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Catella Nordic Corporate Bond Flex RC

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.
Thomas Elofsson, 2017-12-31

Fund facts

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.

Fact

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

Historical development

Fund manager

Sweden

Thomas Elofsson

Head of Portfolio Management and Fund manager
Direct: +46 8 614 25 62
Sweden

Stefan Wigstrand

Fund manager
Direct: +46 8 614 25 58

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.

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