Simon Blechers Carnegie Spin-Off has emerged as the top-performing Sweden fund this year, outpacing the Stockholm Stock Exchange’s broad index by a staggering 14%. With a remarkable return of nearly 26%, the fund’s success can be attributed to its unique strategy of focusing on companies involved in spin-offs.
The fund’s management team at Carnegie believes that spin-offs create a sense of clarity and focus, which in turn leads to the creation of substantial value. This philosophy has clearly paid off, with the fund’s top holdings including Millicom, Electrolux Professional, NCC, Essity, and Sampo. Among these, telecommunications giant Millicom has seen the most impressive growth, soaring by 60%.
Following closely behind Carnegie Spin-Off is Lancelot Sverige, with a commendable return of just under 24%. Known for its concentrated approach, the fund typically invests in a maximum of 20 companies. Its key positions include Camurus, Bonesupport, Alimak, Embracer, and Vimian.
SEB Sverigefond Småbolag secures the third spot with a solid return of nearly 22%. The fund’s portfolio is anchored by holdings such as AAK, Addtech, Beijer Ref, Sectra, and Lagercrantz.
The top-performing Sweden funds for the year are as follows:
1. Carnegie Spin-Off A: 25.9%
2. Lancelot Sverige B: 23.9%
3. SEB Sverigefond Småbolag: 21.8%
4. Lannebo Microcap: 21.2%
5. SEB Swedish Value Fund: 21.1%
These impressive returns underscore the strength and resilience of the Swedish market, as well as the astute investment strategies employed by these top-performing funds. As global economic conditions continue to evolve, investors will undoubtedly be keeping a close eye on the performance of these funds and the opportunities they present in the dynamic Swedish market.