Looking back at the first half of 2014

Supportive central banks and optimistic expectations pushed prices in financial markets higher

27 June 2014. Everywhere easy monetary policy and expectations that the present expansion can last several years along with low inflation typically pushed both equity and bond prices higher during the first half of the year. Mainly temporary factors held back the US economy in the beginning of the year but growth clearly picked up thereafter and the outlook is positive. The Eurozone is slowly recovering, which has reduced the risk of a break-up of the currency area. Consequently, interest rate spreads between the core around Germany and the crisis-hit peripheral countries shrank a lot. The Swedish business cycle displays big quarterly swings, but the trend is positive. Emerging markets grappled with both economic problems and political upheavals including the conflict between Ukraine and Russia. Their financial markets were volatile but ended the first half more or less in line with developed markets.

» Read the report, written by Dr. Dag Lindskog

Press release: Technology giants remain attractive to investors

DNB Asset Management takes part in the tenth anniversary of Google Switzerland (06/2014)

» Read the press release

DNB Scandinavia - Portfolio Manager's commentary (05/2014)

"As you know, the Nordic stock market has performed extremely well over time. Better than both the European and the global stock markets. Since the beginning of 2008 DNB Scandinavia has outperformed the market with 19 per cent gross. Also, last year was a good year both for the market and for our fund."
(Karl G. Høgtun, Head of nordic equities, 05/2014)

» Click here to watch the video

Looking back at 2013

Everywhere easy monetary policy and in many places a gradual recovery of the business cycle along with low inflation typically pushed both equity prices and bond yields higher during the year. The American economy and central bank the Fed more than usually determined the global sentiment as tensions within the Eurozone abated though without being resolved. The US business cycle firmed and the Fed continued its monetary policy of quantitative easing. The only major setback in global financial markets during the year followed on the central bank’s first signal in late spring to taper off its bond purchases and liquidity injections to the private sector. When the Fed finally decided to do so in mid-December markets reacted in a more positive way.

» Click here to read the article written by Dag Lindskog
Contact us
+352 45 49 45 1