CF Insights: Carnegie Strategifond
More cautious offensive
The recovery in the economy and the stock markets continued in November. That said, reports of higher-than-expected inflation, mainly for durable goods, raised concerns. There is reason to believe that...
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...
Carnegie Strategifond is not a traditional mixed fund
A traditional mixed fund normally consists of 60 percent equities and 40 percent bonds. The idea is for the bonds to provide a stable return and a rise in value...
A sustainable, financially strong and motivated main owner
As in recent quarters, the vast majority of companies have already exceeded high expectations in the first quarter of the year. In many cases, this means that the large share...
Investor: one of the major contributors to the fund’s positive performance
Risk assets were strong in June. On the equities side, both IT and energy companies did well, with the latter benefitting from rising oil prices. Long-term interest rates fell slightly...
Kinnevik shares stabilised and rose
The fund’s rise continued in May. The expectations that have driven the markets in recent months are now beginning to become apparent. The spread of infection is declining, vaccination has...
Three in four Swedish listed companies beat analysts’ expectations
Macroeconomic data, both retrospective and forward-looking, have in recent months pointed to significantly higher global economic activity than previously expected. Although EU GDP shrank during the first quarter due to...
Component shortages mean more demand for production capacity
The industrial economy continues to grow despite pandemic closures. Historically large fiscal and monetary stimulus in the United States has led to raised growth expectations, and an apparently successful vaccination...
Increased demand for shares in more cyclical industries
The securities markets were initially shaped by investor hopes of strong economic growth in the second half of the year, while central banks will work to keep interest rates down....
Companies make up for lost demand
The new year began as the old one ended, with rising prices in both equity and credit markets. The markets are looking to a strong economic recovery during the second...
There is still surplus value in Swedish forest land
The turbulent 2020 ended with a relatively calm December. Neither the stock markets nor the fixed income markets moved to any great extent. That said, it is worth noting that...
More treasures on Skanska’s balance sheet
November was an unusually strong month on the stock exchanges. Hopes that life can begin to return to normal, at least in the second half of 2021, led to a...
Surprisingly strong reports from Lifco, Epiroc and Volvo
After having risen every month since March, the fund fell 3.7 percent in October, taking the performance so far this year to -1.7 percent. The stock markets, and to some...
Increased forest exposure
The fund rose 4.21 percent in October, and has now risen six months in a row. The big drop in March has now been recovered, and performance so far this...