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SKAGEN Performance Update – A Mixed February

SKAGEN Focus

European holdings lead absolute and relative gains as strong fund performance continues. SKAGEN Focus climbed 1.80% during the month, outperforming the MSCI All Country World Index which fell 1.23%. Read the SKAGEN Focus February 2023 report for more information.

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Figures as at 28/02/2023 in GBP, net of fees and annualised for periods greater than one year
* Fund inception: 26/05/2015.

SKAGEN Global

DSV gains offset by Estee Lauder losses as global equities retreat on interest rate fears. SKAGEN Global fell 2.25% during the month, lagging the MSCI All Country World Index which dropped 1.23%. Read the SKAGEN Global February 2023 report for more information.

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Figures as at 28/02/2023 in GBP, net of fees and annualised for periods greater than one year
* Fund inception: 07/08/1997. B class established on 01/01/2014.
** Before 01/01/2010 benchmark was MSCI World Index

SKAGEN Kon-Tiki

Hyundai drives relative gains and offsets Chinese holdings' weakness. SKAGEN Kon-Tiki was down 4.77% during the month, beating the MSCI Emerging Markets Index which was 4.90% lower. Read the SKAGEN Kon-Tiki February 2023 report for more information.

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Figures as at 28/02/2023 in GBP, net of fees and annualised for periods greater than one year
* Fund inception: 05/04/2002. B class established on 01/01/2014. 
** MSCI EM Index (net total return) did not exist at the inception of the fund and consequently the benchmark index prior to 1/1/2004 was the MSCI World AC Index. This is not reflected in the table above which shows the MSCI EM Index since the fund’s inception 

SKAGEN m2

European holdings drive relative strength as rate outlook weighs on real estate markets. SKAGEN m2 fell 2.94% over the month, outperforming the MSCI All Country World Index Real Estate IMI benchmark which dropped 3.81%. Read the SKAGEN m2 February 2023 report for more information.

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Figures as at 28/02/2023 in GBP, net of fees and annualised for periods greater than one year
* Fund inception: 31/10/2012. B class established on 01/01/2014.  
** Benchmark was the MSCI ACWI Real Estate IMI ex REITS from 11/07/2017 to 30/09/2019

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