Strong economic growth leads to solid earnings and stock price increases, MSCI World Index up 15%.

From GlobeNewswire: 2024-08-26 08:25:00

Investeringsforeningen Nykredit Invest Balance has approved its half-year report for 2024. Major economies grew at a stronger pace than expected in the first half of the year, leading to delays in expected monetary policy easing. The European Central Bank lowered interest rates in June, while the US Federal Reserve decided to wait and see.

Market expectations for interest rate cuts in 2024 shifted, resulting in rate increases and bond market declines. Strong economic growth led to solid earnings for listed companies, driving significant stock price increases. The MSCI World Index rose over 15% in the first half, with growth stocks up 20% and value stocks up 10%.

The fund’s portfolios achieved positive returns in the first half of 2024, exceeding expectations but falling short of their benchmarks. For inquiries about this announcement, contact director Tage Fabrin-Brasted at 44 55 91 60.

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