The US presidential election inspired many Finns to diversify their investments in the US, OP: n you can tell from the customer data.
“November as a whole brought excellent returns for the globally diversified investor, but the return differences were exceptionally large. The euro investor received returns of over nine percent from the United States in November, but the other extreme was Finland, whose stock market went into the red again,” OP’s chief strategist Lippo Suominen states in the bank’s announcement.
The effects of the presidential election were also reflected in OP’s customers’ share purchases, as in November the share of foreign shares in share purchases was five percentage points higher than in October.
Discounted UPM-Kymmene most bought
US companies were the focus of purchases of foreign shares in November, and the most net purchased foreign share of the month was a chip company at OP Nvidia.
OP’s Individual customers bought the most in November, however, a forestry company UPM-Kymmenea fuel company Liquid and tire manufacturer Nokian Tires shares.
UPM-Kymmene’s share price fell in November, and many could see the situation as an interesting place to buy. The stock price on the last day of the month was the lowest since the end of 2020, reminds OP’s senior analyst Henri Parkkinen in the bulletin.
“Possible reasons for the price drop were uncertainty related to economic growth, risks related to the development of the pulp market and the fact that the market reassessed the attractiveness of various industries after the US presidential election,” says Parkkinen.
“However, in recent years, UPM-Kymmene has invested significantly in new production capacity, which, according to market estimates, allows for considerable profit growth when the market situation improves.”
In addition to UPM, Neste and Nokian Tires, OP’s customers also bought I coached, Mandatum, Outokumpu, of the Qt Group, Dataevryn, Huhtamäki and Forest Board shares in their portfolios in November.
The United States also leads in funds
In November, OP-Amerikka Index investment fund, which invests in shares of the largest listed companies in North America, took the top spot among the most purchased funds by OP’s personal customers.
In addition, the third most bought fund of the month, OP-Amerikka Pienyhtiöt, also mainly invests in the US stock market.