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26

Nordic Tech ‘Miracle’ Delivers 30% Returns for $1 Billion Fund

By Tony Seruga

Robur Ny Teknik fund in large part targets medical technology
Has recently bought Boule Diagnostics, RaySearch Laboratories

Ignoring its global mandate to invest in Apple Inc. and Facebook Inc. is delivering top returns for this technology fund.

The Swedbank Robur Ny Teknik fund just focuses on small, “innovative” companies in Scandinavia with a heavy concentration in medical technology.

“There’s a Nordic IT miracle,” Carl Armfelt, the fund’s manager who also helps oversee the small-cap team at Swedbank Robur in Stockholm, said in a phone interview on Thursday. “The Nordics is the best region globally to make good investments in these sectors.”…

Nordic Tech ‘Miracle’ Delivers 30% Returns for $1 Billion Fund

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