{"id":19454,"date":"1970-01-01T00:00:00","date_gmt":"1969-12-31T23:00:00","guid":{"rendered":"https:\/\/nordeq.se\/19454\/"},"modified":"2025-04-11T12:49:40","modified_gmt":"2025-04-11T10:49:40","slug":"19454","status":"publish","type":"post","link":"https:\/\/nordeq.se\/en\/19454\/","title":{"rendered":""},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td width=\"580\">\n<table width=\"100%\">\n<tbody>\n<tr>\n<td><strong>Strong stock market and a continued positive economic outlook<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Following a cautious climate in April, May witnessed positive developments across many of the world&#8217;s stock markets. All Nordic stock markets experienced upward movements, while U.S. indices, the S&amp;P 500 and Nasdaq, rose by 5% and 6% respectively, significantly driven by technology companies. This positive trend is largely attributed to the anticipated interest rate cuts and a generally more optimistic economic outlook. After the Swedish Riksbank cut its interest rate in May, the ECB followed last week, with the U.S. likely to implement a cut later. However, the strong performance of the U.S. economy is anticipated to bolster corporate profits, counterbalancing the effects.<\/p>\n<p>&nbsp;<\/p>\n<p>Several of our portfolio companies reported strong monthly figures. In Finland, our holding in <strong>W\u00e4rtsil\u00e4 <\/strong>increased by nearly 12%, making a substantial contribution to the Nordic fund both monthly and annually. The company has released two promising quarterly reports this year, with the latest report highlighting higher-than-expected order intake and significant contributions from the marine segment. Our new holding in <strong>Mycronic<\/strong>, included in NE Strategy, also delivered strong monthly returns. Mycronic manufactures advanced systems for creating precise patterns necessary for semiconductor chip production and is considered a potential beneficiary of AI advancements. The company has shown solid growth since the beginning of the year.<\/p>\n<p>&nbsp;<\/p>\n<p>Globally, our relatively new Japanese holding in <strong>Asics <\/strong>has performed very well. Asics, known for its popular running shoes, delivered unexpectedly strong results in May, surpassing previous guidance across all segments and regions. Furthermore, <strong>Nvidia <\/strong>continued its strong performance, rising approximately 30% this month. Elon Musk announced plans to use Nvidia&#8217;s chips for his generative AI startup, and Nvidia recently unveiled a new AI chip. The company\u2019s CEO also indicated plans to launch new chips annually. We remain optimistic about its future trajectory.<\/p>\n<p>&nbsp;<\/p>\n<p>See the funds&#8217; monthly reports in full at the bottom.<\/p>\n<p>&nbsp;<\/p>\n<p>Kind regards,<\/p>\n<p>Nordic Equities<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Strong stock market and a continued positive economic outlook &nbsp; Following a cautious climate in April, May witnessed positive developments across many of the world&#8217;s stock markets. All Nordic stock markets experienced upward movements, while U.S. indices, the S&amp;P 500 and Nasdaq, rose by 5% and 6% respectively, significantly driven by technology companies. This positive [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-19454","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/nordeq.se\/en\/wp-json\/wp\/v2\/posts\/19454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nordeq.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nordeq.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nordeq.se\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nordeq.se\/en\/wp-json\/wp\/v2\/comments?post=19454"}],"version-history":[{"count":0,"href":"https:\/\/nordeq.se\/en\/wp-json\/wp\/v2\/posts\/19454\/revisions"}],"wp:attachment":[{"href":"https:\/\/nordeq.se\/en\/wp-json\/wp\/v2\/media?parent=19454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nordeq.se\/en\/wp-json\/wp\/v2\/categories?post=19454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nordeq.se\/en\/wp-json\/wp\/v2\/tags?post=19454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}