Spring has arrived. During the past couple of months
both nature and the world economy have felt the
milder air. This may prompt some investors to drop
the reins in a fit of spring playfulness and blindly
jump on the risk bandwagon.

However there is good reason to keep both feet on
the ground and not get carried away by the spring
mood. The uncertainty surrounding global economic
developments in the financial markets is tremendous.

The global economy may emerge from the crisis
relatively quickly so that financial markets can
continue to thrive – as they have over the past months
– and return to the peak levels of 2008. However it can
definitely not be ruled out that the spring mood will
fizzle out and be replaced by new price declines for
fear of a protracted economic crisis.

In our latest edition of Sydbank "investments" you can
read our take on the future direction of the world economy
and financial markets, from which investors are
welcome to seek inspiration.

However due to the great uncertainty individual advice
is more essential than ever. Therefore we recommend
that investors stay in close contact with their advisers
and evaluate their risk profiles. This may prove very useful
when making investment decisions in the current unstable
situation.

Jacob Graven

Editor in Chief "Sydbank Investments"

To read the current edition of "Sydbank Investments"
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