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Catella Sverige Aktiv Hållbarhet

A fund that has sustainability objectives should not simply opt out of certain companies, but instead should actively seek out those that have sustainability within their actual business concept. This is the principle of Catella Sverige Aktiv Hållbarhet.

Fund manager comment

Catella Sverige Aktiv Hållbarhet closed down 1.46%, which was slightly weaker than the index as a whole, which was down 1.29%. The largest sector-level falls were in consumer goods, with H&M still struggling, which favoured the fund's relative performance since we have a low weighting in H&M compared to the index. However, the holding in Husqvarna has been expensive as the cold weather delays the all-important spring sales. The industrial sector also demonstrated weakness, with a negative impact on fund performance since this is our single largest sector position. However, the holding in deposit and recycling company Tomra helped this month when its share price surged on news that the UK is getting closer to introducing a deposit scheme.

February's nervousness on global stock markets continued into March. The danger of a trade war began to be priced in as the tone between the US and China intensified. Our basic belief is that the cyclical recovery has more to give but, as always, we are keeping a sharp eye on geopolitical events. There were interim reports from the apparel companies this month, which again showed weak numbers, partly down to the delayed spring weather in Europe and partly due to the structural shift to online shopping, with traditional clothing companies offering a weaker range than pure online sellers.

Our basic belief is that the cyclical recovery has more to give but, as always, we are keeping a sharp eye on geopolitical events.
Anna Strömberg, 2018-03-31

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 Sverige Aktiv Hållbarhet offers a concentrated portfolio of carefully selected Swedish shares, which means the potential to obtain better returns than the index. The fund invests with a focus on large and medium-sized businesses.

The fund is permitted to use derivatives and the net asset value of the fund may fluctuate considerably. The fund is intended for investors seeking active management of Swedish equities and with an investment horizon of at least five to seven years.

Historical development

Fund manager

Sweden

Anna Strömberg

Fund manager / Sustainability Manger
Direct: +46 8 614 25 76
Sweden

Henrik Gripenvik

Fund manager
Direct: +46 8 614 25 56
Sweden

Henrik Holmer

Fund manager
Direct: +46 8 614 25 28

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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