You’re certainly excused if you felt a bit of trepidation as we entered September. There was no shortage of comments pointing out that September is, statistically, a poor month in the stock market. But September turned out to be a pleasant month, and our unitholders have reason to rejoice: All our funds delivered positive returns. Read our latest monthly reports.
Imagine that you bought Norwegian shares at the very end of August 2008 – two weeks before Lehman Brothers went bankrupt. Less than three months later, on 21 November, you would have lost a whopping 56 per cent of your bet. Is it in fact possible to imagine poorer timing? And yet: If indeed you had invested in the Norwegian stock market just before the crash and stayed the course for ten years, you would have doubled your bet.
Pareto Asset Management is an independent fund manager, established in 1995. The company is part of the Pareto group, headquartered in Oslo, with branches in Stockholm and Frankfurt.