November was a month marked by high uncertainty but at the same time several bright spots in the financial markets. Monetary policy announcements, geopolitical changes and major movements in both currency and commodity markets created recurring fluctuations. The Swedish market continued to develop relatively stably, while global indices showed a more mixed picture. Crescit returned -0.32 % and is thus up +8.16% this year. Protect had a return of -0.46 % during November, which gives 11.0% in 2025.