The financial sector after five strong years - what drives further development?
The financial sector has had five very good years and has outperformed the broad market by a full 40 percentage points. The question is: Has the sector now exhausted its potential, or is there more to gain?
Strong development and new trends in the financial sector
The global financial sector is experiencing significant growth and change, and this is at the center of this webinar with the managers Kjell Morten Hjørnevik and Knut Bakkemyr in the studio together with Marius Brun Haugen. The conversation provides an updated picture of what characterizes the sector right now, and which factors are crucial for its development.
The managers state that the financial sector is delivering strong returns, largely thanks to earnings growth and dividends, driven by a normalization of interest rates following the financial crisis. The companies are well-capitalized, have adapted to new regulatory frameworks, and appear attractively priced relative to other sectors and the broader global market. This allows the companies to focus on creating value. Over the past year, the sector has shown resilience and stability despite market turmoil (tariffs/trade conflicts), the AI trend, and expectations of changes in interest rates.
The webinar also addresses results from the third quarter, where particularly investment banks and banks' earnings stand out positively. At the same time, credit events in the USA are discussed, and the managers consider these to be isolated incidents rather than signs of systemic risk.
Another key topic is how large investments in artificial intelligence and data centers are impacting the financial sector, both through increased economic activity and new financing needs. The managers also highlight regulatory changes in Europe and the USA, and how these facilitate further growth and innovation.
In conclusion, they share insights about the fund's development, what adjustments are being made in the portfolio, and what risk factors and opportunities they see for the sector moving forward. The webinar provides a comprehensive picture of a sector in transition, with solid results and exciting prospects.
