Lannebo Norden Hållbar - Nordic fund investing in both Large- and Small Cap in all sectors
Lannebo Norden Hållbar was launched in June 2018 given the potential we see in the Nordic region as an investment area. Many of Lannebo’s funds invest in Nordic companies, but no fund has had a clear focus on individual stock picking among listed companies that all together represent the diversification that the Nordic region provides. For example: Swedish companies within industrials and exports; Danish companies within healthcare and medtech; and Norwegian companies which allow for exposure to raw materials and shipping. The Nordic region as an investment area also means diversification of currency exposure.
Lannebo Norden Hållbar is an actively managed fund where the fund manager selects individual stocks of Nordic companies. The portfolio is concentrated around 30 companies, where the managers evaluate the potential for rising profits and increasing dividends over time. The investments can be made in both large- and small caps on all Nordic exchanges in all sectors.
The fund is suitable for those who
- want to invest in the Nordic stock markets and seek a diversified portfolio of companies of different sizes, in different sectors and with different currency exposure
- want an actively managed fund with investments based on a clear understanding of each individual company
- can accept potential return fluctuations and have an investment horizon of at least five years
Subscriptions of SEK C, unit classes are available through a distributor, who has entered into an agreement with the fund company, providing investment advice on an independent basis or portfolio management to a customer and, consequently, may not receive and retain compensation from the fund company but is paid directly by the customer.
The fund managers make active investment decisions through analyses and individual stock selection. Focus is on each investment and its long-term potential. We choose to invest in companies whose business models we understand and where we see significant potential over the long term, at a reasonable level of risk. The stock’s valuation is also central to the investment decision. We like companies with revenue growth, both organic and acquired, with a cash flow that is sufficient for both dividends and acquisitions.
The goal is to generate as good return as possible through active management at a reasonable risk. The fund’s performance is compared with the VINX Benchmark Cap SEK_NI. Returns over time will deviate from this benchmark as the fund is actively managed.
Lannebo Norden Hållbar 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.
Lannebo Norden Hållbar 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).
Risk Indicator (SRRI)
Basic fund facts
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