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Portfolio perspectives | Article - 2 Min

C WorldWide Investment Report – Q4 2023

In Q4 the strategy returned 7.7%, higher than the MSCI AC World Index which returned 5.0%. The quarter saw very strong global equity markets as interest rates peaked in mid-October and fell towards the end of the year. As we sum up the year 2023, one interesting data point worth noting is that the Nasdaq Index rose the most since 1999, performing strongly even during the first half of the year despite rising interest rates.

Report Highlights

  • C WorldWide Global Equities ex. Tobacco – Fourth Quarter Commentary
  • Opportunities Arising from Divergence and Change – Bo Knudsen, Managing Director and Portfolio Manager
  • Showcasing AI Portfolio Exposure
  • The Market For Heat Pumps Is Heating Up – Catrin Jansson, Portfolio Manager and Marcus Bellander, Analyst
  • The Struggle to Achieve Net Zero Emissions– Morten Springborg, Global Thematic Specialist

Disclaimer

This document has been prepared by C WorldWide Asset Management Fondsmæglerselskab A/S (“C WorldWide”). C WorldWide is regulated by the Danish Financial Services Authority under Danish laws, which differ from Australian laws. In Australia, C WorldWide is exempt from the requirement to hold an Australian Financial Services Licence by operation of ASIC relief. C WorldWide is permitted to provide financial product advice in certain classes of financial products to wholesale clients. This document is distributed in Australia by BNP PARIBAS ASSET MANAGEMENT Australia Limited ABN 78 008 576 449, AFSL 223418 (“BNPP AMAU”). It is produced for general information only for the exclusive use of wholesale investors and does not constitute financial product advice, nor an offer to issue or recommendation to acquire any financial product. You should seek your own professional advice in relation to any financial product referred to.
 
New Zealand financial services licensing and registration requirements do not apply to BNPP AMAU and CWW as they do not provide financial services to retail clients in New Zealand and do not have a place of business in New Zealand.
 
Any opinions included in this document constitute the judgment of the document’s author at the time specified and may be subject to change without notice. Such opinions are not to be relied upon as authoritative or taken in substitution for the exercise of judgment by any recipient and are not intended to provide the sole basis of evaluation of any investment. The contents of this document are based upon sources of information believed to be reliable, but no warranty or declaration, either explicit or implicit, is given as to their accuracy or completeness. BNPP AMAU and C WorldWide, to the extent permitted by law, disclaim all responsibility and liability for any omission, error, or inaccuracy in the information or any action taken in reliance on the information and also for any inaccuracy in the information contained in the document which has been provided by or sourced from third parties. Past performance is not necessarily indicative of future performance. This document may not be copied, distributed or passed on, directly or indirectly, to any person without the express consent of BNPP AMAU and C WorldWide.

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