Pareto Securities' Swedish portfolio gained 3.9 percent in May, outperforming the OMXGI benchmark index, which rose 3.4 percent.
Year-to-date, the portfolio has delivered a return of 13.9 percent, compared to a 7.2 percent increase for the benchmark index.
Pareto is making three changes ahead of June. Thule, Xvivo, and Billerud are being removed from the portfolio and replaced by Atlas Copco, Note, and Elekta.
Pareto believes Atlas Copco will benefit from a global industrial recovery and increased investment in the semiconductor sector. For Note, the firm highlights a growing order book, significant exposure to the defense industry, and the potential for upward earnings revisions. For Elekta, the Capital Markets Day on June 17 is expected to serve as a positive catalyst, as the company has already exceeded its cost-saving targets and may raise its long-term margin guidance.
The remainder of the portfolio consists of Beijer Alma, Cheffelo, Eastnine, Metso, Mips, Paradox, and SKF.
Elekta AB (publ) is a Sweden-based medical technology company which aims to improve, prolong and save lives through clinical solutions for treating cancer and brain disorders. The Company offers and develops systems for radiation therapy and radio-surgery, as well as software systems that enhance workflow efficiency throughout the entire spectrum of cancer care. Elekta AB (publ) develops clinical treatment solutions for radiation therapy and radiosurgery, as well as work flow-enhancing software systems, across the spectrum of cancer care. The Company provides clinical solutions for image guided radiation therapy and stereotactic radiosurgery, giving oncologists and neurosurgeons an unmatched capability to treat tumors and functional targets with ultra-high precision while sparing healthy tissue.
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