The fund blog: May 2018
Carnegie Fonder takes over global fund
Carnegie Fonder has reached an agreement with Pandium Capital AB to take over the Pandium Global equity fund and to employ its portfolio manager, Mikael Tarnawski-Berlin. “Mikael has demonstrated his...
Outlook May 2018: The importance of diversification
The extended US sanctions against Russia in April caused the Moscow exchange to slide by around 15 percent in two days. This large market movement wiped out the strong performance...
Little Duni continues to deliver stable numbers
Risk. Or, in financial jargon, “risk on” was the nature of the stock market in April 2018, particularly in Sweden as the economy pushed ahead and hundreds of companies presented...
Bufab surprises and excels
Carnegie Småbolagsfond returned 4,7% in April. Dometic was the fund’s best share in April, with a return of 13%. There were concerns ahead of the interim report that Easter and...
Nobel prize returns
The Stockholm stock exchange is phenomenal, and value investing is better. So what’s the problem? Well, lots of investors are far too impatient, according to new research. Suisse praise In...
Sustainable concepts for the long term
Climate change, diminishing resources, migration and rapid technological transformation. The world is changing and companies have to keep up. Those that look to the long term when it comes to...
Asia lacking direction
Asian markets recovered in April and rose sharply. Carnegie Asia gained 4.8 percent, due in part to a stronger dollar. The Asian markets lacked a clear direction this month. A...
New green issue from Fabege
April began with unease about trade disputes between the US and China, but overall there was greater calm after turbulent markets in both February and March. The credit market stabilised...
Primary focus on secondary market
April was a stronger month for risk assets overall than the previous two, although the geopolitical concerns remain in the background, including a trade war, relations with North Korea, the...
Profits skyrocket at Indian banks
The Indian market was very strong in April. The fund rose 9.3 percent this month, to some extent due to stronger currency. As we reported earlier, negative macro news and...
Signs of a weaker economy
After a weak March, stock markets picked up in April. The fund rose 2.0 percent. Companies generally reported a strong first quarter with high earnings growth. The main report pleasers...
Impact from US interest rates
April’s initial focus was on Russia, after the US extended sanctions to a number of new individuals and companies at the beginning of the month. These were mainly companies linked...
Welcome news from Lucara
African stock markets did relatively well in April, despite the turmoil in the rest of the world. Egypt and South Africa were among the better performers, with Egypt gaining 9...
Risk of more sanctions
Periodically we see a major sell of sell off on the Russian stock market, and April 2018 goes down as one of the most troubled months ever. Expanded US sanctions...