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.
Lundin Mining Corporation is a diversified Canadian base metals mining company. The Company has operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. Its operations include Candelaria, Caserones, Chapada, Eagle, Vicuna, Neves-Corvo and Zinkgruvan. The Candelaria Copper Mining Complex comprises two adjacent copper mining operations, Candelaria and Ojos del Salado, that produce copper concentrates from open pit and underground mines. Caserones is an open pit copper-molybdenum mine which produces copper concentrate, copper cathode and molybdenum concentrate. Chapada is an open pit copper-gold mine producing copper concentrate. Eagle is an underground mine producing nickel and copper concentrates. Vicuna is a joint venture, which holds the Filo del Sol project and the Josemaria project located along the Chile-Argentina border. Neves-Corvo is a copper and zinc mine producing copper, zinc and lead concentrates.
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