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Catella Sverige Aktiv Hållbarhet

Sustainability is the objective of the Catella Sverige Aktiv Hållbarhet fund, which actively seeks to identify companies where sustainability is embedded in the business concept. 

Turnover is higher in active management than in traditional equity funds and the fund aims to deliver return that exceeds its benchmark over time. Investments are selected for the fund through a combination of financial and sustainability analysis. The investment process is based on the conviction that there is a connection between a sustainable business model and persistent profitability and growth over the long term, and that this is often underestimated by the market. Having a sustainable business model involves providing products and services that offer solutions to global environment, social and corporate governance challenges. The fund’s choice of companies is also limited by negative criteria, meaning that the fund does not invest in companies that violate any of the ten principles of the UN Global Compact. The fund is also permitted to invest in derivatives as an aspect of the investment strategy.

The fund was disadvantaged by low weights in, or a lack of, heavy index names such as Ericsson and Investor, which performed well this month.
Anna Strömberg, 2018-08-31

Fund manager comment

Catella Sverige Aktiv Hållbarhet rose 1.77 % while the stock market as a whole rose 2.58%. The fund was disadvantaged by low weights in, or a lack of, heavy index names such as Ericsson and Investor, which performed well this month. We have a relatively high weight in cyclical stocks, which remain under great suspicion, and our defensive investments in telecom and health did not offset the overweight in Industry. This has been costly. On the positive side, the fund has benefited from investments with green business models, such as Tomra and Nibe, whose stock prices continued to increase. The overweight in Essity and a low weight in HM also contributed to the fund's relative development.

The stock market continued to rise in August, driven primarily by the financial sector. Banks and investment companies were strong. The industrial and IT sectors also rose, while defensive sectors such as Telecom failed to keep pace with the overall gains. The month was generally poor on corporate news, except for some late interim reports. Macro data came in somewhat mixed but showed continued growth. An important event during the period was the progress at the US-Mexico negotiating table, as well as hopes for a speedy agreement with Canada. Our base scenario is that there will be new agreements and the risk of a full-scale trade war will therefore decrease. However, the tone between the US and China remains harsh and this is the most important nut to crack.

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.


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


Anna Strömberg

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

Henrik Gripenvik

Fund manager
Direct: +46 8 614 25 56

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 Hållbart Beta 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 or phone +46 8 614 25 00.

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