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 02/08/2000
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
31.2%
1 Year rank in sector
13/93
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.
1.81%
Fund size
£836m (£497m 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.
128
Top in this sector
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Pictet Russian Equities57.5%
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Performance snapshot

Holdings snapshot

  • Norway95.9%
    USA1.3%
    Canada1.2%
    Money Market0.8%
    Sweden0.8%
  • Financials26.8%
    Energy21.2%
    Information Technology10.4%
    Materials9.3%
    Consumer Discretionary8.8%
  • Norwegian Equities93.8%
    Money Market3.8%
    US Equities1.2%
    Swedish Equities0.7%
    Italian Equities0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.4%3.9%16.5%31.2%44.8%73.5%
Sector3.1%6.7%11.6%17.7%32.7%64.4%
Rank within sector77 / 9277 / 9316 / 9313 / 9318 / 8336 / 78
Quartile4th4th1st1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund8.2%21.1%6.7%3%21.8%
Sector8.2%9.6%9.2%1.7%17.5%
Rank within sector60 / 9315 / 9357 / 8952 / 8252 / 80
Quartile3rd1st3rd3rd3rd
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.
6.11
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.
0.65
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.
0.82
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%.
10.21
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.
7.97
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.
0.37
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.
0.55
Price movement
52 week high230.74
52 week low172
Current bid price-
Current offer price-
Current mid price230.74
Region
1Norway95.94%
2USA1.29%
3Canada1.21%
4Money Market0.81%
5Sweden0.75%
Industry sector
1Financials26.84%
2Energy21.17%
3Information Technology10.4%
4Materials9.27%
5Consumer Discretionary8.81%
6Industrials8.22%
7Consumer Staples6.34%
8Telecommunications Utilities3.28%
9Real Estate2.8%
Asset type
1Norwegian Equities93.81%
2Money Market3.83%
3US Equities1.22%
4Swedish Equities0.65%
5Italian Equities0.35%
6Danish Equities0.14%
Individual holdings
1STOREBRAND ASA7.27%
2ATEA ASA7.25%
3SUBSEA 7 SA5.92%
4DNB ASA5.89%
5YARA INTERNATIONAL ASA5.83%
6SPAREBANK 1 SMN4.9%
7AKER BP ASA4.14%
8SPAREBANK 1 SR-BANK ASA4.08%
9KONGSBERG AUTOMOTIVE ASA3.7%
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 Naess02/08/2000
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)1.8%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price224.49
CurrencyNOK
Price updated25/04/2017
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)1.24%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price25.34
CurrencyEUR
Price updated25/04/2017
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)1.24%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price235.87
CurrencyNOK
Price updated25/04/2017
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)1.81%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price24.79
CurrencyEUR
Price updated25/04/2017
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)1.81%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price230.74
CurrencyNOK
Price updated25/04/2017
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)1.81%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price237.84
CurrencySEK
Price updated25/04/2017
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)2.55%
Total expense ratio (TER)2.54%
Bid price-
Offer price-
Mid price22.52
CurrencyEUR
Price updated25/04/2017
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)2.55%
Total expense ratio (TER)2.54%
Bid price-
Offer price-
Mid price209.69
CurrencyNOK
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV24
Data provided by

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