The Modelportfolio gained just short of 1.10 per cent in March. The best performer was Fidelity Asian Special Situations which rose 5.2 per cent. It was followed by SEB High Yield, Solsten Norwegian Equities and JO Hambro European Select Values, all advancing between 2 and 2.50 per cent. The laggards were SEB Asset Selection and JO Hambro Global Select, declining 2.65 per cent and 1.10 per cent respectively. By the end of the first quarter the model portfolio is down 1.10 per cent.
After a strong rebound, we are reducing the equity weight by 5 per cent age points to 45 per cent. After a strong month we take Fidelity Asian Special Situations out of the Modelportfolio. The proceeds are invested equally in SEB High Yield and SEB Dynamic Bond Fund.
Modelportfolio:
| Investments |
Portfolio |
| Equities |
|
| JO Hambro European Select Values |
15% |
| Solsten Nordic Equities |
15% |
| JO Hambro Global Select |
5% |
| Solsten Norwegian Equities |
10% |
| Sum Equities |
45% |
| |
|
| Fixed Income |
|
| Carnegie Corporate Bond Fund |
10% |
| SEB High Yield NOK |
10% |
| SEB Dynamic Bond Fund |
7,5% |
| Sum Fixed Income |
27,5% |
| |
|
| 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 |
31.03.2016 |
| SEB NAP |
-6,73% |
26,55% |
6,45% |
0,17% |
12,00% |
13,01% |
9,65% |
6,55% |
-1,1% |
| MSCI World* |
-30,06% |
26,51% |
10,57% |
-4,96% |
16,42% |
29,57% |
27,14% |
14,96% |
-5,75% |
*MSCI World in NOK