Industrivärden’s portfolio closed a weak Q3 as all assets but Handelsbanken posted share price declines over the quarter. The exposure to Sandvik (-8% in Q3) and Volvo (-5%) which account for nearly 50% of the portfolio led to a widening underperformance versus the benchmark. While consensus on both companies seems largely positive, the current trading environment does not signal a significant positive NAV progression for H2.
14 Oct 2021
Q3 21: an overall downbeat quarter for the portfolio assets
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Q3 21: an overall downbeat quarter for the portfolio assets
Industrivarden AB Class A (INDU.A:OME) | 0 0 0.0%
- Published:
14 Oct 2021 -
Author:
Jorge Velandia | Saïma HUSSAIN -
Pages:
3
Industrivärden’s portfolio closed a weak Q3 as all assets but Handelsbanken posted share price declines over the quarter. The exposure to Sandvik (-8% in Q3) and Volvo (-5%) which account for nearly 50% of the portfolio led to a widening underperformance versus the benchmark. While consensus on both companies seems largely positive, the current trading environment does not signal a significant positive NAV progression for H2.