Pareto's Swedish portfolio rose by 0.85 percent in February, which was a clear underperformance compared to the OMXGI benchmark index, which increased by 4.48 percent.
This outcome has prompted Pareto to replace half of its portfolio ahead of March. Departing are Alfa Laval, Bilia, Munters, Cheffelo, and Platzer. They are being replaced by Green Landscaping, Getinge, SKF, Eastnine, and Lime Technologies.
Notably, Pareto is retaining the best-performing stock from February, NCAB, which climbed by 19.3 percent, as well as the laggards Xvivo and Mips, which fell by 16.7 percent and 8.3 percent, respectively.
The portfolio was launched in February 2017 and has delivered a total return of 463 percent, significantly outperforming the benchmark index at 160 percent.
Getinge AB is a Sweden-based company operating within healthcare sector. The Company provides hospitals and Life Science institutions with products and solutions aimed at improving clinical outcomes and optimizing workflows. The Company’s reporting segments have the following activities: Acute Care Therapies develops solutions for life-sustaining care in acute health conditions. Life Science offers a comprehensive range of equipment, technical expertise and prevention consultation contamination in pharmaceutical production, biomedical research, production of medical equipment and in various laboratory applications. Surgical Workflows offers products and services for the effective disinfection and sterilization of instruments used in operations, operating tables and others hardware for operating rooms and advanced IT systems for efficient and secure workflows in hospitals.
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