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.”