By
Borsgade
In his September 2023 update, Kurt Kara and the team behind the Value Stocks fund provide an update on the US and European economy in particular. There is a particular focus on interest rates and growth in the US and Europe, both of which have given rise to uncertainty in the markets.
In relation to the portfolio, they write:
The largest positive contributors to September’s portfolio returns were the two US companies Cigna Corp and Packaging Corp of America. […] The American company HP Inc. contributed most negatively to portfolio returns in light of the release of weak third-quarter earnings figures, where the full-year estimate was revised downwards. No new companies were added to the portfolio in September, nor were any companies sold off.
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The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
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