EN 
SE 
Meriti Ekorren Global share class A increased in value by +1.89 percent during September, and the fund's value increase since the turn of the year amounts to 18.0 percent. Since the fund's start on December 4, 2023, the increase in value amounts to 19.7 percent.
September was marked by central banks. A reduced inflationary pressure means room to lower key interest rates. The Federal Reserve lowered the US key interest rate by 0.50 percentage points and in Europe both the ECB and the Riksbank lowered it by 0.25 percentage points. The common denominator was the central banks' implied message that more rate cuts are to be expected in 2024, subject to "incoming data".
After a weak start, the stock markets strengthened. The clear winner of the month was China, where the stock markets surged as much as +20 percent in the course of just over a week after the central bank flagged major fiscal stimulus measures, including lowered lending rates. The USA also developed strongly and the S&P 500 Index rose by +2.14 percent. Negative developments were to be found in Europe, where the S&P Europe 350 Index fell by -0.36 percent, as well as in Japan, where the S&P/TOPIX 150 Index fell by -2.25 percent.
The month's largest increase at sector level has occurred in the Software & Services, Media & Entertainment and Retailing industries. Correspondingly, has the largest reduction
happened to the industries Utilities, Technology Hardware & Equipment and Automobiles & Components