Risk information

Investments in fund units are associated with risk. Past performance is no guarantee of future returns. The money invested in a fund can increase and decrease in value and it is not certain that you will get back the full amount invested. No consideration is given to inflation. The Catella Balanserad, Catella Credit Opportunity and Catella Hedgefond funds are special funds under the Swedish Alternative Investment Fund Managers Act (SFS 2013:561) (AIFM). Catella Sverige Aktiv Hållbarhet and Catella Småbolagsfond may use derivatives, and the value of the funds may vary significantly over time. The value of Catella Sverige Index may vary significantly over time. Catella Avkastningsfond may use derivatives and may have a larger proportion of the fund invested in bonds and other debt instruments issued by individual national and local authorities and within the EEA than other investment funds, in accordance with Chapter 5, Article 8 of the Swedish Investment Funds Act (SFS 2004:46). Catella Nordic Long Short Equity and Catella Nordic Corporate Bond Flex may use derivatives and may have a greater proportion of the funds invested in bonds and other debt instruments issued by individual national and local authorities and within the EEA than other investment funds. For more details, complete prospectuses, key investor information, and annual and half-yearly reports, please refer to our website at catella.se/fonder or phone +46 8 614 25 00.

Our funds

Fund name
1 day
YTD
NAV
Date
Alternative funds
-0.01
2.96
173.34
18 Aug
0.02
0.09
150.12
18 Aug
0.02
0.21
148.11
18 Aug
Equity funds
-0.94
3.53
423.27
18 Aug
-0.70
5.64
380.85
18 Aug
-0.70
5.78
1831.69
18 Aug
-1.41
2.08
541.55
18 Aug
Fixed income funds
0.01
1.04
129.04
18 Aug
-0.01
5.56
111.09
18 Aug
0.01
4.39
126.93
18 Aug
0.01
4.43
128.24
18 Aug
Balanced funds
-0.43
1.87
164.47
18 Aug

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ERIK KJELLGREN COMMENTS

Swallows and black swans

Many species of swallow live in close proximity to people, and often nest next to, or even inside, houses and barns. In some parts of the world the swallow is seen as a symbol of life and a bearer of good fortune. Here at home, in Sweden, it is often seen as a harbinger of summer. The expression “One swallow does not a summer make" suggests this link, but we would also use it to suggest that a single event is not necessarily enough to act as statistical proof.

When Nassim Nicholas Taleb writes of black swans he is also, to some extent, talking about probabilities, but above all about expectations. If our understanding of the world is that “all swans are white”, and we suddenly discover a black swan, we are slightly shocked. A black swan is defined from this point of view as an unexpected event with extreme consequences that occurs without warning and is impossible to predict. 

Read more here