The first quarter was a very good quarter, both in developed and emerging markets. All of our equity and fixed income funds delivered solid returns in the period.
The mood was optimistic in the stock market in the first three months of the year. Emerging markets were up 10.5% in the quarter (in GBP) versus 5.1% for developed markets. SKAGEN's equity funds delivered a return of between 2.6 percent and 12.0 percent in the period.
Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs.
