After a strong autumn and a positive start to the year, stock markets performed more mixed in February. The MSCI World Index rose by 0.99%, the European STOXX 600 by 3.74%, while the S&P 500 fell by -0.87% and the Swedish OMXS30 rose by 6.48%. This development was supported by continued improvement in economic indicators, stabilised inflation and a reporting season that generally exceeded market expectations. Several Nordic and global companies in electrification and automation, technology, consumption and industry reported increased order intake and good profitability.
At the same time, in February, global leading indicators in industry, such as purchasing managers’ indices and new orders, showed signs that the manufacturing industry is in a phase of expansion after a period of weaker activity. February saw the highest level in several months, reflecting a broader pattern in which more economies are reporting increased production levels and improved business conditions. The fixed income market was characterised by expectations of a gradually more balanced monetary policy, which helped to support risk appetite. Overall, the picture of a gradual improvement in the global economy was reinforced, although developments between sectors and regions remained selective.
As of 27 February 2026, our Nordic fund, NE Strategy, has received the highest rating of 5/5 in Total Return over 3 years, 5 years and overall, as well as in Consistent Return over 10 years and overall, according to Lipper Leaders. As confirmation of our strategy, our Nordic fund, NE Strategy, was named the best Nordic fund in Europe over the past five years by the rating agency Lipper in 2024. In the spring of 2025, the fund was also named the best Nordic fund by Lipper France, based on its performance over a five-year period. These awards reflect our management approach, which focuses on long-term investment in high-quality companies.
The Swedish krona has strengthened over the past year, particularly against the USD, JPY and EUR. This had a negative currency effect for Swedish investors in foreign assets, while at the same time dampening imported inflation.
The current geopolitical situation calls for continued disciplined selection of high-quality companies with long-term competitiveness. We focus on companies with strong balance sheets, sustainable cash flows and a proven ability to translate structural trends into lasting profit growth. It is these types of sustainably profitable companies that are best positioned to generate stable and attractive returns over time.
*The fund’s performance is stated in SEK and shown after dividends and fees. Inflation has not been taken into account. Past performance is no guarantee of future returns. The money invested in the fund can both increase and decrease in value, and there is no guarantee that an investor will recover the amount invested.
