Fondita’s first fund was launched on April 7th, 1997. During the years our operations have grown to encompass 7 equity funds with close to 800 MEUR under management. We focus mainly on small and mid cap companies in the Nordics and Europe. Our business is characterized by stock picking, continuity, long-term, and respect. Our first fund, Fondita Equity Spice, has generated a net return of +880 %, or +12.1 % p.a., during its 20-year history compared to the underlying market of +518% or +9.5 % p.a. during the same time. In other words, an investment of 100 Finnish Marks, approximately 17 euros, has increased to a value of 165 euros. Similar returns can be seen in our Fondita Nordic Small Cap, which turns 20 years old this autumn. The fund has generated a net return of 12.3 % p.a. since start (as per 31.3.2017). We would like to take the opportunity to thank all our clients for their confidence in us. In honor of our anniversary we have ceased charging subscription fees.