Modelportfolio August 2016

The Modelportfolio is up 2.70 per cent year to date. Considering the extremely low interest level and the volatility in most markets in 2016, the performance is satisfying. The volatility in the portfolio is kept at a low level due to a relatively high weight in alternative investments. The best performing asset class is fixed income. It is particularly the international high yield exposure that has been strong. Even though the Norwegian krone has appreciated against most currencies, we have been able to keep the performance by using NOK-hedged share classes where possible.

The NAP rose 0.33 per cent in August. The best performing fund was SEB Norway Focus, followed by SEB High Yield and Hermes Global Emerging Markets Fund. The weakest performer was Legg Mason Martin Currie European Absolute Alpha.

By the end of July we included Hermes Global Emerging Market Fund in the Modelportfolio. It has 5 per cent weight. We reduced the European equity exposure from 15 per cent to 10 per cent. We remain at 45 per cent weights in equities, 25 per cent in fixed income and 30 per cent in alternative investments.

 

  Modelportfolio:

Investments Portfolio
Equities  
JO Hambro European Select Values   10%
Solsten Nordic Equities   15%
SEB Norway Focus Fund   15%
Hermes Global Emerging Markets     5%
Sum Equities    45%
   
Fixed Income  
Carnegie Corporate Bond Fund   10%
SEB High Yield NOK   10%
SEB Dynamic Bond Fund     5%
Sum Fixed Income   25%
   
Alternative  
SEB Asset Selection    10%
Legg Mason Martin Currie European Absolute Alpha    10%
Nordkinn Fixed Income    10%
Sum Alternative    30%

 

Return 2008 2009 2010 2011 2012 2013 2014 2015 31.08.2016
SEB NAP -6,73% 26,55% 6,45% 0,17% 12,00% 13,01% 9,65%   6,55%  2,17%
MSCI World* -25,56% 12,67% 14,12% -4,55% 8,67% 34,67% 29,39% 16,09%  0,17%


*MSCI World in NOK