Modelportfolio November 2013

During November the Modelportfolio registred a return of +1,76 percent versus benchmark +1,28 percent, and has now risen 12,16 percent year to date. The major contributors for the month of November was driven by our Europe exposure (Alken European Opportunities +5,40 percent), our holding in SPDR S&P 500 (+5,30 percent) as well as our Asia holding (Fidelity Asian Special Situations Ex Japan +3,30 percent). On the negative side Ashmore Emerging Market Debt decreased -2,00 percent. For our other holdings the changes were minor, however all on the positive side. We continue to favour a balanced portfolio in terms of asset allocation (40 percent equities and 60 percent fixed income). 

 

InvestmentsPortfolio
Equities  
Alken European Opportunities 10,0%
Fidelity Asian Special Situations 10,0%
SEB Nordic Focus 10,0%
S&P Spyder 5,0%
East Capital Russland 5,0%
Sum Equities 40,0%
   
Fixed Income  
Norwegian High Yield Bonds 25,0%
Ashmore Emerging Market Debt 10,0%
Bluebay High Yield Fund 10,0%
Muzinich Short Duration High Yield 10,0%
Bluebay Investment Grade Fund 5,0%
Sum Fixed Income 60,0%

 

Performance20082009201020112012YTD
SEB Modelportfolio -6,73%  26,55% 6,45% 0,17% 12.00% 12,16%
Benchmark -12,77% 11,92% 6,01% -1,06%  8,23% 13,92%
Outperformance 6,04% 14,63% 0,44% 1,23% 3,77% -1,76%
MSCI World -30,06% 26,51% 10,57% -4,96% 16,42% 26,88%