Once again, OP-Finland Micro Cap Fund has had a successful year. Currently, the fund is the best equity fund that invests in Finland measured on the basis of one-year return (34%). The fund’s best performers this year include Qt Group, Leaddesk, Remedy Enterntainment and Efecte. Qt is a good example of the kind of investment the fund wants to include in the portfolio. Qt’s market cap exceeded one billion euros and it was therefore sold from the fund. The fund invested in the company in May 2018 when its market cap was around 150 million euros. The share price quintupled during the investment period as a result of solid growth and the scalability of profitability.
As our fund is only open quarterly, investments are genuinely made in small and illiquid companies over a long period of time. OP-Finland Micro Cap is a well-suited addition to extensive Finnish equity portfolios to bring a diversified and long-term source of growth from micro-cap companies of which the return has clearly exceeded the return of the overall equity market in the long term.
You can find a video by OP Asset Management’s Portfolio Manager Antti Karessuo (in Finnish) and a monthly review of the fund on our web page. The fund’s next subscriptions will be confirmed on 31 December 2020.