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Catella Sverige Aktiv Hållbarhet

Investments in fund units are associated with risk. Past performance is no guarantee for 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.

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.

Catella Sverige Aktiv Hållbarhet´s NAV increased in October by 5.25%, compared with the fund's benchmark index 5.03% (SIXRX).
Sven Thorén, 2021-10-31

Fund manager comment

Catella Sverige Aktiv Hållbarhet´s NAV increased in October by 5.25%, compared with the fund's benchmark index 5.03% (SIXRX). The end of October was marked by the Q3 reports, which, in several cases, gave large movements for individual shares but meant that the market as a whole was calmer. The largest positive contribution to the fund came from bank shares; SEB and Nordea. AstraZeneca and EQT were other shares that made a positive contribution. The worst position was Swedbank but also the underweight in Lundin Energy (no position) and Inwido contributed negatively. Energy was the sector that contributed most negatively during the month. Finance and pharmaceuticals made the largest positive contributions.

The Stockholm Stock Exchange turned around and ended the month at 5.03%. Inflation expectations continued to rise slightly in October to the highest levels we have seen in many years. Commodity and energy prices generally also continued up in October and container freight rates remain at high levels. The economic statistics were generally strong and slightly better than in September. This calmed the stagflation concerns, which gave support to the stock market. With continued negative real interest rates, equities still appear to be a decent alternative to bonds. The market shook off concerns about the possible effects of upcoming tapering (that the Federal Reserve will reduce bond purchases) and credit problems in China.

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

Martin Nilsson

Fund manager
Direct: +46 8 614 25 64
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Sweden

Sven Thorén

Fund manager
Direct: +46 70 617 00 67
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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 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.com/funds or phone +46 8 614 25 00.

Investments in funds are subject to risk. Past performance is no guarantee of future returns. The money invested in a fund can increase and decrease in value and there is no guarantee that you will get back the full amount invested. Read more here