Catella Småbolagsfond

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

Fund manager comment

US data continued to improve this month, and the US Federal Reserve raised interest rates as expected. In Europe, the ECB announced that that it will leave interest rates unchanged, and reiterated the message that key rates will remain at current levels or lower for a long time to come. Overall expectations ratcheted up further, mainly on leading indicators, which means the burden of proof for the reporting season, which kicks off soon, has increased markedly.

The Stockholm stock exchange continued to rise in March, mainly driven by large companies in the engineering sector. Small caps were weaker, and the Carnegie Small Cap Index ended unchanged. The fund was down 0.43 %, with the holding in Mycronic burdening performance. Clothing companies also had a weak month with RNB, in particular, falling after the presentation of its interim report. On the upside there were particular contributions from biotech companies Hansa Medical and Camurus, which are both having an exciting year with plenty of news anticipated in the first half. Other contributors were the underweight in Fingerprint and the fact that the fund was underweight in real estate.

Henrik Holmer, 2017-03-31

On the upside there were particular contributions from biotech companies.

Short Facts

Inception date: 16/02/1998
Risk category: 5
Sharpe ratio since inception: 0.51
Standard deviation, 2 years weekly data annualised: 14.98%
Year to date: 2.93%
Management fee: 1.5%

Data per 2017-03-31

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
0.66
7.99
22.94
80.28
166.76
161.28
572.90
28 Apr
5
KIID
Fund rules
Prospectus
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016

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.