Door Number 4! â
Behind door number four, we find NKT and Belimo. Both companies are part of the CB European Quality Fund, and Belimo is also included in the CB Save Earth Fund.

NKTÂ â a Danish power solutions company delivering high-voltage and submarine cable systems for power grids and offshore wind.
â Growth Driver: The global expansion of renewable energy is driving rapidly increasing demand for the high-voltage and submarine cables required to transmit electricity over long distances.
â Established Position: An industry with high barriers to entry, benefiting established players such as NKT.
â New Production Capacity: NKT is currently building the worldâs largest high-voltage submarine cable factory in Karlskrona, including a 200-meter extrusion towerâone of the tallest structures in the Nordicsâto produce submarine cables up to 640 kV / 3 GW.
đ±Â NKT works actively with the UN Sustainable Development Goals and has set SBTi-verified COâ-reduction targets.

Belimo â a world-leading Swiss company in the development and manufacturing of actuators.
â Optimisation: The companyâs solutions optimise airflow and reduce energy consumption in buildings.
â Regulation as a Growth Driver: Demand for Belimoâs products is increasing as environmental and energy-efficiency requirements tighten globally.
â Strong Market Position: Belimo is known across the HVAC industry for high quality and reliability, supporting the companyâs strong global market position.
đ±Â Belimo works actively with the UN Sustainable Development Goals and has set SBTi-verified COâ-reduction targets.
Please note that all investments involve risk. Unit prices may increase or decrease in value, and investments always carry a risk of loss. Past performance is never a guarantee of future results. This is not investment advice.
Please be aware that the CB Funds Christmas calendar presents the fundâs holdings as of December 4, regardless of what may happen thereafter. This means that, in theory, a company may have left the portfolio by the time its respective calendar window is published.