Modelportfolio March 2015

Our modelportfolio had a very strong month in March, and rose 2.80% during the month. The main contributors were Fidelity Asian Special Situation and JO Hambro Global Select rising 6.60% and 5.60% respectively.

After a period with a very strong development in S&P 500 ETF we take profit and sell the 10% exposure. We take the opportunity to reduce the equity risk somewhat by investing 5% in Holberg Kreditt and 5% in JO Hambro European Select Values. We are also selling the holding of 10% in SEB Likviditet and reducing Carnegie Corporate Bond by 5%. The proceeds from both holdings go into the newly registered SEB Dynamic Bond Fund.

SEB Dynamic Bond Fund is a flexible, NOK hedged bond fund. The fund invests in both investment grade and high yield bonds. It can have a maximum of 50% in high yield. 

Modelportfolio after implemented changes:

Investments Portfolio
Equities  
JO Hambro European Select Values Fund 15%
Fidelity Asian Special Situations 10%
SEB Nordic Focus 10%
JO Hambro Global Select 15%
Sum Equities 50%
   
Fixed Income  
Carnegie Corporate Bond Fund 15%
BlueBay High Yield Fund 5%
Holberg Kreditt 5%
SEB Dynamic Bond Fund 15%
Sum Fixed Income 40%
   
Alternative  
SEB Asset Selection 10%

 

Return 2008 2009 2010 2011 2012 2013 2014 31.03.15
SEB NAP -6,73% 26,55% 6,45% 0,17% 12,00% 13,01% 9,65% 6,54%
Benchmark** -12,77% 11,92% 6,01% -1,06% 8,23% 15,27% 15,49% 5,87%
Outperformance 6,04% 14,63% 0,44% 1,23% 3,77% -2,26% -5,84% 0,67%
MSCI World*** -30,06% 26,51% 10,57% -4,96% 16,42% 29,57% 27,14% 9,57%

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