Earnings season intensifies!

As expected, July was a quiet month, with coupon income contributing the most to the positive performance. Intrum has completed its recapitalisation, and large-cap quarterly reports have generally been solid. Reporting from Nordic high yield companies is now intensifying, and we expect some improvements from the first quarter, particularly among consumer-related companies. Trump continues to push through higher tariffs, which is a headwind for the market. We expect trend growth in the Nordics only at the beginning of next year.

Read the full monthly report from Vinga Asset Management here.