Fact sheet: DNB Scandinavia

Fund information
Fund name
DNB Scandinavia IA EUR
Fund manager company
DNB Asset Management S.A.
Fund type
No data available.
Fund managers
  • Kjell M. Hjorneviksince 31/12/2015
Fund objective
The fund objective is to achieve long-term capital growth by investing in the Nordic Region. The fund combines top - down and bottom - up analysis to produce a concentrated portfolio of stocks.
Benchmark
  • VINX Capped SEK Index Net
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-2.4%
1 Year rank in sector
42/91
Sector
FO Equity - Europe Single Country
Yield
-
Fund size
£66m (£78m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
116
Top in this sector
Fund name1 Year
Pictet Russian Equities68.4%
HSBC GIF Russia Equity53.8%
Baring Russia52.4%
Pictet Russia Index48.5%
East Capital Russia30.2%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Sweden35.7%
    Denmark32.9%
    Norway19.2%
    Finland8.8%
    UK3%
  • Industrials25.9%
    Financial Services18.3%
    Health Care13.1%
    Cyclical Consumer Goods11.1%
    Technology8.1%
  • Swedish Equities35.7%
    Danish Equities32.9%
    Norwegian Equities19.2%
    Finnish Equities8.8%
    UK Equities3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%-0.4%-0.2%-2.4%30.1%84.6%
Sector-1%-0.4%2.5%-0.4%14.6%56.8%
Rank within sector25 / 9342 / 9355 / 9342 / 91--
Quartile2nd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-0%17.1%---
Sector3.6%9.2%1.7%17.5%18.4%
Rank within sector40 / 9328 / 89---
Quartile2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
4.07
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.99
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.46
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.78
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.81
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.66
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.79
Price movement
52 week high124.38
52 week low101.45
Current bid price-
Current offer price-
Current mid price119.24
Region
1Sweden35.65%
2Denmark32.86%
3Norway19.2%
4Finland8.8%
5UK3.01%
6Cyprus0.49%
Industry sector
1Industrials25.86%
2Financial Services18.34%
3Health Care13.11%
4Cyclical Consumer Goods11.13%
5Technology8.07%
6Consumer Staples7.3%
7Basic Materials5.39%
8Energy5.25%
9Telecommunications Utilities4.51%
Asset type
1Swedish Equities35.65%
2Danish Equities32.86%
3Norwegian Equities19.2%
4Finnish Equities8.8%
5UK Equities3.01%
6European Equities0.49%
Individual holdings
1NOVO-NORDISK AS7.06%
2ATLAS COPCO AB5.42%
3NORDEA BANK AB5.23%
4VESTAS WIND SYSTEMS5.14%
5VOLVO(AB)4.96%
6DANSKE BANK A/S4.85%
7TELEFONAKTIEBOLAGET LM ERICSSON4.15%
8PANDORA AS3.35%
9HENNES & MAURITZ AB3.23%
Management
Fund manager group
DNB Asset Management
Fund manager company
DNB Asset Management S.A.
Fund type
No data available.
Fund objective
The fund objective is to achieve long-term capital growth by investing in the Nordic Region. The fund combines top - down and bottom - up analysis to produce a concentrated portfolio of stocks.
Benchmark
  • VINX Capped SEK Index Net
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Kjell M. Hjornevik31/12/2015Kjell Morten Hjørnevik is Portfolio Manager with the Nordic Equity team. He joined the company in 1999 working as Portfolio Manager within the Global Tactical Asset Allocation team and has since 2008 worked as Portfolio Manager for the Nordic equities. Prior to this, he was a bank manager at Union Bank of Norway. Mr. Hjørnevik speaks English and Norwegian and holds a MSc in Economics and Business Administration and an EFFAS from the Norwegian School of Economics and Business Administration. Mr Hjørnevik is located in Oslo, Norway.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Finland, United Kingdom, Iceland, Lithuania, Luxembourg, Latvia, Netherlands, Offshore, Sweden
DNB Scandinavia EUR
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price3.8576
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXR04
DNB Scandinavia IA EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.2413
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK0Z
DNB Scandinavia IA NOK
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1073.2379
CurrencyNOK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK1A
DNB Scandinavia IA SEK
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1169.5675
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK1B
DNB Scandinavia NOK
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price34.72
CurrencyNOK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA0HJ
DNB Scandinavia SEK
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price37.8364
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQR58
Data provided by

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