Pareto's Swedish model portfolio had a weak performance in August with a decline of 2.6 percent. This was clearly worse than the benchmark index OMXSGI, which was unchanged for the month. This was stated in an analysis update on Monday.

However, Pareto's portfolio has returned 36.4 percent since the beginning of the year, which is 22.5 percentage points better than the index.

The research house now chooses to make five changes in the portfolio for September. The stocks that are removed are Kinnevik, Betsson, Nibe, Green Landscaping and Lundin Mining. They are replaced by Fortnox, Mildef, Catena, Bioinvent and Lyko.