June return comment
The month of June saw a continuation of the dismantling of the lockdowns that was decided across much of Europe in March. Barring some regional problems in Germany, the opening up has proceeded well during June. Economic data continues to lend support to the conclusion that the worst month in the Covid-19 recession was April 2020.
The positive result development continued in June. The return ended up at + 1,88 percent. When looking at year to date numbers the fund is up by + 3,71 percent and the 12-month rolling return came in at + 6,05 percent.