Fact sheet: Nordea 1 Norwegian Equity

Fund information
Fund name
Nordea 1 Norwegian Equity BP NOK
Fund manager company
Nordea
Fund type
Offshore Fund
Fund managers
  • Robert Naesssince 01/08/2000
Fund objective
The fund invests a minimum of three-fourths of its net assets in equities, other equity shares such as co-operative shares and participation certificates (equities and equity rights), dividend-right certificates and warrants on transferable securities issued by companies which are domiciled or exercise the predominant part of their economic activity in Norway. The fund manager invests according to a fundamental bottom-up stock picking approach identifying companies able to generate strong long-term earnings. These are selected on the basis of attractive valuation, positive earnings momentum, cash flow generation capacity and management qualities.
Benchmark
  • Oslo Exchange Mutual Fund - Total Return Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
13.5%
1 Year rank in sector
14/91
Sector
FO Equity - Europe Single Country
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.93%
Fund size
£704m (£474m 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.
126
Top in this sector
Fund name1 Year
Pictet Russian Equities69.8%
HSBC GIF Russia Equity54.2%
Baring Russia51.6%
Pictet Russia Index50.4%
SEB 2 Russia31.4%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Norway92.8%
    Money Market3.2%
    USA3.1%
    Sweden0.6%
    Italy0.4%
  • Energy22.8%
    Financials22.5%
    Consumer Staples10.3%
    Information Technology10.2%
    Consumer Discretionary9.8%
  • Norwegian Equities89.2%
    US Equities5.7%
    Swedish Equities2.3%
    Money Market2.2%
    UK Equities0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.5%9.7%13.3%13.5%27.5%75.1%
Sector-0.1%-1.2%2.4%-0.9%14.3%55.2%
Rank within sector11 / 939 / 9314 / 9314 / 9127 / 8231 / 77
Quartile1st1st1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund16.3%6.7%3%21.8%12.3%
Sector3.1%9.2%1.7%17.5%18.4%
Rank within sector14 / 9357 / 8953 / 8252 / 7963 / 77
Quartile1st3rd3rd3rd4th
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.
5.15
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.
0.66
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.
0.47
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%.
10.13
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.
7.76
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.
0.44
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.
0.56
Price movement
52 week high205.82
52 week low153.14
Current bid price-
Current offer price-
Current mid price204.89
Region
1Norway92.75%
2Money Market3.15%
3USA3.06%
4Sweden0.63%
5Italy0.41%
Industry sector
1Energy22.76%
2Financials22.49%
3Consumer Staples10.34%
4Information Technology10.18%
5Consumer Discretionary9.84%
6Industrials8.4%
7Materials5.87%
8Telecommunications Utilities3.54%
9Real Estate3.22%
Asset type
1Norwegian Equities89.2%
2US Equities5.74%
3Swedish Equities2.3%
4Money Market2.22%
5UK Equities0.52%
6Canadian Equities0.02%
Individual holdings
1AKER BP ASA8.61%
2ATEA ASA7.34%
3DNB ASA6.52%
4LEROY SEAFOOD GROUP6.21%
5STOREBRAND ASA5.28%
6SPAREBANK 1 SMN4.64%
7SUBSEA 7 SA4.27%
8YARA INTERNATIONAL ASA3.73%
9STATOIL ASA3.46%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund invests a minimum of three-fourths of its net assets in equities, other equity shares such as co-operative shares and participation certificates (equities and equity rights), dividend-right certificates and warrants on transferable securities issued by companies which are domiciled or exercise the predominant part of their economic activity in Norway. The fund manager invests according to a fundamental bottom-up stock picking approach identifying companies able to generate strong long-term earnings. These are selected on the basis of attractive valuation, positive earnings momentum, cash flow generation capacity and management qualities.
Benchmark
  • Oslo Exchange Mutual Fund - Total Return Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Robert Naess01/08/2000
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Nordea 1 Norwegian Equity AP NOK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price203.7
CurrencyNOK
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE0KH
Nordea 1 Norwegian Equity BC EUR
Initial charge5%
Annual charge0.95%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price23.25
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFD7C
Nordea 1 Norwegian Equity BC NOK
Initial charge5%
Annual charge0.95%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price208.99
CurrencyNOK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFD7D
Nordea 1 Norwegian Equity BP EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price22.8
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV26
Nordea 1 Norwegian Equity BP NOK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price204.89
CurrencyNOK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQ61
Nordea 1 Norwegian Equity BP SEK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price223.35
CurrencySEK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV25
Nordea 1 Norwegian Equity E EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.68%
Total expense ratio (TER)2.63%
Bid price-
Offer price-
Mid price20.78
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV27
Nordea 1 Norwegian Equity E NOK
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.68%
Total expense ratio (TER)2.63%
Bid price-
Offer price-
Mid price186.75
CurrencyNOK
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV24
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