Holberg Norden is our basic Nordic fund
The Nordic region, with its diverse business structure and almost 900 listed companies, composes "a miniature world". The total share value of these companies is almost NOK 6500 billion, nearly 5 times the market value of the Oslo Stock Exchange.
By taking the step from Norway to the Nordic region, the local risk attached to the Norwegian economy is reduced . At the same time, the Nordic stock exchanges provide opportunities to put together exciting and well-diversified portfolios.
The management of the fund is headed by senior investment manager Hogne I. Tyssøy, who has more than 25 years of experience from the Norwegian investment management industry. He is aided by investment managers Jann Molnes and Robert Lie Olsen, both of whom have significant and diverse experience from the financial industry and investment management. Molnes and Lie Olsen both hold MBAs, from the Norwegian Business School and the Copenhagen School of Economics respectively.
| Responsible Portfolio Manager: | Hogne I. Tyssøy |
| Portfolio Manager: | Jann Molnes, Robert Lie Olsen |
| Fund start date: | Nov 28, 2000 |
| Min. deposit (single) Min. deposit (savings): |
NOK 3000 NOK 300 per month |
| Registration fee: | Up to 3% |
| Redemption fee: | 0% |
| Annual management fee: | 1,5% p.a. |
| Investment strategy: | The fund shall primarily invest in shares or primary capital certificates listed on the Nordic stock exchanges. Up to 20% of the fund may be invested outside the Nordic region. Up to 10% of the fund may be invested in other financial instruments. The fund may not hedge currency positions. Profits will therefore vary with exchange rate fluctuations. The fund may not invest in derivatives. |
| Benchmark index: | VINX, Benchmark Cap Index, Net Total Return (in NOK) |
| Classification: | Nordic equity fund |
| Face value of shares: | NOK 100 |
| Taxes: | The fund's profits are continuously reinvested in the fund. Tax obligations for share holder occur by sales of fund shares. Realized capital gains are taxable by the amount exceeding the tax deduction limit at 28%. Realized capital losses are tax deductible at the same rate. Outside Norway: For information and advice regarding tax issues, please contact your local tax advisor. |
| Custodian: | DnB NOR |
| VPS: | Fund shares are registered in Verdipapirsentralen (VPS) |
| Fund bank account: | IBAN: NO55 5202 0580 003 with DnB Nor Swift code: DNBANOKKXXX |
| Fund VPS account: | 05203.1004626 |