Modelportfolio May 2016

The NAP rose 1.40 per cent in May. The main contributor was Solsten Nordic Equities which climbed 3.60 per cent. It was followed by JO Hambro European Select Values and Martin Currie European Absolute Alpha Fund. They rose 2.80 per cent and 2.30 per cent respectively. The former got some tail wind because of a stronger Euro. The worst performer was SEB Asset Selection. The fund lost 2.10 per cent in May.

 After a solid period in the equity market, we are reducing the risk somewhat. We are cutting our exposure in JO Hambro European Select Values and Solsten Nordic Equities by 2.5 per cent each. The proceeds are invested equally in Nordkinn Fixed Income Macro Fund and SEB Dynamic Bond Fund. After the reallocation we have 40 per cent equity exposure, and 30 per cent in both fixed income and alternatives.

 

 The Economic Outlook report will be in summer recess for two months.

 We wish all readers a lovely summer!

 

 Modelportfolio:

Investments Portfolio
Equities  
JO Hambro European Select Values   12,5%
Solsten Nordic Equities   12,5%
SEB Norway Focus Fund    15%
Sum Equities    40%
   
Fixed Income  
Carnegie Corporate Bond Fund   10%
SEB High Yield NOK   10%
SEB Dynamic Bond Fund   10%
Sum Fixed Income   30%
   
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 31.05.2016
SEB NAP -6,73% 26,55% 6,45% 0,17% 12,00% 13,01% 9,65%   6,55%  1,38%
MSCI World* -30,06% 26,51% 10,57% -4,96% 16,42% 29,57% 27,14% 14,96% -3,6%


*MSCI World in NOK