Modelportfolio January 2016

Even with a decline of 3.12 per cent we can state that the Modelportfolio fared well in January. Many Norwegian high yield funds were down almost 5 per cent, and the MSCI AC World in Norwegian kroner fell 7.65 per cent for the month.  The best performing fund was SEB Asset Selection. The fund was up 4.4 per cent for the month, and we appreciate that is has the protective effect in the portfolio as intended. Next on the list are SEB Dynamic Bond and Carnegie Corporate Bond Fund. The performance of these two was flat and -0.65 per cent respectively. In the other end we find Fidelity Asian Special Situations and JO Hambro Global Select. Both funds declined more than 8 per cent. January was the first month in a long time where we had a small currency loss on our unhedged international exposure.

After the market turbulence we are increasing the risk somewhat by selling five per cent in SEB Dynamic Bond NOK and investing the proceeds in Solsten Nordic Equity Fund. 


Modelportfolio:

Investments Portfolio
Equities  
JO Hambro European Select Values 15%
Fidelity Asian Special Situations   5%
Solsten Nordic Equities 15%
JO Hambro Global Select 10%
Solsten Norwegian Equities   5%
Sum Equities 50%
   
Fixed Income  
Carnegie Corporate Bond Fund 10%
SEB High Yield NOK 7,5%
SEB Dynamic Bond Fund   5%
Sum Fixed Income 22,5%
   
Alternative  
SEB Asset Selection 10%
Legg Mason Martin Currie European Absolute Alpha  10%
Nordkinn Fixed Income  7,5%
Sum Alternative 27,5%

 

Return 2008 2009 2010 2011 2012 2013 2014 2015 31.01.2016
SEB NAP -6,73% 26,55% 6,45% 0,17% 12,00% 13,01% 9,65%   6,55% -3,12%
MSCI World* -30,06% 26,51% 10,57% -4,96% 16,42% 29,57% 27,14% 14,96% -7,65%


*MSCI World in NOK