Brief in English
Didner & Gerge Fonder is an independent fund management company that started in 1994 in Uppsala. Today we are still located in the heart of Uppsala were we practice active fund management with the long term aim to achieve a value-rate increase of our fund’s share value.
We believe in actively managing our funds. In the long run, our goal is to deliver a return that exceeds the relevant benchmark, while maintaining a reasonable level of risk-taking. It is our belief that active management is a necessity for a fund to outperform its benchmark over time. For an active management to deliver successful results in the long-term, we must be willing to take on some risk, meaning that the fund may not always exceed its benchmark index. Therefore we always recommend that our shareholders have an investment horizon of at least five years.
FOCUS ON THE COMPANY
We have a long term investment horizon. Our main focus is to find good companies with good stock price potential. Our definition of a good company is a company that is well-managed and typically has a history of sales and earnings that are stable. A good company shows good profit margins, or the potential to achieve it, while at the same time as keeping good market shares within its industry or in selected niches. In a 3 – 5 year time period we expect to see a relevant growth in the company. If, after 5 years, we still believe that the stock has potential, then it may remain a part of the portfolio for many years. We are generally wary of businesses where the company’s performance largely depends on the price development of the product or products that the company sell; however, we may invest in such companies if we believe that the valuation is noticeably low.
Since our funds are actively managed, we invest according to our best ideas regardless of industry or market weights. Fund performance relative to its benchmark index can therefore be expected to show some irregularity.
THE FUNDS ARE ALWAYS MORE OR LESS FULLY INVESTED
We refrain from having a definite idea of the market’s development. Our philosophy is to be more or less fully invested at all times. The goal is that the selection of stocks for the fund’s portfolio will generate higher returns than that of a relevant benchmark index over time.
WE ALWAYS TRY TO FORM OUR OWN OPINION
We gladly read other people’s analyses and assessments of companies. However we believe that it is important to have the ambition to always create our own views about the future of a company. Therefore it is crucial for us to have a clear understanding of why different stocks should be included in (or taken out of) the portfolio. A part of our methodology is to supplement the publicly available information on markets and companies with our own analysis and research. With a company-focused approach, we try to improve the selection process over time.
If you are interested in finding out more about our funds or the fund company please do nott hesitate to conctact us. An initial contact with us is required before any purchases of shares can be completed.
Always remember that investments in mutual funds are associated with risk. An investor may not receive the full amount of the investment back and should always be ready to accept fluctuations in the price of the fund. None of the information presented on this site should be considered as solicitation or encourage to purchase shares in our funds. Always read through the KIID and prospectus of the fund before considering an investment. These documents can be found on www.didnergerge.se or be ordered from the fund company at +46 18 640 540