Worst-performing fund manager defends strategy: 'It would have been even worse'

Tin Ny Teknik, a technology fund managed by Carl Armfelt, ranks last among over 1,500 funds on Avanza's platform over five years. Armfelt defends the fund's performance, attributing the poor results to a strategic transition that he claims mitigated even larger losses. The statement signals ongoing underperformance in a key Swedish retail investment vehicle, potentially affecting investor sentiment toward tech funds.