Pareto Securities' Swedish portfolio rose by 5.25 percent in October, outperforming its benchmark index OMXSGI, which climbed 4.11 percent.
Looking ahead to November, Pareto is making significant adjustments. The firm is implementing a total of seven changes, replacing Atlas Copco, Coor, Eastnine, Getinge, Munters, Trelleborg, and Evolution with Afry, Bravida, Cibus, Vitec, SKF, Yubico, and Lyko.
Afry, Yubico, and SKF are all set to hold capital markets days in November, "which we believe will be positive events for the shares," Pareto writes.
Furthermore, Lyko, Bravida, and Vitec are being added after sharp share price reactions to their reports and valuations that have now contracted to what Pareto considers "attractive levels."
"Finally, we are adding Cibus, which reports results on November 5--we expect another solid quarter with a high economic occupancy rate and continued growth in net asset value (EPRA NRV), income from property management (IFPM), and quarterly earnings capacity," the analysis firm states.
