Archive
Stillfront deserves more
Carnegie Småbolagsfond rose 1.5 percent in January. Stillfront was this month’s best holding, with a gain of 27 percent. Stillfront continues its successful combination of strong organic growth and value-adding...
Exaggerated reactions in both directions
“As goes January, so goes the year,” is a popular expression from the other side of the Atlantic and, considering how the year began over there, it looks like being...
Big profit gain for Mexican Qualitas
Carnegie Global rose 2.7 percent in January, with currency effects contributing around 2.2 percent. Several of our portfolio companies reported for the full year 2019 in January, and the news...
New holdings focus on energy efficiency and renewables
The news flow during the first month of the year was dominated by the coronavirus and its spread. This inevitably led to concerns in the markets globally. Long-term interest rates...
Expect Chinese stimulus
Asian stock exchanges were weak in January. Carnegie Asia fell 1.6 % this month. Wuhan, China Asia’s stock exchanges began the year with rising prices after China provided economic stimulus...
Hoping from extra dividends from Volvo
Most fund holdings have now posted fourth-quarter 2019 results. Volvo, SCA, Holmen and NCC were among those with positive results, and the numbers from SEB and Swedbank were also welcomed....
Focus on the secondary market
The year started with a continuation of the previous year’s strong sentiment, but quickly soured with US-Iran military tensions and the Chinese coronavirus spreading globally. Although the future is impossible...
Strong Nordic market despite global concerns
The new year began similarly to last year, with good risk appetite and a continued search for returns. But the strong sentiment was abruptly impacted by US-Iran tensions and the...
Indian profits impress
The Indian market outperformed the rest of Asia in January. Carnegie Indienfond rose 2.2% this month. As faithful readers may have noted, it has been difficult to be impressed by...
Russian central climate plan
Rysslandsfond rose steeply at the start of 2020, but the coronavirus outbreak in China hit the market and led to a sharp correction. Almost the entire gains for the year...
“A great investment opportunity”
“Low corruption, high transparency, good diversification and world leading companies that are focused on having sustainable businesses”. The arguments for Nordic credits are many, says credit manager Maria Andersson. In...
A veritable cash cow
December was another strong month for the Stockholm stock market. A gain of around 2 percent made this year the best in a decade. Hand on heart, there were few...
Bright future for undervalued Fenix
The Stockholm stock exchange rose 3.5 percent in December and Carnegie Småbolagsfond was up 5.9 percent. Fenix Outdoor, which owns the important Fjällräven brand, was the month’s most positive contributor...
Chinese phone maker Xiaomi joins the portfolio
Asian stock exchanges saw a strong end to the year. Carnegie Asia rose 3.4 percent in December. Over the full year the fund rose 21.2 percent, and given the starting...