OP-Finland Small Cap

The power of Finnish growth companies
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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

−5,40 %

year

(4)

Risk level
2

morningstar™
-

ESG
Online fees and charges

Subscription fee

Annual management fee

Redemption fee
0,00 % 2,00 % 0,75 %

Owner-customer can buy and sell the fund’s units without charges. Agreements under a systematic investment plan are not subject to subscription fees. Fund units generate OP bonuses.

Portfolio manager's review

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

Investment policy

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.

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

Basic data

Fund manager
Teemu Salonen
Benchmark index
Carnegie Small CXS Return Finland (EUR)
Start date
28.01.2002
ISIN
FI0008805403
fund serie
Accumulation unit
Fund size
231 Meur
Serie value (18.04.)
564,15 EUR
Monthly review
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Key Information Document
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Rules
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Accumulated profit (17.04)

1mth 3mth 6mth 1 y 3 y p.a. 5 y p.a.
OP-Finland Small Cap A −0,67 % +2,88 % +13,80 % −5,40 % −9,85 % +6,24 %
Benchmark +1,10 % +3,07 % +12,37 % −1,88 % −4,63 % +7,04 %

Yearly performance

2019 2020 2021 2022 2023 YTD
OP-Finland Small Cap A +38,94 % +31,46 % +22,17 % −28,88 % +2,77 % −0,06 %
Benchmark +34,04 % +24,21 % +25,09 % −22,96 % +6,55 % +0,80 %

Key figures

Volatility 12 m vola 12m Sharpe 12 m Duration
OP-Finland Small Cap A 12,64 % - -
Benchmark index - - -
Owner-customers’ saving and investing benefits

As our owner-customer, saving and investing is especially worthwhile thanks to the excellent benefits you receive.

Your benefits when investing in funds or through insurance:

  • Buy and sell almost all OP mutual funds with no fees.*
  • You earn 0.35% OP bonuses from mutual fund and insurance assets.** 
  • Begin saving through insurance free of charge. 
  • Switch between investments, invest additional funds and change your payment and investment plan for OP Unit-linked Insurance and OP Savings Agreement free of charge in our digital services.  

Your benefits in equity and ETF investing:

  • Open an equity savings account or book-entry account free of charge.
  • You get a discount on equity trading and a 1% fee ceiling when trading in Finnish listed companies through a book-entry account The discounts apply in digital services.
  • Get access to free stock picks and analysis.
  • Get a discount on the service packages for savers and investors:
    Equity savings account: 
    Saver: €0/month (normally €2.99/month)
    Investor: €9.99/month (normally €14.99/month)
    Book-entry account: 
    Saver: €0/month (normally €2.99/month)
    Investor: €0/month (normally €5.39/month)

Other benefits:

  • Only owner-customers can invest in Profit Shares.

Remember to make use of all benefits:

*Standard fees are charged for the following special common funds: OP-Public Services Real Estate, OP-Forest Owner, OP-Rental Yield, OP-Alternative Portfolio and OP-Private Equity.

**OP bonuses are automatically used to pay the bank’s service charges and insurance premiums. No OP bonuses are accrued from the R2 Crystal special common fund or institutional classes of funds. The following investment products linked to insurance assets do not accrue OP bonuses: JPM Russia A, JPM Emerging Europe Equity Fund, and BlackRock GF Emerging Europe Fund A. OP bonuses are accrued from unit-linked insurance policies, excluding Individual Unit-linked Insurance and Individual Capital Redemption Contracts.  

The fund's other unit classes

This is an advertisement. Remember that investment always involves risks. The value of investments can rise and fall, and an investor can lose part or all of the money they invest. OP funds are managed by OP Fund Management Company Ltd, with OP cooperative bank acting as its agent. Normal transaction costs are charged for the following special common funds: OP-Public Services Real Estate, OP-Forest Owner, OP-Rental Yield, OP-Alternative Portfolio and OP-Private Equity special common funds.