Småbolag SEK

This fund suits those that want to invest in small- and medium-sized companies listed on the Swedish and other Nordic equity markets

All companies start out as small enterprises, where some have the potential to realize strong growth over time. Historically smaller companies have outperformed the overall market. One reason for this is that many smaller companies have had the skills to achieve growth, often through international expansion. Johan Ståhl, the fund’s portfolio manager, elaborates, "As a portfolio manager it is up to us to find these growth opportunities. Take for example ASSA ABLOY that in 1995 had a market capitalization of SEK 1 billion, and in 2018 the company is worth around SEK 176 billion. Another example is NIBE Industrier, which when it was listed in 1997, had sales of SEK 700 million compared to SEK 46 billion in 2018. Therefore, a small-company fund is always an interesting component of a savings portfolio."

Investment policy

Lannebo Småbolag is an actively managed equity fund that invests in small and medium-sized enterprises in the Nordic region, primarily in Sweden. Investments should have a market capitalization not exceeding 1 per cent of the Swedish stock market's total market capitalization at the time of investment. At the end of the mid-year 2019, one per cent of the Swedish stock market's total market capitalization was approximately SEK 70 billion.

Management style

Focus is placed on each of the fund’s individual investments and their corresponding potential for growth. We strive to avoid being distracted by elements affecting the share price short-term. This leads to investments in quality companies, where we can have a knowledgeable opinion about their future growth potential, and where a company’s valuation is adequately attractive. The goal is that the fund, while taking a balanced approach to risk, should provide a better return than similar funds.

The fund is suitable for those who

  • want to invest in small and medium-sized companies listed on the Swedish and other Nordic equity markets
  • want an actively managed fund where investments are based on a clear understanding of each individual company

Fund managers

Risk information: Past performance is no guarantee of future returns. The money you invest in a fund can both increase and decrease in value and it is not certain that you will get back the full amount invested.
The fund's value can fluctuate significantly due to its composition and fund management methods used by the Fund Management Company.

Return

NAV
113.23
Previous day
0.54%
Year to date
24.29%
5 years
137.38%

Fund facts

Inception date
2000-08-04
Bankgiro
5563-4620
ISIN
SE0000740698
NAV
Daily
Fixed fee
1.6%
PPM nr.
842690

Risk/return profile

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