The allocation group in Storebrand Asset Management:Søren Kærgaard Slipsager, Senior Portfolio Manager, Olav Chen, Head of Allocation and Global Fixed Income, Tore Jørgen Rye, Senior Port¬folio Manager, Dagfinn Norum, CIO, Lasse Theimann, Senior Portfolio Manager, Sigve Dagsønn Stabrun, Senior Portfolio Manager

Market outlook May 2024

Market outlook by the Allocation and Global Fixed Income team in Storebrand Asset Management 

An overview of recent market developments and macroeconomic conditions, as well as our over- and underweight positions. This primarily discusses equity, bonds, and money markets. Alternative investments, such as real estate and private equity, will not be systematically covered in the report, but such products should also be included in a long-term investment portfolio.

Key points

  • Inflation figures in the USA have risen for three consecutive months, contributing to elevated interest rate expectations again.
  • Growth prospects for the Eurozone remain stagnant, paving the way for a rate cut from the ECB in June.
  • A strong dollar creates challenges for other countries that must maintain tighter monetary policy for longer.

Historical returns are no guarantee of future returns. Future returns will depend, among other things, on market developments, the manager's skills, the fund's risk profile and management fees. The returns can be negative as a result of price losses. There is risk associated with investments in the fund due to market movements, developments in currency, interest rates, economic conditions, industry- and company-specific conditions. Before investing, customers are advised to familiarize themselves with the fund's key information and prospectus, which contains further information about the fund's characteristics and costs.