Pareto Aksje Norge
Long-term owner in a limited number of Norwegian companies in industries where Norway has a competitive advantage.
With more than 200 listed companies, Norway constitutes a limited stock market. The Norwegian economy is open; the export/import share is high. Norwegian companies largely focus on international markets and exports, and many can be characterised as global players. This means that through Norwegian companies you can participate in growth in emerging- and other markets, but that you are also often subject to swings in the global economy.
Some industries dominate, such as energy and energy-related companies, as well as seafood and shipping. These are industries where Norway has competitive advantages, and over the years the Pareto group has accumulated thorough competence.
The investment team has a fundamental approach, analysing key data (profits, dividends, balance sheet, capital structure) and business strategy. Emphasis is on a sound capital structures, strong returns on equity and moderate pricing, and not general market conditions, macroeconomics, technical analyses and speculative factors.
