AMWatch

Despite fluctuation in tech shares it's best to hold on to long-term plans, says fund manager

After more than quadrupling its net asset value in 2020 through excessive returns and new subscriptions by a broad array of investors, Fondita's Sustainable Europe fund has been facing more turbulence recently. Despite the ongoing market fluctuation one has to look far ahead into the future, says portfolio manager Marcus Björksten, who notes last year new investors included Central European family offices.

Marcus Björksten, Portfolio Manager at Fondita Fund Management. | Photo: PR / Fondita

After years of above market returns, high growth tech companies have faced more turbulence in recent weeks.

At Finland's Fondita Fund Management, portfolio manager Marcus Björksten notes several of Fondita's eight funds have a higher exposure to tech sector than their benchmarks. Despite the short-term volatility, the fund manager believes its important to stay unfazed by recent weeks' rotation from growth to more value-oriented industries.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

From utopian to center stage at PFA: "It's a challenge worth a proper fight. And trust me, it is not a walk in the park"

Is it possible to make a 180-year-old Swiss private bank significantly more sustainable in less than two years? Sasja Beslik believes so, having left J. Safra Sarasin to take the over the reins at Denmark's largest commercial pension fund, PFA. Even though only 1.5 percent of PFA's clients have opted for its climate product after more than a year on the market, it shouldn't become the mandatory savings product, he argues.

Further reading

Related articles

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch