Modelportfolio August 2015

 

The Modelportfolio has returned 4.78 per cent by the end of August. It fared relatively well during the volatility in the three summer months, and was off 2.90 per cent. The majority of the decline was in August when it was down 2.55 per cent. In the middle of August, we reduced our holding in Fidelity Asian Special Situations from 10 per cent to 5 per cent, and removed BlueBay High Yield NOKs 5 per cent weight from the portfolio. We invested the proceeds into Martin Currie European Absolute Alpha NOK (MCEAA). MCEAA is a European long/short equity fund that is currency hedged into Norwegian kroner. This is part of a long-term strategy to gradually reducing the risk of the Modelportfolio. That said, it does not rule out taking short term bets if we see good risk/reward opportunities.


Modelportfolio:

Investments Portfolio
Equities  
JO Hambro European Select Values 15%
Fidelity Asian Special Situations   5%
Solsten Nordic Equities 10%
JO Hambro Global Select 15%
Sum Equities 45%
   
Fixed Income  
Carnegie Corporate Bond Fund 15%
Holberg Kreditt 10%
SEB Dynamic Bond Fund 10%
Sum Fixed Income 35%
   
Alternative  
SEB Asset Selection 10%
Legg Mason Martin Currie European Absolute Alpha 10%
Sum Alternative 20%

 

Return 2008 2009 2010 2011 2012 2013 2014 31.08.15
SEB NAP -6,73% 26,55% 6,45% 0,17% 12,00% 13,01% 9,65% 4,78%
MSCI World* -30,06% 26,51% 10,57% -4,96% 16,42% 29,57% 27,14% 7,77%


*MSCI World in NOK