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Market Outlook - September 2025

An overview of recent market developments and macroeconomic conditions, as well as our over- and underweight positions. This primarily discusses equity, bonds, and money markets. Alternative investments, such as real estate and private equity, will not be systematically covered in the report, but such asset classes should also be included in a long-term investment portfolio.

Key Points

  • Fears of tariffs are easing further after trade agreements and a new delay in tariff hikes between the U.S. and China
  • Growth expectations are being revised upwards, but still remain lower than at the beginning of the year
  • The U.S. labour market has weakened further, and revisions show that job growth was lower than previously expected

Storebrand-Market-Commentary-September-2025.pdf

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Historisk avkastning er ingen garanti for framtidig avkastning. Fremtidig avkastning vil som blant annet bero på markedsutviklingen, forvalternes dyktighet, fondets risikoprofil og forvaltningshonorar. Avkastningen kan bli negativ som følge av kursnedgang. Det er risiko forbundet med investering i fond på grunn av bevegelser i markedet, valutautvikling, rentenivå, samt konjunktur-, bransje- og selskapsforhold. Avkastningen kan øke eller minke som følge av valutakursendringer. Før du investerer, oppfordrer vi deg til å lese fondets prospekt og nøkkelinformasjon, som inneholder ytterligere detaljer om fondets egenskaper og kostnader.