EN 
SE 
Meriti Ekorren Global share class A rose during May by +2.09 percent in value, and the increase in value since the turn of the year thus amounts to 17.11 percent.
The year's result is +3.5 percentage points stronger than the fund's comparison index, the MSCI World Index in SEK, which during the corresponding period has risen by +13.53 percent.
Since the fund's inception, management has returned +18.82 percent, which is stronger than the fund's benchmark index, which has risen by +15.19 percent.
After setting new price records in mid-May, the trend leveled off as the market's focus shifted towards the central banks' policy signals combined with incoming earnings reports. The major technology companies Apple, Microsoft and
Nvidia reported strong earnings, partly as a result of heavy investments in artificial intelligence and cloud services.
The end of the month was marked by volatility around concerns about the effects of a delayed first interest rate cut by the Federal Reserve and debt ceiling issues in the US. The energy and commodity sectors were affected by sharply fluctuating prices during the month. The oil price was pushed up by geopolitical tensions in the Middle East, and down by increased production from the OPEC countries.
The US Federal Reserve left its key interest rate unchanged at its May policy meeting, signaling continued vigilance. The European Central Bank also kept interest rates unchanged, but signaled a potential tightening at the end of the year if inflation does not ease. The stock market is currently focusing on quarterly reports, economic data and geopolitics. Going forward, the concerns remain persistent inflation, war and disagreement over the US debt ceiling.
At the end of the month, the fund's largest industry exposures were Media, Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment.