Carnegie All Cap Fund Surges 3.45% in July, Led by Strong Earnings Reports from Key Holdings

Carnegie All Cap A fund rose 3.45% in July, driven by positive earnings reports from key holdings such as Dynavox, ABB, and Getinge. The fund's largest holdings at the end of the month were ABB, Hexagon, and AstraZeneca, with weights of 5.1%, 4.9%, and 4.8%, respectively. The largest geographic exposure was to Sweden, accounting for 84.8% of the portfolio.

Title: Carnegie All Cap A Fund's July Performance: Driven by Strong Earnings Reports

The Carnegie All Cap A fund posted a 3.45% gain in July, fueled by robust earnings reports from key holdings such as Dynavox, ABB, and Getinge. The fund's largest holdings at the end of the month were ABB, Hexagon, and AstraZeneca, with weights of 5.1%, 4.9%, and 4.8%, respectively [1].

The fund's performance was driven by positive earnings reports from its key holdings. ABB, a leading global technology company, reported strong earnings, contributing significantly to the fund's performance. Similarly, Hexagon, a provider of precision technology products and services, and AstraZeneca, a biopharmaceutical company, also reported positive earnings, further boosting the fund's performance.

The fund's largest geographic exposure was to Sweden, accounting for 84.8% of the portfolio. This geographic concentration reflects the fund's focus on the Swedish market and its exposure to Swedish companies.

The fund's performance was also driven by positive market conditions. The Stockholm Stock Exchange rose by a total of 2 percent during the month, with large-cap companies driving the index upwards [1].

The fund's managers noted that July was a busy month, with particular focus on tariffs and corporate earnings reports. Despite these challenges, the fund was able to deliver strong performance, highlighting the fund's ability to navigate market volatility and capitalize on positive earnings reports.

In summary, the Carnegie All Cap A fund's 3.45% gain in July was driven by strong earnings reports from key holdings and positive market conditions. The fund's largest holdings and geographic exposure reflect its focus on the Swedish market and its exposure to Swedish companies.

References:
[1] https://www.marketscreener.com/news/carnegie-spin-off-rises-4-94-percent-in-july-a-medicover-delivers-strong-report-ce7c51deda8bf02d