Modelportfolio January 2017

The Norwegian Advisory Portfolio (NAP) had a broad and good return in January. The portfolio returned 0.86 per cent for the month. The hedging of the Norwegian kroner helped the return significantly as the NOK appreciated against most major currencies. The main contributor was SEB Norway Focus which rose almost 3.7 per cent in January. The laggard was SEB Asset Selection falling close to 1.9 per cent.

We are not doing any changes to the portfolio this month, but will consider adding risk if the market corrects.

 

  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  
SEB NAP -6,73% 26,55% 6,45% 0,17% 12,00% 13,01% 9,65%   6,55% 5,30%  
MSCI World* -25,56% 12,67% 14,12% -4,55% 8,67% 34,67% 29,39% 16,09%  5,65%  


*MSCI World in NOK