The fund blog
Bigger stakes in Nordic Entertainment Group and Peab
The Stockholm exchange rose 5.5 percent in May. The small cap index rose 8.9 percent. Carnegie Småbolagsfond rose 6.2 percent. We have increased our holding in Nordic Entertainment Group. May...
The stock market and society are opening up
Every investor around the world is wondering why stock markets are rising. The simple answer is because no one wants or expects it (!); everyone is waiting for a downturn,...
The world continues to watch China and Hong Kong
Asian markets were somewhat weaker in May, but did not fall as much in local currency. Almost the entire downturn consists of a 4.0 percent weakening of the dollar against...
Record valuation gap between growth stocks and value stocks
Securities markets have gained successive vigour as the spread of the coronavirus has slowed and a number of countries have begun to ease restrictions on people leaving their homes. Stock...
India was already cooling before lockdown
The Indian market fell again in May. Carnegie Indienfond fell 7.4 percent this month, largely due to a weakening of the currency. The Indian rupee fell 4.7 percent against the...
Credit markets often lack the foresight of equity markets
Global markets rose in May on news that several countries are gradually lifting their restrictions following a steady trend with declining numbers of infections and deaths. Oil had its best...
Raring to go
After 2 months of corona worries, global markets rose sharply in May on news that several countries were gradually easing restrictions and beginning a comeback as infection curves flatten out...
Inditex och Matercard – Investments in long-term winners
We have invested in Inditex, the company behind the Zara clothing chain. This is my first investment in retail in a very long time. I think most retailers will find...
Oil companies rose steeply in May
Carnegie Rysslandsfond fell 1 percent in May. The decrease is mainly due to the appreciation of the Swedish krona, which is up 5 percent since the end of April and...
Record valuation gap between growth stocks and value stocks
Securities markets have gained successive vigour as the spread of the coronavirus has slowed and a number of countries have begun to ease restrictions on people leaving their homes. Stock...
Strong month for credits
Covid-19 continues to dominate the global news flow. Most countries are gradually opening up, and there seems to be some slowing of the spread. The performance of the credit market...
Staycation winner
Dometic was the fund’s best holding in April, with a gain of 48 percent. We upped our stake after the March slump, and it still has some way to go...
Two new holdings
April was Carnegie Global’s best month ever, with a rise of 14.7 percent. This record was of course helped by the previous month being the fund’s worst ever. The biggest...
Underlying yield: 15 percent
The initial fall in prices was similar across the board, but pricing in April increasingly reflected underlying operations and the impact of Covid-19. That said, there are still big differences...