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Sustainability for us

Catella Fondförvaltning AB, today manages funds with different management styles and risk profiles. We offer four types of funds and investment models; alternative funds, equity funds, fixed income funds and mixed funds. Our geographical focus and knowledge are concentrated on the Nordic region.

Sustainability is business critical and can offer both opportunities and risks, with increased global awareness of world-wide challenges and greater client insight in this area. Catella Fonder became a signatory to the UN's Principles for Responsible Investment (PRI) in September 2009 as part of its efforts to be a responsible investor and shareholder. These six principles form the foundation of Catella Fonder's sustainability efforts, and we believe that increased focus on sustainability contributes to the value development of the funds by highlighting the risks and opportunities in the portfolio companies. Based on our own values and our clients' preferences, this position has resulted in the integration of environmental, social and governance aspects with our management activities. The policy applies to all of Catella Fonder's actively managed equity funds, including Catella Hedgefond (Catella Sverige Index is excluded from this part), and their Nordic equity holdings.

Review and screening of holdings:

Catella Fonder's portfolio managers incorporate ethical considerations into their company analysis and investment decisions. The company has appointed a sustainability manager to guide the ongoing portfolio management. The holdings and investment universe of each fund (based on the SIXRX and VINX indexes) is screened twice annually by Sustainalytics, based on

  1. Global norms and conventions that identify portfolio companies involved in violations of international norms relating to the environment, human rights, corruption and working conditions.
  2. Sectors and products that are controversial based on the sustainability policy of Catella Sverige Aktiv Hållbarhet.

The results of the screening are monitored internally within Catella Fonder by the portfolio managers and the Risk function. Portfolio companies that violate international norms are divested if information is received that a portfolio company is in breach of the above principles. Portfolio companies involved in controversial sectors and products are managed according to the sustainability criteria set for each fund, which are contained in the prospectus.

Sustainability of governance in portfolio companies

In their ongoing contact with portfolio companies, the portfolio managers should engage in dialogue about the risks associated with ESG, at both company level and supplier level, and should encourage the companies to be transparent in this area. It should be natural for the portfolio managers to approach sustainability managers when gathering information about ethics at portfolio companies.

As a shareholder, Catella Fonder strives to ensure that the portfolio companies in which the funds invest take account of ethics and sustainability in the areas of environmental, social and governance (ESG) in their activities. Catella Fonder also works towards increased transparency and reporting of ESG in the companies we invest in.

Monitoring and documentation

Monitoring and documentation: The Risk function is responsible for monitoring compliance with Catella Fonder’s policies for sustainability and responsible investment in the management of its funds. Furthermore, the sustainability work is documented through the following documents.

  1. Annually in a Sustainability Review in accordance with the guidelines of the Swedish Investment Fund Association, which can be found on our website.
  2. Swesif’s Sustainability Declaration, which is currently prepared for the actively managed funds – including Catella Hedgefond (Catella Sverige Index is excluded from this part).
  3. PRI survey that reports on the work of Catella Fonder.
  4. The Annual Reports for our funds, which from 2018 contain accounts of the Sustainability Profile of each fund and any nonconformities and consequent action.

 READ THE OWNERSHIP POLICY

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.
Last changed: 14 February 2018

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