OP-Finland Small Cap
The power of Finnish growth companiesSmall 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.
|
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.
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.
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
- 215 Meur
- Serie value (04.11.)
- 552,88 EUR
- Monthly review
- Download
- Key Information Document
- Download
- Rules
- Download
Accumulated profit (01.11)
| 1mth | 3mth | 6mth | 1 y | 3 y p.a. | 5 y p.a. | |
|---|---|---|---|---|---|---|
| OP-Finland Small Cap A | −8,50 % | −7,16 % | −2,84 % | +16,17 % | −10,48 % | +4,45 % |
| Benchmark | −6,43 % | −1,63 % | +3,14 % | +20,56 % | −4,49 % | +7,25 % |
Yearly performance
| 2019 | 2020 | 2021 | 2022 | 2023 | YTD | |
|---|---|---|---|---|---|---|
| OP-Finland Small Cap A | +38,94 % | +31,46 % | +22,17 % | −28,88 % | +2,77 % | −2,06 % |
| Benchmark | +34,04 % | +24,21 % | +25,09 % | −22,96 % | +6,55 % | +5,63 % |
Key figures
| Volatility 12 m | vola 12m | Sharpe 12 m | Duration | |
|---|---|---|---|---|
| OP-Finland Small Cap A | 14,01 % | - | - | |
| Benchmark index | - | - | - |
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 Capital Redemption Contract 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.
Income unit generating annual cash flow, suitable for foundations
The fund’s unit class III A with a minimum subscription of 1 000,000 euros
The fund’s unit class IV A with a minimum subscription of 10,000,000 euros
This is an advertisement. The funds are managed by OP Fund Management Company Ltd. The portfolio manager is the portfolio management company specified in the fund prospectus for OP funds. Investments always involve risks. The value of investments can rise and fall, and the investor may lose part of or all the invested funds. Past performance is no guarantee of potential future yield. The larger the fund’s expenses, the greater the impact on the expected return on the investment. Any yield also depends on taxation, which in turn varies depending on the investor’s personal circumstances and is subject to future changes. If the fund is marketed outside Finland, OP Fund Management Company Ltd may decide to end such marketing. The information presented on this page does not fully describe all the fund’s characteristics.
Before making an investment decision, take all the characteristics or objectives of the fund into consideration, as described in the fund prospectus for OP funds and other documents related to the fund. Only make your final investment decision after reading the fund prospectus for OP funds and the key investor information document and rules of the fund. These documents can be found on the web page of the respective fund. The fund prospectus and the summary of investors’ rights in mutual funds are available at op.fi in Finnish, Swedish and English.