The performance during April for our selected sectors was lower than the market. The strategy’s performance was +0.05% compared to Nordic 120´s +0.77%, underperforming the market by -0.72%.
Bank was the best performer with +4.40%, while Energy came in worst on -2.78%. This month’s sectors are as following: Construction & Real Estate, Industrials and Materials.
Our momentum model had stocks as its pick for April, which turned out to be the top performer with a performance of +2.17%. Bonds gave 0.96% and commodities -5.90% (SEK). The model continues to select stocks for May.
The performance for an equally weighted portfolio was -0.90%, compared to OMXS30-index with a performance of +2.17%. Since this strategy is static, it does not do any monthly picks.