"Over the past year, investors have gradually increased their risk-taking and broadened their exposure, primarily to equities. The recent bout of market turbulence has probably pushed back some risk-taking, which we see as a positive development that instead creates future potential," says Fredrik Öberg, Chief Investment Officer at SEB's Private Wealth Management & Family Office Division.

Allocation
We are approaching a point where we may carry out slightly larger changes both between and within asset classes. But first we want to see more evidence that the soft landing is materialising and that the current stock market consolidation will be replaced by a new positive trend and a broader upturn. We are ready, but we are not in a hurry to get ahead of the market. Instead, we want to see some confirmation of increased interest in emerging markets and small caps, for example, as well as an appreciating SEK that breaks out of the range against the USD where it has been oscillating for a long time. Regardless of this, our portfolios will continue to benefit from increased risk appetite and positive market performance.

Theme articles
This September 2024 edition of Investment Outlook also includes two newsworthy theme articles:

•     Semiconductors, Part 2 - The backbone of digitisation
•     The US elections - An even battle focusing on taxes, tariffs and family policy