Our Path to Disciplined Value Investing
Value investing is more than just buying cheap; it's about finding quality companies whose intrinsic value the market misunderstands. The fact that Telenor…
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Swedish equity fund
Amos Value
Amos Value is an actively managed Swedish equity fund that invests in quality companies with strong cash flows and proven profitability, purchased with a margin of safety. We always separate the company from the stock and only invest when the price offers a clear margin of safety relative to our estimate of fair value.
Swedish equity fund
Focus on quality
Amos Value is an actively managed Swedish equity fund that invests in quality companies with strong cash flows and proven profitability, purchased with a margin of safety. We always separate the company from the stock and only invest when the price offers a clear margin of safety relative to our estimate of fair value.
- Price discipline
- We buy when the price offers a margin of safety. We sell when it no longer does.
- Quality companies
- Strong balance sheets, durable cash flows and sustainable business models.
Launches 6 July 2026
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Available platforms
Amos Value opens for investment on 6 July 2026, on platforms you may already use.
Amos Value A (Acc)
ISIN: SE0029302199
Returns are automatically reinvested in the fund. The unit's value grows instead of being paid out, with nothing for you to do.
Not sure which suits you? Read more about the share classes →
More platforms will be added continuously
Past performance is not a guarantee of future returns. The money invested in the fund may increase or decrease in value and you may not get back the full amount invested. Read the fund's key information document and prospectus before investing.
Our edge
Quality at the right price
Amos Value focuses on the combination of quality and price, and is uncompromising on both. We do not buy companies just because they are cheap, and we do not buy quality regardless of price. We only invest when quality meets a margin of safety. That is the core of quality-driven value investing: the right companies at the right price.
Mispricing, not just low multiples
We do not focus solely on low valuations. We focus on identifying companies that are undervalued relative to their fair value.
Numbers over narratives
We do not do company visits. We trust ten years of cash flows more than one hour of presentation. That gives us time to turn over more stones.
No style drift
We follow our process rigorously. We will make mistakes, but not because we deviated from the strategy.
Quality definition
What we mean by quality companies
For us to classify a company as a quality company, it needs to have proven itself over a multi-year period. The company must have weathered at least one major crisis, one economic cycle and other disruptions without resorting to a defensive rights issue or seriously jeopardising its existence. 2-3 good reports are not enough for us to reclassify a previously weak company as quality. We want to see strong results, year after year.
- Quantitative criteria
- Rising revenue and earnings per share over time, stable operating margins, strong balance sheet
- Qualitative criteria
- Proven and understandable business model, ability to handle disruptions and crises, efficient capital allocation and strong cash flows.
Selection process
From universe to portfolio
Our total universe comprises approximately 1,600 Nordic companies. Through qualitative and quantitative filters we narrow this down to approximately 100 quality companies. The list is dynamic and companies are added and removed as conditions change.
~1,600Universe
Nordic companies
100+Watchlist
Quality companies tracked and evaluated quarter by quarter
~25 to 40Portfolio
Stock by stock
Value discipline
Price and margin of safety
We require a margin of safety in every investment. This partly protects us from mistakes and sets the bar for what we require from a buying opportunity. We will miss next year's winners. But we should not own next year's big losers.
- Fair value
- Every company in our universe is assigned a fair value estimate, updated after each quarterly report. When a margin of safety appears, the company becomes a portfolio candidate.
- Sell discipline
- We reduce or sell when the price approaches fair value. Occasionally leaving money on the table is the cost of maintaining a consistent process.
- Complete absence of FOMO
- A stock rising 40 percent is irrelevant when the margin of safety is absent. Returns should come from the company's earnings, not from the next buyer's optimism.
“The stock market is filled with individuals who know the price of everything, but the value of nothing.”
Performance
Amos Value A (Acc)
Share classes
Which one might suit you?
Four short questions, then you will see which option might suit you best.
Question 1 of 4
What is your goal with your saving?
This is a simplified tool of a general nature and does not constitute individual advice. Contact an independent advisor if you are unsure what suits you. Read more about our stance on advice
Frequently asked questions
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