Despite fluctuation in tech shares it's best to hold on to long-term plans, says fund manager

After more than quadrupling its net asset value in 2020 through excessive returns and new subscriptions by a broad array of investors, Fondita's Sustainable Europe fund has been facing more turbulence recently. Despite the ongoing market fluctuation one has to look far ahead into the future, says portfolio manager Marcus Björksten, who notes last year new investors included Central European family offices.

Marcus Björksten, Portfolio Manager at Fondita Fund Management. | Photo: PR / Fondita

After years of above market returns, high growth tech companies have faced more turbulence in recent weeks.

At Finland's Fondita Fund Management, portfolio manager Marcus Björksten notes several of Fondita's eight funds have a higher exposure to tech sector than their benchmarks. Despite the short-term volatility, the fund manager believes its important to stay unfazed by recent weeks' rotation from growth to more value-oriented industries.

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