Fact sheet: Carnegie Nordic Markets

Fund information
Fund name
Carnegie Nordic Markets 1A USD
Fund manager company
Carnegie Asset Management
Fund type
No data available.
Fund managers
  • Carnegie Asset Managementsince 01/04/1996
  • Peter Holtsince 01/04/1996
Fund objective
The Carnegie Nordic Markets fund aims to achieve long-term capital growth from a diversified portfolio of investments. It consists primarily of equities issued in the Nordic countries, (Denmark, Finland, Norway and Sweden). The portfolio is focused on 20-30 high conviction stock picks.
Benchmark
  • MSCI Nordic
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
10.8%
1 Year rank in sector
45/91
Sector
FO Equity - Europe Single Country
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.62%
Fund size
£75m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
106
Top in this sector
Fund name1 Year
Pictet Russian Equities68%
Baring Russia58.7%
HSBC GIF Russia Equity55.6%
Pictet Russia Index44.1%
East Capital Lux Russian40.6%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Sweden43.5%
    Denmark36.7%
    Finland15%
    Norway4.8%
  • Industrials29.8%
    Health Care18.6%
    Financials15.8%
    Consumer Discretionary13.1%
    Consumer Staples9.1%
  • Swedish Equities43.5%
    Danish Equities36.7%
    Finnish Equities15%
    Norwegian Equities4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%5.4%4.5%10.8%12.9%64.6%
Sector1%8.1%7.9%12.7%20.6%68.3%
Rank within sector73 / 9371 / 9368 / 9345 / 9154 / 8348 / 77
Quartile4th4th3rd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund1.8%9%-1.4%23.7%20.5%
Sector5.1%9.2%1.7%17.5%18.4%
Rank within sector47 / 9349 / 9065 / 8343 / 8029 / 77
Quartile3rd3rd4th3rd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.54
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.84
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.32
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
11.91
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.65
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.13
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.7
Price movement
52 week high148.84
52 week low124.64
Current bid price-
Current offer price-
Current mid price143.6
Region
1Sweden43.5%
2Denmark36.7%
3Finland15%
4Norway4.8%
Industry sector
1Industrials29.8%
2Health Care18.6%
3Financials15.8%
4Consumer Discretionary13.1%
5Consumer Staples9.1%
6Information Technology8.8%
7Materials4.8%
Asset type
1Swedish Equities43.5%
2Danish Equities36.7%
3Finnish Equities15%
4Norwegian Equities4.8%
Individual holdings
1NOVO-NORDISK AS9.9%
2HENNES & MAURITZ AB5.9%
3VESTAS WIND SYSTEMS5.3%
4ATLAS COPCO AB5.2%
5GENMAB AS4.8%
6PANDORA AS4.7%
7DANSKE BANK4.6%
8Kone Corp ORD4.6%
9SVENSKA HANDELSBANKEN4.5%
Management
Fund manager group
Carnegie Asset Management
Fund manager company
Carnegie Asset Management
Fund type
No data available.
Fund objective
The Carnegie Nordic Markets fund aims to achieve long-term capital growth from a diversified portfolio of investments. It consists primarily of equities issued in the Nordic countries, (Denmark, Finland, Norway and Sweden). The portfolio is focused on 20-30 high conviction stock picks.
Benchmark
  • MSCI Nordic
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Carnegie Asset Management01/04/1996
Peter Holt01/04/1996Peter Holt, born in 1959, holds a Diploma in Business Administration from the Aarhus School of Business and a Diploma in Accounting from the Copenhagen Business School. Peter is one of CAM’s portfolio managers for the Danish equity portfolio's. He has worked with portfolio management since 1994. Prior to joining Carnegie Asset Management, he held a position in Nykredit Asset Management as Head of Equities.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, Finland, United Kingdom, Luxembourg, Netherlands, Offshore, Sweden
Carnegie Nordic Markets 1A EUR
Initial charge5%
Annual charge1.6%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.04
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeH946
Carnegie Nordic Markets 1A SEK
Initial charge5%
Annual charge1.6%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1232.69
CurrencySEK
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeH947
Carnegie Nordic Markets 1A USD
Initial charge5%
Annual charge1.6%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price143.6
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeH948
Carnegie Nordic Markets 2A NOK
Initial charge3%
Annual charge0.5%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1403.36
CurrencyNOK
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeH945
Carnegie Nordic Markets 5B SEK
Initial charge5%
Annual charge1.6%
Min single investment£125,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price884.95
CurrencySEK
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFCH8
Carnegie Nordic Markets 5B USD
Initial charge5%
Annual charge1.6%
Min single investment£125,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.09
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFCH7
Data provided by

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