Storebrand maintains its allocation from the previous month. This is stated in the company's monthly market report.

Global growth is expected in 2025, but at the same time, expectations around the number of interest rate cuts in the US have fallen and the risk of a trade war under Trump is the main uncertainty factor.

"Global equities in local currency terms rose by as much as 21% in 2024, supported by strong company reports, falling inflation and interest rate cuts by central banks. The US was the strongest performing region in both local and common currency terms. European and emerging market equities also performed well, but not nearly as strongly as US equities. Swedish equities mainly followed the trend in Europe and rose by 7% in 2024."

Type of investmentJanuary
Swedish equitiesNormal weight
Global equitiesOverweight
Emerging Markets (EM)Normal weight
Swedish BondsNormal weight
Global BondsNormal weight
CreditsOverweight