What Makes SAP (SAP) an Investment Bet?

Core Insights - Aoris Investment Management's "Aoris International Fund" reported a decline in performance for Q3 2025, with Class A (Unhedged) returning -2.6% and Class C (Hedged) returning -1.0%, compared to benchmark returns of 6.5% and 8.0% respectively [1] Group 1: Market Performance - Global equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, increased by 6.5% in AUD for the September quarter, with local currency gains at 8.0% [1] - Currency fluctuations negatively impacted the AUD return by 1.5% [1] Group 2: Fund Performance - The Aoris International Fund's Class A (Unhedged) and Class C (Hedged) underperformed against their respective benchmarks in Q3 2025 [1] Group 3: Company Focus - SAP SE - SAP SE (NYSE:SAP) is highlighted as a leading enterprise application and business solutions provider, with a one-month return of 3.22% and a 52-week loss of 1.45% [2] - As of December 19, 2025, SAP SE's stock closed at $244.31 per share, with a market capitalization of $285.06 billion [2] - SAP is recognized as the world's leading ERP software company, with 99 of the world's 100 largest customers using its services, and 77% of daily global transactions involving an SAP system [3]