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Catella Nordic Long Short Equity RC

An alternative equity fund that can perform in both upturns and downturns. Even out the ups and downs!

Fund manager comment

The Nordic markets underperformed the rest of the world and were down in December. The Stockholm stock exchange was particularly weak. One of the main reasons was a poor showing by Hennes & Mauritz, which reported very disappointing sales figures for the fourth quarter. The strongest Nordic sectors this month were Oil & Gas and Materials, driven by rising commodity prices.

The US Federal Reserve made an interest rate announcement this month. For the third time in 2017 it chose to raise the key rate by 25 basis points to the new range of 1.25-1.5 percent. The Fed committee was not unanimous, however, and some members wanted to leave rates unchanged.

Catella Nordic Long Short rose 1.5 percent this month while the VINX Nordic index fell 0.6 percent. The best performing shares this month were mainly those related to commodities.

The best stocks were PGS, BW Offshore and Outotec. At the start of 2018, PGS announced that its results will far exceed market expectations for the fourth quarter. The share rose 18.2 percent on this news.

The best stocks were PGS, BW Offshore and Outotec.
Martin Nilsson, 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 Long Short Equity is an alternative equity fund with a Nordic focus that can perform in both upturns and downturns. It has lower risk than the stock market and should deliver a competitive return. The fund is managed by Martin Nilsson and Ola Mårtensson.
The fund is suitable for investors seeking equity exposure with the opportunity to also make money in a falling stock market.

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.

Target return: Absolute return with a good risk-adjusted return

The fund is a Luxembourg-listed daily traded UCITS fund. The minimum deposit is 100 SEK/10€.

Historical development

Fund manager

Sweden

Ola Mårtensson

Fund manager
Direct: +46 8 614 25 79
Sweden

Martin Nilsson

Fundmanager
Direct: +46 8 614 25 64

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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