Swedish Defined Risk 12 was up in June mainly due to the equity markets. Like many other funds, Defined Risk 12 is predicting a slow rebound in the world economy.

- Tightening in China in order to avoid overheating while the western world, scared by the Greek experience, tightens fiscally does not bode well for growth. Sensitive commodity markets such as lumber and copper do also point in that direction, writes Defined Risk 12.

Defined Risk 12 rose 0.85 pct in June.