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August was a volatile month for equities

The escalating trade war and uncertainty around global growth affected the performance of SKAGEN's funds in August – with two solid exceptions.

Date: 11/09/19

The escalating US-China trade war contributed to the volatile markets in August. Photo: Bloomberg

SKAGEN Global

US holdings’ strength drives absolute and relative gains amid volatile macroeconomic backdrop.

SKAGEN Global A climbed 1.80% in August, outperforming the MSCI All Country World Index which fell 1.97%.

Monthly Report: Read the SKAGEN Global August 2019 Report for more information

SKAGEN Kon-Tiki

Mining stock challenges and Korean currency weakness weigh on performance

SKAGEN Kon-Tiki A fell 5.51% in August, underperforming the MSCI Emerging Markets Index which was down 4.27%.

Monthly Report: Read the SKAGEN Kon-Tiki August 2019 Report for more information

 

SKAGEN m2

Solid portfolio company earnings drive absolute and relative gains

SKAGEN m2 A climbed 0.30% during August, outperforming the MSCI All Country World Index IMI Real Estate ex Equity REITS index which declined 2.41%.

Monthly Report: Read the SKAGEN m2 August 2019 Report for more information

 

SKAGEN Focus

Strong performance from largest holding drives absolute gains as Dow Inc joins the portfolio

SKAGEN Focus A decreased 4.46% in August, underperforming the MSCI All Country World Index which fell 1.97%.

Monthly Report: Read the SKAGEN Focus August 2019 Report for more information

 

SKAGEN Insight                                                         

Solid portfolio company results drive absolute gains; portfolio remains undervalued

SKAGEN Insight A declined 6.25% during August the quarter, underperforming the MSCI World Index which fell 1.68%.

Monthly Report: Read the SKAGEN Insight August 2019 Report for more information

 

IMPORTANT INFORMATION

All contribution figures are based on NOK returns at the fund level.

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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