Lannebo Teknik Småbolag

November 2019 we launched our latest equity fund: Lannebo Teknik Småbolag. An equity fund that brings Lannebo’s successful active management of small caps further into the world.

Small caps have been at the heart of Lannebo’s operations ever since its inception in 2000. The success in this area is an important reason why Lannebo today is one of Sweden’s largest independent asset managers with SEK 70 billion under management.

Lannebo Teknik Småbolag invests in technology-driven growth companies with a market capitalization of less than USD 5 billion. The fund has a thematic strategy, no geographical restrictions and has the possibility to invest anywhere in the world.

The fund manager is Johan Nilke, who previously managed Öhman Global Growth and Lannebo Vision, as well as Helen Broman, who was previously an analyst for Lannebo MicroCap I and II and Lannebo NanoCap. By combining a thematic strategy focusing on major growth trends and fundamental analysis of small caps, the fund’s ambition is to provide substantial long-term returns at an acceptable risk.

Lannebo Teknik Småbolag is an actively managed equity fund that invests in technology-driven growth companies in the global market. The fund invests, regardless of geography, in companies based on growth themes. As of 2019 these themes are: Security, Health, Environment, Digital Content, Data Management and Resource Efficiency.

The fund compares to MSCI World Small Cap Information Technology Index. 

The fund is suitable for those who

• Want to invest in technology-driven growth companies globally
• See technological development as a positive force for a more sustainable world
• Believe in genuine active management

We are convinced that technological development can solve many of the world’s challenges and is the key to a more sustainable future. We are investing in companies that create long-term values and, instead of focusing on the next quarter, focus on the next generation.The companies we invest in are leading, or can be expected to take a leading position, within the sectors defined by our growth themes. Within each theme,we seek companies with strong competitiveness, good growth opportunities and a modern approach to sustainability. Furthermore, we place great emphasis on risk assessment and only invest in companies with a realistic and attractive valuation. Our process is based on fundamental analysis and we do not invest incompanies with inflated valuations.

Lannebo Teknik Småbolag conducts genuine active management with focus on long-term, profitability and sustainability. The funds managers choose holdings on the basis of a thorough company analysis. The managers assess factors such as the company’s business model, market position, growth opportunities and risks. How a company takes responsibility towards people, environment and society also affect its future growth. Therefore, before making an investment the portfolio managers complete an internal company sustainability analysis. The managers analyse and assess various areas of sustainability and review whether there have been previous sustainability incidents. The managers then rate the company based on the results of the analysis. The internal analysis also includes a rating from an external sustainability service provider. Lannebo’s active management means that our managers develop a deep knowledge of each holding, which we believe is a prerequisite for being able to integrate sustainability into the investment process. We are long-term investors and our task is to invest in companies that will be profitable and deliver to our fund investors a good return over time at a reasonable risk. The managers also meet with company managements regularly to monitor developments and discuss sustainability.

Exclusion
Lannebo Teknik Småbolag does not invest in companies that violate international conventions or in companies that produce and/or distribute controversial weapons. The fund also refrains from investing in companies in which more than 5 per cent of the company’s turnover comes from the production and/or distribution of tobacco, cannabis, alcohol, weapons, gambling or pornography. The fund also refrains from investing in companies in which more than 5 per cent of the company’s turnover comes from extracting of fossil fuels (coal, oil and gas).