The Norwegian Advisory Portfolio (NAP) is a balanced portfolio. Currently, it has 40 per cent exposure to equities, 40 per cent to fixed income and 20 per cent to alternative investments (hedge funds). With this allocation it can be considered neutrally weighted to risk. The NAP rose 1.15 per cent in February. All holdings except Arctic Nordic Equities had positive return. It was Hermes Global Emerging Markets that had the sharpest rise. It gained 4.35 per cent during February. Next on the list were KLP AksjeGlobal Indeks NOK-H, SEB Norway Focus Fund, and SEB Asset Selection. They rose 2.80 per cent, 2.10 per cent and 1.75 per cent respectively.
We did not do any reallocations during the month.
Modelportfolio:
| Investments |
Portfolio |
| Equities |
|
| KLP Aksje Global Index NOK |
10% |
| Arctic Nordic Equities |
10% |
| SEB Norway Focus Fund |
15% |
| Hermes Global Emerging Markets |
5% |
| Sum Equities |
40% |
| |
|
| Fixed Income |
|
| Carnegie Corporate Bond Fund |
10% |
| Holberg Kreditt |
10% |
| SEB NOK Liquidity |
10% |
| JP Morgan Global Strategy |
10% |
| Sum Fixed Income |
40% |
| |
|
| Alternative |
|
| SEB Asset Selection |
10% |
| Nordkinn Fixed Income |
10% |
| Sum Alternative |
20% |
| Return |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
| SEB NAP |
-6,73% |
26,55% |
6,45% |
0,17% |
12,00% |
13,01% |
9,65% |
6,55% |
5,30% |
2,01 |
| MSCI World* |
-25,56% |
12,67% |
14,12% |
-4,55% |
8,67% |
34,67% |
29,39% |
16,09% |
5,65% |
4,40% |
*MSCI World in NOK