Active Share for Swedish funds 2010-2013

Data on funds' holdings were gathered from Finansinspektionen. The benchmarks constituents were provided by SIX Financial Information and Nasdaq OMX, and gathered from Datastream and iShares (iShares tracks the MSCI-indices). The following were used for each category: Sweden, SIXPRX; Sweden_small, CSRXSE; Nordic, VINXBCAP; Nordic_small, VINXSC; Europe, Euro Stoxx 50; Europe_small, Stoxx Europe Small 200; Global_AC, iShares MSCI ACWI; Global_DM, iShares MSCI World; EM, iShares MSCI Emerging; China, iShares MSCI China; and Russia, iShares MSCI Russia. References Cremers, K. J. M. & Petajisto, A. (2009). How Active Is Your Fund Manager? A New Measure That Predicts Performance. Review of Financial Studies, 22(9). 3329-3365. doi:10.1093/rfs/hhp057 Petajisto, A. (2013). Active Share and Mutual Fund Performance. Financial Analysts Journal, 69(4). 73-93. doi: 10.2469/faj.v69.n4.7.