Hans-Erik Ribberholt
“Our portfolio is up 0.6 per cent in February. The Evli Greater Russia equity fund was the best performing fund with a rise of 6.1 per cent. The large inflow of petrodollars remains a strong support for the domestic economy. Despite a very uncertain short term outlook for equities in general, we maintain our equity overweight due to the long term nature of the portfolio. The Senior Bank Loans are still suffering under the fall-out from the credit markets and general risk aversion. A lot of negative news has already been factored in at current levels and given that this fund invests primarily in the top-tier and most liquid senior bank loans while applying a careful on-going monitoring, we remain committed.”
AMOUNT (E) FUND
20,000 ING Senior Secured Loan (short term secured loans hedged to EUR)
15,000 Danske Fund Europe (European equities)
15,000 Nevsky European Absolute Return Fund (European equity)
15,000 Robeco Lux-o-rente (European government bonds)
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 Balkan (Eastern European Equity)
5,000 Danske Capital Financial and Investments (Financial sector Eastern Europe)
