By
Borsgade
PFA has just presented its half-yearly report for 2023. Declining inflation, solid growth and good corporate balance sheets have provided tailwinds in equity markets in the first half of 2023. This has also affected PFA’s return, where a typical PFA customer has received a return of 7.6 per cent.
In the video, PFA’s Group Investment Director, Kasper A. Lorenzen, talks about PFA’s increased equity exposure in the US, where technology companies in particular have padded their pension accounts.
The short video can be seen in the link below, and if you want to dive into PFA’s thoughts on, you can read “PFA Insight” for the third quarter here.
June marked a positive end to the first half of 2023, where risk-averse investors in particular have been rewarded more than expected. We believe that the positive trend will continue in the second half, although weak growth and tenacious inflation reduce the return potential.
Share the news
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
In this discussion, Bridgewater and GIC, the entity that is responsible for managing Singapore’s international reserves, assess the issues they think are most important for investors to grapple with in the years ahead.
In his recent letter to shareholders, Christopher Davis highlights that the era of near-zero interest rates ended in March 2022 when the Federal Reserve started raising rates. This shift marks a return to a more normal economic environment, though it may bring volatility and disruptions.
In this article, Michael Mauboussin argues that whenever investors value a stake in a cash-generating asset, they are essentially using a discounted cash flow (DCF) model, whether explicitly or implicitly.
In this video, Guy Spier gives a full tour of the Aquamarine office in down town Zürich. Guy walks around the office while discussing the idea and history behind the different office spaces and the library.
