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OP-Finland Small Cap

The power of Finnish growth companies
1

Small firms have power of growth

OP-Finland Small Cap is an equity fund that invests its asset in Finnish small and mid-size growth companies.

2

Higher long-term expected return

Investing in small cap companies is a choice for investors with a long-term horizon. Good things come to those who wait in terms of higher-than-average expected return.

3

Active portfolio manager knows the Finnish market

OP's solid local expertise helps it identify the most promising entrants in Finland.

Small means growth potential

OP-Finland Small Cap is an equity fund which mainly invests its assets in equities of listed SMEs in the Finnish equity market. The fund typically invests its assets in some equities of some 30–50 companies. This number may vary depending on the portfolio manager's view.

OP-Finland Small Cap offers investors the expertise of an active portfolio manager. For your investment capital, you will also enjoy much greater diversification benefits with this fund than what could be achieved with a self-made equity portfolio. This fund is a good match for an investor interested in Finnish companies and seeking decent returns while tolerating high price volatility. We mainly recommend the fund to investors who intend to redeem their units after seven years at the earliest.

Patience will be rewarded

Investing in small-cap companies may call for patience. They might show more volatile performance than large-cap companies and realisation of return potential may sometimes take a long time. Research suggests, however, that patience will be rewarded in the form of above-average returns from small companies.

From the point of view of an individual investor, making direct equity investments in small-cap companies may be somewhat challenging. Business information is often less readily available on small companies than on larger companies. Furthermore, small firms do not yet have a strong track record and their operations may be exposed to risks that larger companies do not have to face. Investing through the fund is, however, easy because the investments are diversified across several small cap companies on an extensive basis. At the same time, the portfolio manager actively monitors the financial standing and risks of the companies.

OP-Finland Small Cap

Online fees and charges

Subscription fee

Annual management fee

Redemption fee

0,75 % 2,00 % 0,75 %

Agreements under a systematic investment plan are not subject to subscription fees. Fund units generate OP bonuses.

Read the portfolio manager's review on the fund's Finnish pages.

OP-Finland Small Firm (Fund) is an equity fund which mainly invests its assets in equities of listed SMEs in the Finnish equity market. The Fund may also invest a maximum of a quarter of its value in the equities of small and mid-cap companies in the rest of the Western European equity market.

The Fund mainly invests directly in equities. The Fund may use derivative instruments in order to hedge against adverse market movements, to replace direct investments and to otherwise promote effective portfolio management.

The Fund diversifies its equity investments across various companies. The Fund typically invests in equities of about 30–50 companies but this number may vary depending on the portfolio manager’s view.

The Fund’s benchmark is Carnegie Small CXS Return Finland (EUR). With active investing, the Fund seeks to outperform its benchmark index in the long term. The Fund mainly takes notable active risk and it may differ significantly from the composition, weights and risk level of the benchmark index.

In its investment decisions, the Fund focuses on the portfolio manager’s view of individual companies, weightings between different sectors and between value and growth shares.

Read more about fund’s responsibility on the fund’s Finnish pages.
More details Basic data, performance and fact figures

Basic data

Fund manager
Antti Karessuo, Teemu Salonen
Benchmark index
Carnegie Small CXS Return Finland (EUR)
Start date
28.01.2002
ISIN
FI0008805403
fund serie
Accumulation unit
Fund size
184 Meur
Serie value (23.09.)
510,64 EUR
Monthly review
Download
Rules
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Brochure
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Accumulated profit (23.09)

1mth 3mth 6mth 1 y 3 y p.a. 5 y p.a.
OP-Finland Small Cap A -0,27 % +10,28 % +52,79 % +23,16 % +3,95 % +11,25 %
Benchmark +0,55 % +7,80 % +45,44 % +13,98 % +4,38 % +12,01 %

Yearly performance

2015 2016 2017 2018 2019 YTD
OP-Finland Small Cap A +18,90 % +27,28 % +5,00 % -20,81 % +38,94 % +6,17 %
Benchmark +21,76 % +27,36 % +11,86 % -17,96 % +34,04 % +2,07 %

Key figures

Volatility 12 m vola 12m Sharpe 12 m
OP-Finland Small Cap A 24,93 % 0,95
Benchmark index - -

Owner-customer benefits

  • As an owner-customer you can sell, buy and trade nearly all our mutual funds (savers’ funds, socially responsible funds, and equity and bond funds) without fees.
  • As an owner-customer, you can also invest in funds by saving through insurance. OP Unit-linked Insurance and OP Savings Agreement are insurance savings products intended for owner-customers that offer an effortless and flexible means for long-term saving. Switching between investment instruments and transferring funds to insurance savings is free of charge.
  • Owner-customers have automatic access to the second fee level on the stock brokerage fee list, in which the brokerage fee is 0.17% (min. 7 euros), while the fee at the first fee level is 0.2% (min. 9 euros).

OP bonuses

In addition to OP bonuses earned through saving and investment, owner-customer earn bonuses from

  • loans
  • funds in accounts
  • purchases you have paid with the OP-Visa credit
  • insurance premiums for home, family and motor vehicle policies.

From 1 November 2020, OP bonuses will accrue from:

  • home loans, secured bank loans, student loans
  • savings and investment accounts
  • mutual fund units and unit-linked insurance
  • non-life insurance bills

The change on 1 November 2020 means that no OP bonuses will accrue from:

  • deposits in current accounts
  • unsecured consumer loans (Flexible Consumer Credit, Special Consumer Credit, One-off Credit and Overdraft Facility)
  • OP hire purchase
  • Purchases paid using OP Visa as a credit card, the balance of credit with interest of OP-Visa and OP-Mastercard cards

OP bonuses are used for the bank’s service charges and insurance premiums.

 

OP Fund Management Company Ltd manages OP mutual funds.