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Picture of front page of market report
Harvesters, 1905. By Anna Ancher. The painting is manipulated and belongs to the Art Museums of Skagen.

The mood was optimistic in the stock market in the first three months of the year. Emerging markets were up 10.1% in the quarter (in EUR) versus 5.5% for developed
markets. SKAGEN's equity funds delivered a return of between 2.3 percent and 11.6 percent in the period. 

Read more in the Market Report (PDF)


Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager's skill, the fund's risk profile and management fees. The return may become negative as a result of negative price developments.