The performance during February for our selected sectors was lower than the market. The strategy’s performance was +1.96% compared to Nordic 120´s +3.73%, underperforming the market by -1.77%.
Industrial was the best performer with +6.57%, while Material came in worst on -2.89%. Materials are replaced with Energy. This month’s sectors are: Health Care, Industrials and Energy.
Our momentum model had stocks as its pick for January, which turned out to be the top performer with a performance of +2.65%. Bonds gave 0.27% and commodities -3.50% (SEK). The model continues to select stocks for March.
The performance for an equally weighted portfolio was -0.19%, compared to OMXS30-index with a performance of 2.65%. Since this strategy is static, it does not do any monthly picks.