Here’s Why ING Groep N.V. (ING) Became One of Artisan International’s Top Contributors

Artisan Partners, a high value-added investment management firm, published its ‘Artisan International Value Fund’ first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 8.35% was recorded by its Investor Class: ARTMX, 8.36% by its Advisor Class: APDMX, and 8.40% by its Institutional Class: APHMX for the fourth quarter of 2020, all outperforming the MSCI EAFE Index that delivered a 3.48% return and the MSCI All Country World ex USA Index that was up by 3.49% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Artisan International Value Fund, in its Q1 2021 investor letter, mentioned ING Groep N.V. (NYSE: ING), and shared their insights on the company. ING Groep N.V. is an Amsterdam, Netherlands-based financial services company that currently has a $51.1 billion market capitalization. Since the beginning of the year, ING delivered a 41.10% return, extending its 12-month gains to 129.26%. As of May 17, 2021, the stock closed at $13.32 per share.

Here is what Artisan International Value Fund has to say about ING Groep N.V. in its Q1 2021 investor letter:

ING is a multinational bank based in the Netherlands. It operates across Europe, with its largest economic exposures in the Benelux and Germany. The stock began 2021 with an extraordinarily cheap valuation as investors fretted about potential credit losses from the pandemic. Fortunately, ING is very well-capitalized and growing modestly. General economic optimism due to the rollout of vaccines led bank stocks to rally. It’s common for high-quality companies, like ING, to lead a sector rally, and the stock was up almost 38% in euros in the first quarter. The stock currently trades well below tangible book value and remains meaningfully undervalued.”


Our calculations show that ING Groep N.V. (NYSE: ING) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, ING Groep N.V. was in 9 hedge fund portfolios. ING delivered a 32.14% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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Disclosure: None. This article is originally published at Insider Monkey.