Modelportfolio February 2015

Our Modelportfolio had another strong month with an increase of 2.50% in February. On the equity side the main contributor was JO Hambro Global Select rising 5.60%, followed by SEB Nordic Focus which rose 4.8%. In the fixed income part of the portfolio, BlueBay High Yield NOK had the best development during the month, rising 1.90%.

We have had a very strong period in most markets, and we think it is time to reduce risk somewhat. Equities are our most preferred asset class, and we want to keep the current allocation. Thus, we have decided to sell our position in BlueBay Emerging Markets Bond Fund NOK, and investing into SEB Liquidity Fund. 

Modelportfolio after implemented changes:

Investments Portfolio
Equities  
JO Hambro European Select Values Fund 10%
Fidelity Asian Special Situations 10%
SEB Nordic Focus 10%
Ishares Core S&P 500 UCITS 10%
JO Hambro Global Select 15%
Sum Equities 55%
   
Fixed Income  
Carnegie Corporate Bond Fund 20%
BlueBay High Yield Fund 5%
SEB Liquidity 10%
Sum Fixed Income 35%
   
Alternative  
SEB Asset Selection 10%

 

Return 2008 2009 2010 2011 2012 2013 2014 27.02.15
SEB NAP -6,73% 26,55% 6,45% 0,17% 12,00% 13,01% 9,65% 3,64%
Benchmark** -12,77% 11,92% 6,01% -1,06% 8,23% 15,27% 15,49% 3,80%
Outperformance 6,04% 14,63% 0,44% 1,23% 3,77% -2,26% -5,84% -0,16%
MSCI World*** -30,06% 26,51% 10,57% -4,96% 16,42% 29,57% 27,14% 6,17%

**Benchmark: 50/50 MSCI World og STX1
*** MSCI World in NOK