Nordic Investment Partners was founded in 2017 by Ole Søeberg. Ole has a broad and long experience in global equity markets since early 1980's. He has been in investment banking, Investor Relations in large corporates and Asset Management and in various leadership roles.
Nordic Investment Partners functions as a family office. However, being a long term investor there's time for other activities such as;
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Where to in 2024?
2 January 2024
2023 turned out to be a much better return year than anticipated. A large handful of very large companies such as Apple, Microsoft and NVIDIA contributed most of the value add. In very broad terms then tech and growth pharma outperformed and energy and stable earners (bond proxies) underperformed.
From the outset, 2024 looks to be more of the same but with broader participation. Bottom up earnings growth for 2024 is for 3.4 trillion $ net income, up 17% for MSCI World developed markets and S&P500 earnings are expected to grow 12%. This paves the way for good returns in the stock market as valuations ex the 10 largest companies are at 15x fwd P/E. That's not demanding and as interest rates likely decline in line with lower inflation, then there's room for a valuation expansion.
2024 therefore looks like a 10-20% return year.
Markets never move as planned and there's plenty of events that can rock the boat
in both directions. Check the 2024 roadmap for more details.
Børsen had two articles over the New Year weekend. A group of experienced investors pick stocks and the performance is measured at year end. My 2023 picks did well; Meta +184%, Matas +69% and Simcorp +55%
My picks for 2024 are ALK Abello, Alibaba and Royal Unibrew