An actively managed fund that offers corporate bonds issued in the Nordic region. The fund is able to perform in both rising and falling interest-rate markets.
Fund manager comment
Our belief is that the environment of stable growth and reduced deflationary risks will continue during early 2018. We predict that central banks will increasingly move in pace with continued interest rate hikes from the US Federal Reserve and less expansionary monetary policy in Europe. The so-called "portfolio channel" with rising asset prices has supported economic growth ever since the last recession in 2009. There are two major questions that may be answered in 2018: will low inflation persist despite lower unemployment, and how will asset markets react to less expansionary monetary policy?
The net asset value of the fund rose 0.10 % in December. We strive to maintain a balanced portfolio and made only minor changes to its composition. This month’s return was generated mainly from current interest income from the credit book. During the period the fund chose to position itself for continued rising interest rates and reduced its duration to -0.7 compared to 0.1 at the start of the period.
During the period the fund chose to position itself for continued rising interest rates and reduced its duration to -0.7 compared to 0.1 at the start of the period.
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.
Catella Nordic Corporate Bond Flex is an actively managed alternative fixed-income fund that is able to perform in both rising and falling interest-rate markets. The fund has a flexible toolkit, which means that it can easily allocate between different fixed-income asset classes.
Unlike traditional fixed-income funds, Catella Corporate Bond Flex has the potential to parry rising interest rates.
The fund is permitted to use derivatives and to have a larger percentage of the fund invested in bonds and other debt instruments issued by individual central government and municipal authorities and within the EEA than other securities funds.
The fund was also nominated for Best UCITS Fund in Europe 2013 by Eurohedge, the financial world's Oscars. The fund is suitable for investors seeking a higher risk and the potential for higher returns than traditional fixed-income savings.
Catella Nordic Corporate Bond Flex is a daily-traded alternative UCITS fixed-income fund registered in Luxembourg. Minimum investment: 100SEK/€10