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Annual Report 2018: The storm after the calm

2018 was book-ended by levels of stock market volatility not seen since the Eurozone debt crisis in 2011, writes Investment Director Alexandra Morris.

Date: 20/02/19

In 2018, SKAGEN celebrated an important milestone, namely a quarter century of service to our clients. Our founders took a local money manager, from West Coast Norway, and established it as a respected European fund house. Over 25 years, clients have enjoyed both market-beating return and periods of correction; excess return and underperformance. SKAGEN has seen both growth and contraction; good stories and bad. We are still here, and ready and eager to make a difference for our clients.

As SKAGEN enters its twenty-sixth year of investing, our focus on finding the best undervalued companies to deliver long-term returns for our clients remains undimmed and we look forward to updating you on our progress throughout 2019.

Read our Annual Report for 2018.

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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