Hans-Erik Ribberholt
“The portfolio was down in August mainly due to the exposure to Asia and Russia, which detracted from return. The best performing fund this month was Robeco Lux-o-Rente, which rose 2.1 per cent in August. The fund invests in government bonds and is driven by a quantitative model, which combines various inputs to assess the attractiveness of the bond markets. As a consequence the duration varies between 1 and 10 years. On the equity side, the best performing fund was Danske Fund Europe. This fund has a five star Morningstar rating and during the past five years, it has provided a return of 67 per cent versus a benchmark return of approximately 50 per cent.”
AMOUNT (E) FUND
20,000 ING Senior Secured Loan (short term secured loans hedged to EUR)
15,000 Nevsky European Absolute Return Fund (European equity)
10,000 Danske Fund Europe (European equities)
10,000 Dexion Absolute Limited
10,000 Evli Greater Russia
10,000 Evli Ruble Debt (corporate ruble debt)
10,000 Fidelity American Growth (US equities)
5,000 Credit Agricole ASEAN (equities ASEAN countries)
5,000 Danske Capital Financial and Investments (financial sector Eastern Europe)
5,000 Robeco Lux-o-rente (European government bonds)
