LadyFinn
Imperial Majesty
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The royal children made a well timed stock sales, writes Dagens Industri.
The Royal Children's portfolio is called Gluonen and is mainly owned by Crown Princess Victoria, Prince Carl Philip and Princess Madeleine.
According to Dagens Industri, successful sales of shares were made in September. Then 2,700 shares were sold in the company Epiroc, writes the newspaper and refers to the holding company Holdings.
According to Di, sales represent a gain for the grandchildren, as the sale seems to have been made in September. When the stock was listed on the Stockholm Stock Exchange in June, the share cost SEK 84. In September, the value of the share was at most SEK 93, which would have given the royal children a win of SEK 114,300.
The portfolio is currently worth SEK 25.3 million and the largest ownerships are in Investor and Latour investment companies. Third place is the workshop Sandvik and fourth place in Volvo, Di writes.
The shares in Epiroc were only held for five months, but otherwise, the strategy for the portfolio is long-term, says director and treasurer of the court Jan Lindman, CEO of Gluonen. He manages the Royal Children's portfolio together with Chairman Fred Wennerholm and Financiers Fredrik Palmstierna and Richard Montgomery.
Even though the stock market is in an awkward time, Jan Lindman is not worried.
- If you can be long-term, you can stand up with some ups and downs during the trip. We basically have a positive view of the market and think that Swedish equities are long-term investments. In the long term, it should go up so we are not stressed by the recent downturns, he says to Dagens Industri.
He also says that the royal children have no opinion about which companies the portfolio manager is investing in. Sometimes the royal children receive information about how it goes, but the managers never ask advice from the royal children about how they invest in Gluonen.
- It has to do with the fact that the king in particular, but also other members of the royal family, are very well informed. In different contexts they have dialogues with the government or meet corporate executives and may receive information that is not public. Then we do not want to risk that our activities in these portfolios would be based on some insider information, he says to Di.
Kungabarnens senaste aktieklipp på börsen
The Royal Children's portfolio is called Gluonen and is mainly owned by Crown Princess Victoria, Prince Carl Philip and Princess Madeleine.
According to Dagens Industri, successful sales of shares were made in September. Then 2,700 shares were sold in the company Epiroc, writes the newspaper and refers to the holding company Holdings.
According to Di, sales represent a gain for the grandchildren, as the sale seems to have been made in September. When the stock was listed on the Stockholm Stock Exchange in June, the share cost SEK 84. In September, the value of the share was at most SEK 93, which would have given the royal children a win of SEK 114,300.
The portfolio is currently worth SEK 25.3 million and the largest ownerships are in Investor and Latour investment companies. Third place is the workshop Sandvik and fourth place in Volvo, Di writes.
The shares in Epiroc were only held for five months, but otherwise, the strategy for the portfolio is long-term, says director and treasurer of the court Jan Lindman, CEO of Gluonen. He manages the Royal Children's portfolio together with Chairman Fred Wennerholm and Financiers Fredrik Palmstierna and Richard Montgomery.
Even though the stock market is in an awkward time, Jan Lindman is not worried.
- If you can be long-term, you can stand up with some ups and downs during the trip. We basically have a positive view of the market and think that Swedish equities are long-term investments. In the long term, it should go up so we are not stressed by the recent downturns, he says to Dagens Industri.
He also says that the royal children have no opinion about which companies the portfolio manager is investing in. Sometimes the royal children receive information about how it goes, but the managers never ask advice from the royal children about how they invest in Gluonen.
- It has to do with the fact that the king in particular, but also other members of the royal family, are very well informed. In different contexts they have dialogues with the government or meet corporate executives and may receive information that is not public. Then we do not want to risk that our activities in these portfolios would be based on some insider information, he says to Di.
Kungabarnens senaste aktieklipp på börsen