October return comment
The Covid pandemic continued to cast its shadow over financial markets in October, underscored by the fact that President Trump fell ill in the first week of the month. The election campaign was back on track already the following week when the President returned to it after a speedy recovery. Fixed income markets traded mostly sideways, with somewhat lower rates in Europe and the opposite in the US where rates rose on the margin. The stable result development continued in October. The return ended up at +0,41 percent. When looking at year to date numbers the fund is up by +8,03 percent and the 12-month rolling return came in at +9,35 percent.
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