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Market Update 7 April: Optimism in the markets

  • The oil price fell on Monday, reflecting investors' doubts as to whether Saudi Arabia and Russia will reach a supply deal to repair some of the damage to the sector caused by the price war and coronavirus pandemic. However, the optimism in the market on Tuesday is reflected in an increasing oil price. 
  • The S&P 500 and Dow Jones were up 5.6% and 5.7% respectively yesterday.
  • The Oslo Stock Exchange closed up 2.3% on Monday and began the day on Tuesday up over two percent.
  • Denmark's government has announced that they will start to ease coronavirus restrictions after Easter provided that confirmed COVID-19 cases remain stable. They will start by opening kindergartens and primary schools for pupils aged up to 11. The country's borders will remain closed and they will continue to ban gatherings of more than 10 people.

SKAGEN Funds Summary

  • No major changes in the funds.
  • The PMs continue to focus on positioning their portfolios to mitigate the risk of absolute loss, but be ready for an upturn.
  • Focus on companies with strong balance sheets, for example companies with a strong cash position and/or a healthy debt position.
  • All funds continue to stay invested in the market, with a very liquid portfolio.
  • Some of the funds have added hotpots to their portfolio during this volatile period at good prices.
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Les rendements historiques ne constituent pas une garantie pour les rendements futurs. Les rendements futurs dépendront, entre autres, de l'évolution du marché, des compétences du gestionnaire du fonds, du profil de risque du fonds et des frais de gestion. Le rendement peut devenir négatif en raison de l'évolution négative des prix. L'investissement dans les fonds comporte des risques liés aux mouvements du marché, à l'évolution des devises, aux niveaux des taux d'intérêt, aux conditions économiques, sectorielles et spécifiques à l'entreprise. Les fonds sont libellés en NOK. Les rendements peuvent augmenter ou diminuer en raison des fluctuations des devises. Avant d'effectuer une souscription, nous vous encourageons à lire le prospectus du fonds et le document d'information clé pour l'investisseur qui contiennent des détails supplémentaires sur les caractéristiques et les coûts du fonds. Ces informations sont disponibles sur le site www.skagenfunds.fr. Storebrand Asset Management administre les fonds SKAGEN qui sont, par convention, gérés par les gestionnaires de portefeuille de SKAGEN.

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