The Storebrand Sverige fund rose 5.79 percent in April, outperforming its benchmark index which gained 5.48 percent. Since the turn of the year, the fund has returned 5.97 percent, slightly trailing the index which has increased by 6.15 percent. This is according to a monthly report from fund manager Andreas Poole.

In April, Swedish equities, as measured by the OMXS30G, rose over 5 percent and reached new record highs before prices pulled back.

'Although Swedish equities closely track the performance of European stocks, they have performed somewhat better in relative terms. European equities have been hardest hit by the rise in oil prices and also lag behind the US in terms of earnings expectations', the manager writes.

The manager adds that the market appears to be positioned for Donald Trump to back away from the conflict in Iran, as he will do everything possible to win the midterm elections. If this proves to be the case, a relief rally is likely to be seen across the markets.

The fund's largest holdings at month-end were Atlas Copco, Investor, and Volvo, with portfolio weights of 8.3, 7.5, and 6.2 percent respectively.

The fund had its largest exposure to industrials, financials, and information technology, with weights of 41.6, 24.5, and 8.0 percent respectively.

Storebrand Sverige, %April, 2026
Fund MTD, percentage change5.79
Index MTD, percentage change5.48
Fund YTD, percentage change5.97
Index YTD, percentage change6.15