May 2022 Monthly update

Market volatility has continued during the month and the US market has at one point fallen for 8 weeks in a row. We have not seen this since 1932, although it seems that the technology really regained some confidence after the Salesforce results. Salesforce's figures were good, comments from management about the customer's intentions to continue investing in technology during the uncertain times we are in gave us confidence. In addition, several smaller technology companies such as MongoDB and Okta reported healthy figures.

The last stage down to the market has been driven by weaker sales from e-commerce players and higher costs for bricks and mortar. We can now find several interesting valuation cases over technology also with regard to a weaker economic development.

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Inge Heydorn

December 2022 Monthly Update

Strong titles drive hardware demand, mobile remains under pressure – November US figures showed total gaming spending still down

Inge Heydorn

July 2022 Monthly Update

Travel is back and consumer demand here is strong. Airbnb, Booking and Expedia all reported fairly solid demand for the quarter and

Inge Heydorn

June 2022 Monthly update

Highly tactical trading in the last two weeks due to 1H rebalancing of indices and nominee portfolios. However, the underlying concerns are the same