September return comment
The Covid pandemic continued to cast its shadow over financial markets in September, together with increased political uncertainty in the US. Republicans and Democrats failed to agree an extension to the support package that expired during the summer. Profit taking in large tech equity contributed to an uneven month for US stocks and fixed income markets saw slightly lower yields. In FX we had weaker Swedish and Norwegian Krona which is in line with a weaker risk sentiment. The stable result development continued in September. The return ended up at +0,34 percent. When looking at year to date numbers the fund is up by +7,59 percent and the 12-month rolling return came in at +10,23 percent.
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