August return comment
The month of August delivered a continuation of the risk on sentiment in financial markets. This development occurred despite a rise in the number of virus infected people across much of Europe. The reason for this optimism can likely be found in the fact that this rise mainly took place among younger adults with a milder infection cycle, but also with the fact that renewed shutdowns of the economies were not discussed. Rising equity markets and higher yields on longer dated bonds followed.
The positive result development continued in August. The return ended up at +2,36 percent. When looking at year to date numbers the fund is up by +7,22 percent and the 12-month rolling return came in at +10,23 percent.
If you are interested in further comments in English, please contact Thomas Pohjanen +46 8 599 295 11 or firstname.lastname@example.org