On Thursday morning, our portfolio manager, partner, and CEO Alexander Jansson appeared on DiTV’s Börsmorgon to discuss current market valuations and how the market might develop following Nvidia’s much-talked-about earnings report the night before. In the studio, he...
The chart shows the drawdown of MSCI USA Mid Cap Net relative to MSCI USA Large Cap Net (by and large, the Magnificent 7). Never before (with data since 1994) has MSCI USA Mid Cap Net experienced such a prolonged period of underperformance versus MSCI USA Large Cap...
The first chart below shows the drawdown of MSCI Europe Quality Net relative to MSCI Europe Net. Never before has Quality (stocks with low leverage, stable earnings and high profitability) underperformed to this extent. The second chart shows the rolling five-year...
This morning, our portfolio manager, CEO and partner Alexander Jansson joined Dagens Industri’s Börsmorgon to discuss value versus growth. He shared his views on what is once again favoring growth companies and also highlighted two cases: the UK-based serial acquirer...
Below are the historical S&P 500 drawdowns in USD that we believe, technically, are the most similar to the current decline, based on data since 1950. The red line in each chart represents the current drawdown, which as of the close on April 4, stands at -17.4%....
As outlined in our latest newsletter, we initiated a significant shift in the profile of the funds in February. This process continued throughout March and is now nearly complete. During February and March, we reallocated approximately 55% of each portfolio, resulting...
