Portfolio Update: We bought more stocks

On a regular basis, we keep our clients updated through email by publishing Market Update, Portfolio Update and FX Update. Here you can read the latest Portfolio Update:

On 9 and 10 February JGAM held its ordinary monthly Investment Committee meeting, deciding to take on more risk, i.e. invest in more stocks.

We have bought Visa, Siemens and Statoil, all stocks that add to the cyclical part of the investments we already hold in our portfolios. Cyclical means that these stocks tend to increase and decrease more in value than the average stock on the market.

Since the start of the year, financial markets have been in a “risk on” scenario benefitting stock prices. We believe this sentiment can continue despite the debt crisis in Europe and the geopolitical risks in the Middle East. Improvements in the U.S. economy and expectations of a “soft landing” in China are supporting the present positive financial environment.

Please, see our “Asset Allocation Strategy” to read more about our recent investments. If you have an Advisory Account with JGAM and wants to make some or all of the above mentioned investments, please contact your portfolio manager.

Also, on our website, we have published a new report “Winter in Europe, spring in the U.S. and autumn in China”. This report is an extract of Lars Stouge’s presentation at JGAM’s seminar in New York on 27 January and it gives an insight to the eurozone crisis.

Kind regards
JGAM