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Three of last year's top Swedish funds are having a tough start to 2022

Some of the success stories of 2021 have been hit hard by the January market volatility, but the managers say they're not worried.

January 2022 has been a tough time for small-cap top performers in Sweden. | Photo: Bryan R. Smith/AFP / AFP

January is proving to be a tough time in the stock market, even for some of last year’s top performing fund managers. Three Swedish small-cap funds -- Danske Invest Sverige Småbolag, Humle Småbolagsfond and Odin Small Cap -- are down 20 percent or more year-to-date, Swedish financial daily Dagens Industri writes.

All three delivered stellar returns of around 60 percent in 2021 while their benchmark, Carnegie small-cap index, rose 36 percent.

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