The fund blog: October 2017
Ambitious goals from Loomis
Confectionary company Cloetta has delivered some disappointments lately. The bright spots are in very different sectors. Carnegie Småbolagsfond rose 1.4 percent in September, a month characterised by strong macro statistics....
Fission fever
Autoliv is demerging into two, as is Atlas Copco. Is Volvo next? There are plenty of indications. A three-month slide abruptly reversed, and the Stockholm exchange rose sharply in one...
Diamond sale strengthens Lucara
The South African market fell in September, mainly due to a slide in interest-rate-sensitive stocks. The banking sector was particularly hit, and this impacted the fund. The rand has weakened...
Excessive slides for our construction stocks
There is a clear risk of a correction in the Swedish housing market. We therefore prefer companies with operations abroad and in infrastructure. After relatively weak summer months for the...
Sounding like a broken record?
September was another eventful month in terms of geopolitical tensions, although these had little or no implication for the financial markets. The focus remains on central banks. US long-term interest...
Geopolitical concerns are not a worry
The US central bank is entering a new phase and will start to slim its balance sheet in October. This will take place gradually, and the Fed will initially allow...
Scares from North Korea and higher oil prices
The Asian markets initially rose in September and then fall back to close the month unchanged. The fund rose 2.4 percent this month due to a stronger dollar. Asia has...
Prime minister Modi slips the clutch
The Indian market moved sideways in September and funds were essentially unchanged. India is one of the best stock markets so far this year, with a gain of 18 percent,...
Higher Russian dividends
Oil prices strengthened significantly in September. Hurricanes in the United States and increased confidence that OPEC’s production limits are actually working led to greater buoyancy in oil markets. In dollars...
Excessive slides for our construction stocks
There is a clear risk of a correction in the Swedish housing market. We therefore prefer companies with operations abroad and in infrastructure. After relatively weak summer months for the...