The Circulus America Small-Cap strategy targets profitable, attractively valued American small-cap companies with a multi-year opportunity for strong returns. The team - Christofer Halldin, Joakim By, and Simon Park - built a strong small-cap track record together at Handelsbanken, before launching Circulus.

Circulus employs a bottom-up approach, with a focus on quality (notably ROCE, margins, and debt), durable growth, and strict valuation discipline. The strategy also integrates a proprietary AI tool, SentenIA, which identifies sustainability challenges as a structural growth opportunity. This complements an intensive primary due diligence process, with the team conducting over 450 company meetings per year.

The strategy retains the flexibility to invest in under-researched small and micro-cap companies, including those with little or no analyst coverage, and typically holds a concentrated portfolio of around 40 American small-cap companies.

The Aktia EM Local Currency Bond Fund is a benchmark-aware, highly diversified strategy investing in bonds and currency exposure with risks from emerging markets (EM). The strategy has a long-term investment horizon and employs a bottom-up, ESG-integrated country-selection investment process (Aktia Traffic Light Approach), utilizing Aktia’s in-house Fundamental Model.

The team - led by Mikko Kuisma and Kaj Paulamäki - combines quantitative and qualitative analysis, with more emphasis placed on the direction of development, than the current level. Investments are only made in local currency EM and frontier government bonds and money market instruments, currency derivatives and AAA-rated development finance institution bonds in EM and frontier currencies.

The diversified strategy targets higher yield to maturity than the benchmark with lower volatility. The result is a differentiated portfolio with 70% active share, seeking 1% alpha per annum over the cycle, with a track record that tends to protect on the downside.

The Aktia EM Frontier Bond Fund is an index agnostic, highly diversified strategy investing in bonds and currency exposure with risks from Emerging and Frontier markets. The strategy has a long-term investment horizon and employs a bottom-up, ESG-integrated country-selection investment process (Aktia Traffic Light Approach), utilizing Aktia’s in-house Fundamental Model.

The team - led by Henrik Paldynski, Ulla Huotari and Oskar Murto - combines quantitative and qualitative analysis, with more emphasis placed on the direction of development, than the current level. Investments are only made in local currency frontier market government bonds and money market instruments, currency derivatives and AAA-rated development finance institution bonds in frontier currencies.

The diversified strategy targets a lower volatility than the benchmark. The result is a differentiated portfolio with very high active share, seeking 1% alpha per annum over the cycle, with a track record that tends to protect on the downside.

The Coeli Frontier Markets strategy seeks to achieve long-term capital growth by investing in high-quality, domestically focused companies that are well positioned to benefit from structural developments across Frontier Markets.

The fund owns 30-50 companies and is managed by James Bannan and Hans-Henrik Skov, who bring nearly 40 years of combined experience in Frontier Markets and a strong long-term track record versus both the benchmark and many peers.

The team maintains a long-term investment horizon, with a disciplined focus on strong fundamentals - particularly sustainable high returns on capital and prudent, shareholder-aligned management teams - and seeks to invest in companies trading at attractive valuations.

The Circulus Global Small-Cap strategy targets profitable, attractively valued global small-cap companies with a multi-year opportunity for strong returns. The team - Christofer Halldin, Joakim By, and Simon Park - built a strong small-cap track record together at Handelsbanken, before launching Circulus.

Circulus employs a bottom-up approach, with a focus on quality (notably ROCE, margins, and debt), durable growth, and strict valuation discipline. The strategy also integrates a proprietary AI tool, SentenIA, which identifies sustainability challenges as a structural growth opportunity. This complements an intensive primary due diligence process, with the team conducting over 450 company meetings per year.

The strategy retains the flexibility to invest in under-researched small and micro-cap companies, including those with little or no analyst coverage, and typically holds a concentrated portfolio of around 50 global small-cap companies.

The Aktia Sustainable Corporate Bond Fund aims to make a substantial net impact through investing in ICMA-labelled and EU green bond standard sustainable corporate bonds, while aiming to generate consistent excess return over the benchmark in different market conditions. Every bond must show a quantifiable, positive net impact.

The team - led by Jonne Sandström, Aapo Alenius and Juuso Rantala - seeks to make a positive contribution on sustainability themes. This is done through investing in sustainable corporate bonds, in which the use of proceeds is used to finance environmental projects (green bonds), social projects (social bonds) and the combination of these (sustainability bonds).

There is a focus on Investment Grade (IG) issues, with a maximum of 20% permitted in High Yield issues. The strategy mainly invests in bonds denominated in EUR and is SFDR article 9 compliant.