Our Modelportfolio had a strong month in May, rising 2.1 per cent. The equity exposure stood for most of the positive return. JO Hambro Global Select and JO Hambro European Select Values fared the best increasing 5.84 per cent and 4.6 per cent respectively. SEB Nordic Focus followed close behind and ended the month up 3.82 per cent. Among the fixed income holdings Holberg Kreditt fared the best and was up 0.80 per cent. There were only minor changes for the rest of the holdings in the Modelportfolio.
We have decided not to make any changes to the Modelportfolio as for the time being.
Modelportfolio:
| 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 |
31.05.15 |
| SEB NAP |
-6,73% |
26,55% |
6,45% |
0,17% |
12,00% |
13,01% |
9,65% |
7,52% |
| MSCI World* |
-30,06% |
26,51% |
10,57% |
-4,96% |
16,42% |
29,57% |
27,14% |
8,39% |
*MSCI World in NOK