11 February 2021, Sweden | News
The Board of Directors of Catella SICAV has decided to close Catella Nordic Long / Short Equity fund as of February 26, 2021.
The reason for the decision is based on the fact that assets under management have become far too low to conduct cost-effective management in the long term, as a result of unsatisfactory value development.
This means that from now on it is not possible to buy units in the fund. You who are an existing unit holder can switch to another fund. Remaining units when the fund closes on February 26 will be redeemed and paid out to the unit holder. It is important to remember that in the event of an exchange and sale, a tax loss / capital gain arises. Information will be sent to all unit holders by post or obtained via each customer's custodian bank.
The above is part of the changes and renewals that have taken place within Catella Fonder since Athanase became the new principal owner in September 2020.
If you have any questions, please contact sales@catella.se by email or phone +46 8-614 25 00.
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.