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We had a satisfactory third quarter - 10 out of 11 of our funds outperformed their respective benchmark indices. With the US elections and a potential Fed hike around the corner, we continue to look for opportunities globally. As long-term investors, turbulence in the market is no cause for despair, but rather creates opportunities to buy good companies at attractive prices.
Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.
