Nordea: the Companies with the greatest return potential – Business

It is nearing the culmination of the strong performance of lågkvalitetsaktier – at the same time as quality investments with good growth prospects but a low score has become unusually attractive. It writes Nordea Investment Strategy & Advice in a morgonbrev, where the bank sets out for changes in their portfolios.

“After a long period of favouritism has companies with relatively stable operations and margins been pushed into the background in favor of companies in which it is tempting to believe that the potential is greater if the economic recovery gains momentum,” writes Nordea, who like to see signs that this trend is nearing the end.

The bank calls the quality investments have, as a result of this development has become cheaper than lågkvalitetsaktierna.

“One reason why we find it unusually attractive with companies where growth prospects are good, but the valuation is nedpressad is that it is not as dependent on interest rates and exchange rates”, according to Nordea.

In the wake of this picks Nordea, the Securitas in both its nordic and Swedish model portfolio, at the expense of Sandvik.

“We see Securitas as an attractively valued growth companies with a unique stability in earnings, while the relatively weak performance in the sentid has given a good köpläge”, justifying the Nordea decision.

Sandvik to be removed, despite the fact that analysts are fundamentally positive to the share, is related to the relationship between risk and returns deteriorated after the autumn rise.

Castellum takes place in both portfolios, at the expense of the Clover in the Swedish portfolio, and instead of the Danish NKT in the nordic countries.

“Castellum is the real estate company where we see the best return potential given the risk. We see great potential to uppvärderingar at the same time as the financial risk is lower than sektorgenomsnittet at the same time as the yield is higher,” writes Nordea.

Securitas was trading at 14 o’clock on the Wednesday to just under sek 135, an increase of just over 2 percent for the day. The Castellum stood in the 121:70 crowns, up 0.8 percent. Sandvik rose 1 percent.