Hans-Erik Ribberholt

“Our portfolio is up 0.6 per cent in February. The Evli Greater Russia equity fund was the best performing fund with a rise of 6.1 per cent. The large inflow of petrodollars remains a strong support for the domestic economy. Despite a very uncertain short term outlook for equities in general, we maintain our equity overweight due to the long term nature of the portfolio. The Senior Bank Loans are still suffering under the fall-out from the credit markets and general risk aversion. A lot of negative news has already been factored in at current levels and given that this fund invests primarily in the top-tier and most liquid senior bank loans while applying a careful on-going monitoring, we remain committed.”