Catella Småbolagsfond

Invests in Swedish small sized companies and focuses on finding undervalued companies. Genuine stock picking, in other words.

Fund manager comment

We are in the midst of the reporting season for the fourth quarter, and so far we have seen strong numbers from both Dustin and Ahlsell. Most smaller companies report in February. In addition, there has been strong macro data, including purchasing managers' indexes. There has also been plenty of focus on Donald Trump's early days and actions as US president.

The year began with rising stock markets, but with small caps experiencing slightly lower gains than large caps. The Carnegie Small Cap Index was up 1.35 %. After a very strong finish to the year, the fund had a somewhat weaker period in January and was up 0.55 %. Betting companies continue to have a tough time, and this month's losers in the fund were Kambi and Kindred (formerly Unibet). Gränges was this month's winner, partly on speculation that China will cut back on aluminium capacity. We increased our holding in Mekonomen in December, which has since contributed positively.

Henrik Holmer, 2017-01-31

The year began with rising stock markets

Short Facts

Inception date: 16/02/1998
Risk category: 5
Sharpe ratio since inception: 0.51
Standard deviation, 2 years weekly data annualised: 15.38%
Year to date: 0.55%
Management fee: 1.5%

Data per 2017-01-31

Fund managers

Henrik Holmer

Phone: +46 8 614 25 28
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Martin Nilsson

Phone: +46 8 614 25 64
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Risk indicator

The risk and reward indicator illustrates the link between risk and potential returns from an investment in the fund. The indicator is based on how the fund’s value has changed over the past five years. Category 1 does not mean that the fund is risk free. The fund may over time move towards the left or right of the scale. This is because the indicator is based on historical data which is not a guarantee of future risk and reward. For information about the risk classification of each fund, please refer to the fund’s key investor information document.

Lower risk
Higher risk
Typically lower rewards
Typically higher rewards
1
2
3
4
5
6
7

FACTS

Catella Småbolagsfond invests in Swedish small caps and focuses on finding undervalued companies. Genuine stock picking, in other words. 

The fund is intended for investors seeking exposure to Swedish small caps, with a higher expected return than the Swedish stock market indices and who have an investment horizon of at least five to seven years. The fund is permitted to use derivatives and the net asset value of the fund may fluctuate considerably.

Historical performance

1 day
YTD
1 year
3 years
5 years
10 years
NAV
Date
Risk
0.63
4.08
23.98
83.75
158.07
157.57
552.14
20 Feb
5
KIID
Fund rules
Prospectus
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016

Risk information

Investments in funds are subject to risk. Past performance is no guarantee of future returns. The money invested in a fund can increase and decrease in value and there is no guarantee that you will get back the full amount invested. No consideration is given to inflation. The funds Catella Balanserad, Catella Credit Opportunity, Catella Hedgefond and ICA-fonderna are special funds pursuant to the Swedish Alternative Investment Fund Managers Act (SFS 2013:561) (AIFMA). For a complete prospectus, key investor information, or the annual and half-year reports, please contact us using the details below.