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Meriti Ekorren Global share class B rose by +4.55 percent during June and during the year the fund has thus fallen by -2.31 percent. Since the fund's launch on December 4, 2023, the value increase amounts to +30.4 percent, a result that is +8.5 percentage points stronger than the fund's benchmark index.
The second quarter of the year was marked by significant uncertainty and volatility in financial markets as investors grappled with uncertainty surrounding trade tariffs and the war in the Middle East. Investors’ worst fears ultimately proved unfounded, and in the absence of any clear weakening in hard data, most major asset classes delivered positive returns during the quarter. Reduced volatility also contributes to increased capital flows and a generally improved sentiment.
However, there are still plenty of macroeconomic uncertainties that could affect the markets. Tensions between Israel and Iran remain high following the ceasefire announced last week, coupled with uncertainty surrounding US tariffs.
For the fund, the month's largest increase at sector level has been in the Insurance, Food Beverage & Tobacco and Capital Goods sectors. Correspondingly, the largest decrease has been in the Energy, Technology Hardware & Equipment and Transportation sectors.