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Meriti Ekorren Global share class A rose by +1.04 percent in value during June, and the increase in value since the turn of the year thus amounts to 18.33 percent. The year's result is +0.7 percentage points stronger than the fund's comparison index, the MSCI World Index in SEK, which during the corresponding period has risen by +17.63 percent.
Since the fund's inception, the strategy has returned +20.06 percent, which is stronger than the fund's benchmark index, which has risen by +18.32 percent.
Global equity markets showed a positive rebound in June 2024, but regional differences were wide. The broad European stock index S&P Europe 350 Index (EUR) fell in value by -0.98 percent during the month. Stronger developments were to be found in the USA, where the S&P 500 Index rose by +3.59 percent, and in Japan, where the S&P Japan 500 Index (JPY) rose by +1.36 percent. In all regions, the companies within Information Technology developed the best.
Strong growth in the technology sector, unevenly distributed economic growth and the central banks' upcoming policy rate cuts are among the macro factors that were of particular importance during June. The market's long-term development will likely be determined by the reporting period in the second half of July, with the second quarter's results beginning to be published then. Interest rate trends are still expected to play an important role, with the US ten-year interest rate as an important benchmark.
At the end of the month, the fund's largest industry exposures were Media, Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment.