The performance during January for our selected sectors was higher than the market. The strategy’s performance was +5.62% compared to Nordic 120´s +5.25%, outperforming the market by +0.37%. Banks was the best performer with +11.6%, while Industrials came in worst on +0.20%. Bank and Consumer are replaced with Health Care and Industrials. This month’s sectors are: Health Care, Industrials and Materials.
Our momentum model had stocks as its pick for January, which turned out to be the top performer with a performance of +5.83%. Bonds gave -1.05% and commodities +3.59% (SEK). The model continues to select stocks for February (this is the third time in a row).
The performance for an equally weighted portfolio was 2.79% during January, compared to OMXS30-index with a performance of 5.83%. Since this strategy is static, it does not do any monthly picks.