Is the fund a good investment choice for me?
We try to generate the best possible performance for the fund, given its conditions. We are happy to inform you about our company, our activities, the fund’s performance and the industry as a whole, but we have no view if “our” fund in particular is an appropriate investment for any individual investor. We cannot and will not provide investment advice. Instead, discuss this matter with your professional investment advisor.
Does Rhenman & Partners recommend me to invest in the fund?
Rhenman & Partners is not authorized to provide – and will not provide – investment recommendations to investors. Investors and potential investors considering investing in the fund(s) should discuss the matter with a professional investment advisor.
How do I invest in the fund?
If you are an individual investor (also called a retail investor), you can most conveniently invest through your bank, stockbroker or other institution. It is not possible to invest directly through Rhenman & Partners. If you are a customer of Avanza or Nordnet, you can buy directly there without a transaction form. Institutional investors interested in investing in our funds are kindly asked to contact us.
How much of the world’s equity capital is invested in healthcare?
The healthcare sector today accounts for 12% of the world index, so it could be said to constitute a neutral allocation in a global portfolio.
What is the difference between a hedge fund and a regular mutual fund?
The more liberal investment rules for hedge funds give us much greater investment opportunities compared to ordinary mutual funds. Our fund invests mainly in equities, but our Investment Team can also use other financial instruments, such as derivatives. In this way, they can better take advantage of investment opportunities and create higher risk diversification. The fact that our fund is a hedge fund is also the reason why we do not compare ourselves with an equity index. The target return for the fund is a positive annual return, regardless of stock market performance.
Skandinaviska Enskilda Banken S.A. is the responsible depositary. What does this mean?
The funds’ assets are held by Skandinaviska Enskilda Banken S.A. in Luxembourg. For you as an investor, this means added confidence that the depositary is an established financial institution with a long history.
Why is the fund registered in Luxembourg?
Luxembourg is a major centre for funds and offers good, cost-efficient fund management. Our fund’s base currency is the euro but you can choose to invest in EUR, SEK or USD by selecting the appropriate share class.
Why is it only possible to trade in the fund once a month?
The price (NAV) of the fund’s share is set once a month, which means that the fund’s holdings are added up and the official NAV is calculated. This day falls on the last business day of each month, and it is only on that day that shares in the fund can be traded.
How is the fund’s performance fee calculated?
The performance fee for the fund’s broadly distributed share classes is calculated on a quarterly basis. This means that the performance fee is due if the net asset value (NAV) of the share class, at the time of the calculation, has reached a new highest level at the end of a quarter. Given that the review period for performance fees is quarterly, it may be worth noting that situations may arise where a performance fee is charged at one or more quarterly closures at the start of a calendar year, if and when the NAV has developed positively, even though the value development for the calendar year as a whole may turn out to be negative.