November 2021: Volatiliteten ökar dramatiskt

November 2021: Volatility increases dramatically

Volatility in the market has increased dramatically during the autumn and further increased in recent weeks. The Federal Reserve's comments around higher interest rates going forward together with the new covid variant omikron seem to be the main reason for the increased risk in the market. To this can be added inflation concerns and problems with attracting labor in many industries. Technology stocks have been under pressure in recent weeks and gaming/esports stocks have if anything continued to underperform.

However, the underlying demand for games and sports events continues to be good and then we must remember that the comparison figures with last year's covid shutdown period are really tough. Demand for game consoles and gaming PCs continues to be at record highs, which in turn leads to a demand for games. We continue to focus on the large gaming companies in the portfolio.

The fund closed up 4,73% during November and is now up 18,30% YTD.