Absolutely a good year
There was a lot to be pleased about in 2017, writes Investment Director Alexandra Morris in SKAGEN Funds' Annual Report.
Together with our clients, we celebrated funds that have been with us for many years; SKAGEN Global reached its 20-year milestone, SKAGEN Kon-Tiki turned 15 and SKAGEN m2 celebrated its 5-year anniversary. On the whole, it was also a very good year when it came to the absolute returns in our equity funds.
There were surprisingly few fluctuations in the global stock markets last year, and for the for the first time in many years, we are entering a new year with synchronised and accelerating growth in most countries and markets, and this gives us cause for optimism.