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Risk information Past performance is no guarantee for future performance. Fund units may go up or down in value and investors may not get back the amount invested.


about the fund

Carnegie Bear is an alternative fund that is suitable for the investor who believes that the Swedish stock market will have a negative development for a shorter period. The fund aims to provide a daily return that corresponds to 90 percent of the daily opposite change of the Swedish index OMX Stockholm 30 ESG Responsible Gross Index.

Fund manager

Emil Nordström

Mathematician, economist and civil engineer in technical physics from Uppsala University. Has worked in the financial industry since 2004.

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  1. Past performance is not a reliable indication of future performance, as markets may develop completely differently in the future. The information may help you assess how the fund has been managed in the past.
  2. This unit class was launched 2015-02-05.


The information below is presented in compliance with EU Regulation 2019/2088 Sustainable Finance Disclosure Regulation (SFDR).

The information below is presented in compliance with Regulation (EU) 2019/2088, the Sustainable Finance Disclosure Regulation (SFDR). Carnegie Bear promotes environmental and social characteristics through its investments but does not have sustainable investment as its objective.  The fund company applies three general methods in fund management to manage and limit sustainability risks: positive screening, negative screening and advocacy.

The fund provides a negative exposure to the OMX Stockholm 30 ESG Responsible index, an equity index comprising the most frequently traded equities on Nasdaq Stockholm that satisfy the index’s ESG requirements. The fund invests between 80% and 90% of its assets in interest-related transferable securities and money market instruments, which must all meet the fund’s sustainability requirements.   The remaining share of fund assets, approximately 10-20%, is deposited to accounts with credit institutions.

The fund company continuously monitors compliance with the environmental/social characteristics that the fund promotes. The fund company analyses each investment to ensure that the investment contributes to promoting good governance practices and environmental and social characteristics. Information about corporate exposure to excluded activities and incidents that result in violations of international norms and conventions is obtained from ISS. There are various types of limitations associated with the methods and data sources used. When reported data is unavailable, the fund company uses estimated data from established suppliers that the fund company considers able to supply reliable data. All investments in interest-related transferable securities and money market instruments are assessed in the due diligence process. The funds derivative exposures integrate sustainability risks in that these risks are embedded in the index methodology. Advocacy in relation to sustainability takes place primarily through voting at general meetings and participation in nomination committees in which the fund company is offered a seat. The fund does not have a reference benchmark to determine that environmental and social characteristics are promoted.