”Temperature rising”

Despite continued caution regarding the economic outlook, the global economy is recovering while IPO and M&A markets are gaining momentum. According to the Riksbank, Sweden is expected to reach 2.7% growth next year, well above trend growth. Headwinds for markets stem from elevated equity valuations and uncertainty surrounding the U.S. economy. We are making minor portfolio reallocations by increasing exposure to small-cap equities, reinstating full weight in renewable energy, and reducing exposure to investment-grade bonds.

Market Outlook
✔️ High yields: Significant overweight maintained
✔️ Equities: Increasing allocation to small caps
✔️ Interest rates: Reducing exposure to bonds
✔️ Megatrends: Full allocation to renewable energy

Read the complete Portfolio Strategy 2025Q4 from Vinga Asset Management here: https://vingagroup.com/wp-cont...