CF Insights
Humble – a new holding
The fund adopted Humble as a new holding this month. We believe its acquisitions help to reduce the risk of any individual product or category falling away, without missing out...
Optimistic despite nervous market
After a long period of gains, stock markets turned downward in September and all major indices outside Japan and China were negative. As in previous periods of turbulence, Carnegie Listed...
Pulp and paper stocks have fallen so the fund is expanding in Holmen
The fund reduced its share of equities in August to reduce risk. This proved timely as equities have underperformed since then. There are many explanations, but the overarching reasons are...
Focus on inflation and supply chains
September’s stock market was in many ways more dramatic than the index suggests. The market’s focus fell on supply chain bottlenecks and the associated inflation, and to some extent on...
Novatek signs UN Global Compact
Global markets had a turbulent time in September. But in Russia the rise continued, with the market noting a new ten-year high. The reason, of course, is the ever-increasing price...
Volatile equity markets in September
September was volatile for stock markets, with global equity indices falling 3–5 percent. Global credit markets were more mixed. Indications of a reduction in support purchases, hawkish signals and varied...
India’s IT services sector is making money hand over fist
The Indian market continued its strong upward trend in August. The pandemic is ongoing in the background but is receiving less and less attention, and is no longer hindering the...
KKR is undervalued
Currency effects were positive in August, adding 0.3 percentage points. The biggest winners were Ryman Healthcare, The New York Times and Salesforce, and the biggest losers were Mastercard, Qualitas and...
Greater focus on Russian carbon emissions
Like the fund, the Russian market continued to rise in August. It has remained favourable for commodity-related assets, and high gas prices in Europe have benefited Russian gas companies. Russian...
IPOs are now expected to join bids and mergers
Real estate companies performed well this month, both operationally (Q2 results) and on the stock exchange. The strong upward trend for real estate that began on the stock exchange in...
China’s common prosperity initiative
One threat to future growth is that China’s population is now shrinking, for the first time in forty years. China is approaching a Japan scenario, with an increasing proportion of...
This month’s performer: Garmin
Global equities had another positive month in August, the seventh in a row. Non-cyclical companies performed well during the first weeks of the month as long-term market interest rates began...
Real estate companies we like: Diös, Stendörren and Amasten
2021 has been a strong year for real estate. It is tough to identify companies in the sector that can continue to deliver cash flow growth without bearing high risk...
Stable flows mean allocation opportunities
The European credit market was stable in August, while growth indicators are trending back, as are inflation concerns, and both the Fed and the ECB are preparing the markets for...