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Six straight years of gains
Carnegie Strategy Fund

Six straight years of gains

Nordic stock markets experienced a slightly weaker December, with a small decline. Interest rates rose slightly, while credit spreads remained stable overall. The fund fell 0.8 percent. It therefore closed...

John Strömgren 1 January 2018
Balanced bonds and equities
Carnegie Strategy Fund

Balanced bonds and equities

Development was relatively weak in November in European equity markets, particularly in Sweden.  The euro appreciated against most currencies, which is one explanation for the trend, but the Swedish krona...

John Strömgren 6 December 2017
Slight reduction in proportion of equities
Carnegie Strategy Fund

Slight reduction in proportion of equities

Often associated with troubled markets, October this time showed generally strong equity and debt exchanges. The global economy is strong and inflation remains low. Despite its gains, the Swedish stock...

John Strömgren 1 November 2017
Excessive slides for our construction stocks
Carnegie Strategy Fund

Excessive slides for our construction stocks

There is a clear risk of a correction in the Swedish housing market. We therefore prefer companies with operations abroad and in infrastructure. After relatively weak summer months for the...

John Strömgren 2 October 2017
Avoiding the overvalued stars
Carnegie Strategy Fund

Avoiding the overvalued stars

With the summer months behind us we can look back on challenging markets conditions from the Swedish investor’s perspective. Most stock markets have lost value; not always in local currency,...

Erik Amcoff 1 September 2017
Increased exposure to bank stocks
Carnegie Strategy Fund

Increased exposure to bank stocks

Carnegie Strategy Fund fell back 1.9 percent in July. Since the start of the year it has gained 6.0 percent. The main explanation of July’s downturn lies in the investment strategy...

John Strömgren 1 August 2017
Good chance of continued gains
Carnegie Strategy Fund

Good chance of continued gains

The single most important asset class in the Strategy Fund is Swedish equities listed on the Stockholm stock exchange. June was the first month since October 2016 that the Stockholm...

John Strömgren 3 July 2017
Is Telia’s trudge coming to an end?
Carnegie Strategy Fund

Is Telia’s trudge coming to an end?

May was another really fine month for Carnegie Strategy Fund, which rose 2.1 percent. The Akelius preference share is a new holding with an attractive dividend yield. The sentiment in...

John Strömgren 1 June 2017
Reducing our risk level
Carnegie Strategy Fund

Reducing our risk level

April was a good month for the Nordic equity and credit markets. This naturally contributed to Carnegie Strategy Fund’s strong performance, as it gained 3.5 percent in April and therefore...

John Strömgren 2 May 2017
Portfolio underpinned by RSA and SCA
Carnegie Strategy Fund

Portfolio underpinned by RSA and SCA

After performing for a few months in line with traditional expectations for an economic upturn, the securities markets appeared to take a more sceptical stance in March. Rising interest rates...

John Strömgren 2 April 2017
Higher proportion of equities
Carnegie Strategy Fund

Higher proportion of equities

Corporate year-end reports generally attested to a strongly growing economy. The good earnings trends are explained not only by lower costs but also by higher demand. The deflation concerns that...

John Strömgren 1 March 2017
Generous dividends ahead
Carnegie Strategy Fund

Generous dividends ahead

After the very strong finish to 2016, the performance of the Carnegie Strategy Fund was more cautious in January. The gain was only 0.3 percent. While much of the media’s...

John Strömgren 3 February 2017
Hopes for growth mean hopes for engineering
Carnegie Strategy Fund

Hopes for growth mean hopes for engineering

December offered a good end to 2016 for the Strategy Fund, with a gain of 3.3 percent. The full-year return for the fund therefore reached a solid 13.1 percent. Trump‘s...

John Strömgren 1 January 2017
Why the Swedish krona fell
Carnegie Strategy Fund

Why the Swedish krona fell

Long-term interest rates rose slightly in October on signs of higher inflation in the world around us. It remains to be seen whether interest rates have bottomed out; rises in...

John Strömgren 7 November 2016