Pareto Securities' Swedish portfolio generated a negative return of -3.04 percent in March, which was better than the performance of the benchmark index OMXSGI, which fell -7.83 percent.

Pareto notes that March was a weak month characterized by concerns about growth prospects, where inflation will go and the impact of tariffs.

Despite March being a negative month, half of the portfolio (five out of ten companies) managed to outperform the benchmark index. ERP company Fortnox, which received a takeover bid yesterday, was the best with a return of 26.3 percent, followed by Nordrest with 14.6 percent and Storytel at 1.8 percent. The worst was Hexatronic with a loss of -20.2 percent.

For April, there are four changes. Exsitec, Fortnox, Metso and VNV Global all leave, and are replaced by Eastnine, Indutrade, Hanza and Mips.

Pareto's portfolio is up 403.5 percent since the start in February 2017, compared to OMXSGI's 115.4 percent.