Fondita Nordic Micro Cap - ten years of success

2016-10-20

Our biggest fund, Fondita Nordic Micro Cap, reached ten years on 29th of August. On that day the NAV was at its all time high, at +191% from start. The fund has outperformed compared to both large and small cap indices in Europe and the Nordic regions. The ten year net return for the fund was +11.3 % p.a. vs. +7.5 % p.a. for Carnegie Small CSX Nordic Return Index. Many of the fund's best holdings, e.g. Lagercrantz and Fenix Outdoor, have been in the portfolio since the beginning. Even newer holdings, such as Addtech and Detection Technology, have strongly helped the performance of the fund in the last year. During the fund's ten year history, ten holdings have been subject to a tender offer, with an average premium to the market price of +44 %.

Fondita Nordic Micro Cap has received several awards and nominations over the years. Morningstar Fund Awards elected the fund as Best Nordic Equity Fund both in the year 2013 and 2014. Since mid-2013 the fund has had a Silver-rating by Morningstar Analyst Rating. No Nordic equity fund has been given a Gold-rating and Fondita Nordic Micro Cap is the only fund with a Silver-rating.

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