de groeifondsen waarmee de EfA portefeuille is
samengesteld worden weer wat beter gewaardeerd door de beleggers.
Waarom deden de technologie en cyclische fondsen het de laatste twee jaar zo goed?
1. De recente stijging van de rente maakt groeifondsen minder aantrekkelijk. Groeiaandelen
hebben een redelijk voorspelbare winst en daardoor een een obligatieachtig karakter. Bij
stijging van de rente doen deze fondsen het minder goed dan de cyclische.
2. Een stijging van de rente betekent dat de economie aantrekt. Dit is gunstig voor de
cyclische fondsen die door meer te produceren meer winst kunnen maken.
| Datum | EfA index | AEX index | Spread |
| 29/09/2000 | 593.54 | 661.52 | -67.98 |
| 22/09/2000 | 580.58 | 652.96 | -72.38 |
| 15/09/2000 | 595.95 | 676.42 | -80.47 |
| 08/09/2000 | 602.16 | 686.48 | -84.32 |
| 01/09/2000 | 613.80 | 695.18 | -81.38 |
| 25/08/2000 | 606.60 | 691.35 | -84.75 |
| 18/08/2000 | 608.18 | 693.75 | -85.57 |
| 11/08/2000 | g.g. | 684.00 | g.g. |
| 04/08/2000 | g.g. | 673.45 | g.g. |
| 28/07/2000 | 591.17 | 663.72 | -72.55 |
| 21/07/2000 | 599.62 | 678.97 | -79.35 |
| 14/07/2000 | 598.14 | 687.36 | -89.22 |
| 07/07/2000 | 575.85 | 674.98 | -99.13 |
| 30/06/2000 | 580.91 | 672.14 | -91.23 |
| 23/06/2000 | 581.74 | 682.72 | -100.98 |
| 16/06/2000 | 574.72 | 682.45 | -107.73 |
| 09/06/2000 | 576.45 | 673.95 | -97.50 |
| 02/06/2000 | 578.75 | 677.94 | -99.19 |
| 26/05/2000 | 560.62 | 646.11 | -85.49 |
| 19/05/2000 | 566.90 | 652.45 | -85.55 |
| 12/05/2000 | 569.32 | 668.24 | -98.92 |
| 05/05/2000 | 564.32 | 670.26 | -105.94 |
| 28/04/2000 | 556.67 | 661.38 | -104.71 |
| 21/04/2000 | 550.55 | 657.96 | -107.41 |
| 14/04/2000 | 543.45 | 650.73 | -107.28 |
| 07/04/2000 | 556.42 | 671.46 | -115.04 |
| 31/03/2000 | 550.42 | 662.29 | -111.87 |
| 24/03/2000 | 561.47 | 684.23 | -122.76 |
| 17/03/2000 | 547.58 | 672.13 | -124.55 |
| 10/03/2000 | 546.59 | 675.03 | -128.44 |
| 03/03/2000 | 557.72 | 679.79 | -122.25 |
| 25/02/2000 | 548.78 | 661.99 | -113.21 |
| 18/02/2000 | 551.11 | 655.17 | -104.06 |
| 11/02/2000 | 533.55 | 662.68 | -129.13 |
| 04/02/2000 | 510.12 | 660.95 | -150.83 |
| 28/01/2000 | 514.63 | 632.46 | -117.83 |
| 21/01/2000 | 513.97 | 641.47 | -127.50 |
| 14/01/2000 | 542.25 | 655.60 | -113.35 |
| 07/01/2000 | 528.62 | 644.86 | -116.24 |
| 31/12/1999 | 550.95 | 671.41 | -120.46 |
| 24/12/1999 | 537.42 | 660.43 | -123.01 |
| 17/12/1999 | 516.02 | 634.72 | -118.70 |
| 10/12/1999 | 525.90 | 619.35 | -93.45 |
| 03/12/1999 | 522.91 | 617.51 | -94.60 |
| 26/11/1999 | 513.92 | 610.01 | -96.09 |
| 19/11/1999 | 515.70 | 607.10 | -91.40 |
| 12/11/1999 | 502.27 | 589.87 | -87.60 |
| 05/11/1999 | 495.02 | 582.93 | -87.91 |
| 29/10/1999 | 488.95 | 571.82 | -82.87 |
| 22/10/1999 | 475.79 | 549.27 | -73.48 |
| 15/10/1999 | 481.53 | 537.97 | -56.44 |
| 08/10/1999 | 496.95 | 554.84 | -57.89 |
| 01/10/1999 | 490.80 | 539.08 | -48.28 |
| 24/09/1999 | 500.41 | 554.33 | -53.92 |
| 17/09/1999 | 511.62 | 572.12 | -60.50 |
| 10/09/1999 | 522.67 | 591.67 | -69.00 |
| 03/09/1999 | 512.47 | 578.63 | -66.16 |
| 27/08/1999 | 510.67 | 584.89 | -74.22 |
| 20/08/1999 | 498.28 | 564.54 | -66.26 |
| 13/08/1999 | g.g. | 541.85 | g.g. |
| 06/08/1999 | g.g. | 529.02 | g.g. |
| 30/07/1999 | 482.31 | 552.77 | -70.46 |
| 23/07/1999 | 488.21 | 556.43 | -68.22 |
| 16/07/1999 | 502.53 | 588.63 | -86.10 |
| 09/07/1999 | 496.81 | 586.89 | -90.08 |
| 02/07/1999 | 494.86 | 572.02 | -77.16 |
| 25/06/1999 | 488.18 | 561.65 | -73.47 |
| 18/06/1999 | 501.80 | 576.03 | -74.23 |
| 11/06/1999 | 501.97 | 567.44 | -65.47 |
| 04/06/1999 | 498.50 | 566.53 | -68.03 |
| 28/05/1999 | 494.17 | 552.38 | -58.21 |
| 21/05/1999 | 504.27 | 567.17 | -62.90 |
| 14/05/1999 | 493.00 | 552.15 | -59.15 |
| 07/05/1999 | 507.61 | 565.94 | -58.33 |
| 29/04/1999 | 522.16 | 573.52 | -51.36 |
| 23/04/1999 | 510.73 | 561.23 | -50.50 |
| 16/04/1999 | 501.44 | 548.44 | -47.00 |
| 09/04/1999 | 495.48 | 537.73 | -42.25 |
| 01/04/1999 | 490.40 | 533.63 | -43.23 |
| 26/03/1999 | 481.55 | 525.56 | -44.01 |
| 19/03/1999 | 502.02 | 547.17 | -45.15 |
| 12/03/1999 | 498.86 | 533.02 | -34.16 |
| 05/03/1999 | 491.92 | 529.54 | -37.62 |
| 26/02/1999 | 514.68 | 536.12 | -21.44 |
| 19/02/1999 | 502.55 | 517.63 | -15.08 |
| 12/02/1999 | 508.09 | 523.33 | -15.24 |
| 05/02/1999 | 532.67 | 534.36 | -1.69 |
| 29/01/1999 | 540.29 | 532.09 | 8.20 |
| 22/01/1999 | 519.70 | 518.73 | 0.97 |
| 15/01/1999 | 527.11 | 528.57 | -1.46 |
| 08/01/1999 | 548.90 | 559.27 | -11.71 |
| 30/12/1998 | 543.66 | 538.36 | 5.30 |
| 24/12/1998 | 535.09 | 534.83 | 0.26 |
| 18/12/1998 | 513.77 | 507.27 | 6.50 |
| 11/12/1998 | 489.91 | 486.09 | 3.82 |
| 04/12/1998 | 485.20 | 484.58 | 0.62 |
| 27/11/1998 | 516.95 | 515.32 | 1.63 |
| 20/11/1998 | 503.11 | 503.62 | -0.51 |
| 13/11/1998 | 480.63 | 468.92 | 11.71 |
| 06/11/1998 | 497.10 | 479.79 | 17.31 |
| 30/10/1998 | 460.82 | 450.68 | 10.14 |
| 23/10/1998 | 449.94 | 436.92 | 13.02 |
| 16/10/1998 | 435.56 | 432.33 | 3.23 |
| 09/10/1998 | 380.89 | 386.22 | -5.33 |
| 02/10/1998 | 401.47 | 385.08 | 16.39 |
| 25/09/1998 | 433.24 | 430.10 | 3.14 |
| 18/09/1998 | 455.44 | 435.44 | 20.00 |
| 11/09/1998 | 479.38 | 458.51 | 20.87 |
| 04/09/1998 | 491.69 | 486.77 | 4.92 |
| 28/08/1998 | 504.00 | 496.17 | 7.83 |
| 21/08/1998 | 508.81 | 523.90 | -15.09 |
| 14/08/1998 | 513.62 | 524.01 | -10.39 |
| 07/08/1998 | 533.04 | 535.19 | -2.15 |
| 31/07/1998 | 552.46 | 557.85 | -5.39 |
| 24/07/1998 | 557.66 | 577.23 | -19.57 |
| 17/07/1998 | 562.86 | 589.01 | -26.15 |
| 10/07/1998 | 543.68 | 566.53 | -22.85 |
| 03/07/1998 | 544.94 | 564.16 | -19.22 |
| 26/06/1998 | 521.69 | 536.51 | -14.82 |
| 19/06/1998 | 505.81 | 523.26 | -17.45 |
| 12/06/1998 | 518.32 | 532.01 | -13.69 |
| 05/06/1998 | 516.85 | 545.95 | -29.10 |
| 29/05/1998 | 518.45 | 543.86 | -25.41 |
| 22/05/1998 | 522.16 | 542.00 | -19.84 |
| 15/05/1998 | 505.07 | 530.37 | -25.30 |
| 08/05/1998 | 502.12 | 528.19 | -26.07 |
| 01/05/1998 | 509.87 | 539.01 | -29.14 |
| 24/04/1998 | 513.47 | 529.45 | -15.98 |
| 17/04/1998 | 519.39 | 527.19 | -7.80 |
| 09/04/1998 | 522.66 | 530.41 | -7.75 |
| 03/04/1998 | 514.94 | 527.35 | -12.41 |
| 27/03/1998 | 512.50 | 517.69 | -5.19 |
| 20/03/1998 | 504.88 | 508.68 | -3.80 |
| 13/03/1998 | 496.69 | 503.14 | -6.45 |
| 06/03/1998 | 487.99 | 494.12 | -6.13 |
| 27/02/1998 | 477.93 | 485.70 | -7.76 |
| 20/02/1998 | 462.75 | 462.75 | 0.00 |