January 2026: Geopolitical tensions cause nervous stock markets
Investors in the Sustainable Dividends Value Fund achieved a return of 0.8% last month. January was rife with geopolitical tensions, and stock markets reacted nervously. The verbal dispute over Greenland between Denmark and the United States caused many analysts to question the continued existence of NATO. It has become clear once again to European countries that the continent can no longer rely solely on America for its own security. In the coming years, this new understanding will lead to increased investment by European governments in defense, security, and infrastructure. European companies are expected to benefit from this and show significant growth in revenue and profits in the coming years. When the Greenland debate faded in the second half of January, stock markets recovered, with technology companies and banks in particular showing a strong recovery. Ultimately, the MSCI Europe Index rose by 3.1% in January. Investors in our fund have achieved returns of more than 100% since the strategy’s inception in 2016.