Update on Catella’s Swedish fund operations
Mutual Funds at Catella have experienced outflows from a few products to date during the third quarter, related to previously announced changes in portfolio managers. At the same time Systematic Funds have experienced a very strong inflow during the corresponding period, which more than compensates for the outflow from Mutual Funds, from both volume and profitability perspectives.
“The fund market is transparent, which means that information about changes in the assets under management of the different providers reaches the stock market quickly. Given our ambition to act transparently towards the stock market, we believe the stock market should be informed at this point about the effects of the flows in the Swedish fund operations”, says Knut Pedersen, President and CEO of Catella.
“We have announced five new recruitments within Mutual Funds over the summer. We now have a strong management team in place and we currently envisage no need for further recruitment. The combined team is expert in both absolute-return and relative-return products, with a strong analytical background from several sectors and expertise in sustainability. We are therefore highly confident in the management of our funds for both the short term and the long term”, comments Erik Kjellgren, head of the Swedish fund operations.
For more information, please contact:
President and CEO
+46 8 463 33 10
Head of Swedish Fund Operations
+46 8 614 25 12, +46 7 314 40 35
Ann Charlotte Svensson
Head of Group Communications
+46 8 463 32 55, +46 72 510 11 61
This information is information that Catella AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 09.00 CET, 2 September 2016.
About Catella: Catella is a leading specialist in property investments, fund management and banking, with operations in 12 countries across Europe. Catella is listed on First North Premier on Nasdaq Stockholm and the company’s certified advisor is Remium AB. Read more at catella.com.