Read the latest quarterly reports

You can now read our latest quarterly updates for our European fund, CB European Quality Fund, and our global environmental fund, CB Save Earth Fund.

The CB European Quality Fund decreased by -0.7% during the third quarter, in SEK, which is worse than the benchmark index (MSCI Europe Net). Over five years, the fund has returned +60%, which is better than the index. Since its inception in 1995, the fund has returned +906% (+8.3% per year).

The largest contributors to the CB European Quality Fund during the third quarter:

• Diploma: Diploma is a leading international supplier of specialized technical products and services, focusing on long-term growth and customized solutions in areas such as healthcare, electronics, and control technology.
• Ashtead Group: Ashtead is a global leader in industrial equipment rental, with a strong presence in both North America and the UK. The company drives growth through efficiency and innovation within the construction and infrastructure sectors.
• London Stock Exchange Group (LSEG): The London Stock Exchange Group is one of the world’s largest stock exchanges and financial market infrastructures. LSEG provides advanced trading and information solutions to global capital markets and plays a central role in the financial sector’s ecosystem.

The largest negative contributors to the CB European Quality Fund:

• Trelleborg: Trelleborg is a Swedish industrial company specializing in elastomer technology, offering innovative solutions for sealing systems and vibration damping. With a strong global presence, Trelleborg serves multiple industries, including construction, automotive, and marine. Through its advanced products, the company contributes to sustainable and efficient solutions that enhance performance and safety in various applications.
• ASML Holding: ASML Holding is a leading manufacturer of lithography machines for the semiconductor industry. With groundbreaking technology, ASML plays a crucial role in the production of microprocessors, making it an important player in the global technology sector. By investing in research and development, ASML continues to drive innovation and efficiency in semiconductor manufacturing.
• Novo Nordisk: Novo Nordisk is a global leader in the pharmaceutical industry, focusing on the treatment of diabetes and other chronic diseases. The company, based in Denmark, is known for its innovative insulins and biologic medications that improve the quality of life for patients worldwide. Novo Nordisk aims to be a responsible healthcare actor contributing to better health through research and sustainable development.

The CB Save Earth Fund increased by +3.5% during the third quarter, in SEK, which is better than the benchmark index (MSCI World Net). Over five years, the fund has returned +74%, which is worse than the index. Since its inception in 2008, the fund has returned +273% (+8.4% per year).

The largest positive contributors to the CB Save Earth Fund:

• Belimo: Belimo is a global leader in the development and manufacturing of innovative actuators, valves, and sensors for heating, ventilation, and air conditioning (HVAC) systems, focusing on energy efficiency and sustainable building solutions.
• Badger Meter: Badger Meter provides advanced measurement and data analytics solutions for water and energy management. The company helps customers monitor and optimize resource usage through accurate measuring instruments and IoT solutions.
• Tetra Tech: Tetra Tech is a global consulting firm that offers solutions in water, environment, energy, and infrastructure. With a strong focus on sustainability, the company delivers advanced technical solutions to tackle some of the world’s most complex environmental challenges.

The largest negative contributors to the CB Save Earth Fund:

• Xylem: Xylem is a global company specializing in water technologies and solutions for water management. With a wide range of products and services, Xylem strives to improve water quality and efficiency in water use. The company is committed to sustainable development and innovation, making it an important player in the water sector.
• Roper Technologies: Roper Technologies is a diversified technology provider offering solutions across various industries, including healthcare, industrial, and energy. By combining advanced technology with deep industry expertise, Roper delivers innovative products and services that meet customer needs. The company focuses on creating long-term value for its shareholders through strategic acquisitions and organic growth.
• Waste Management: Waste Management is a leading player in waste management and recycling in North America. The company provides a range of services to manage and recycle waste in an environmentally friendly manner. Waste Management strives to maximize resource efficiency and minimize waste through innovative solutions and a strongly integrated operation.

You can read the reports here:

• CB European Quality Fund – Q3 2024
• CB Save Earth Fund – Q3 2024