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Holberg Rurik A

Holberg Rurik is an actively managed global equity fund primarily investing in listed companies in emerging markets.

17.01.2020

Rate

204.83

Since start*

6.4%

This year

4.1%

1 year

10.4%

3 years*

6.3%

5 years*

6.5%

*Returns beyond 12 months are annualised

The Fund has a defined investment approach, based on the belief that creating shareholder value in a company is a long-term process. The Fund has a concentrated portfolio where each company has a meaningful weight and thereby a disciplinary effect in the portfolio construction. The Fund is managed with a “bottom-up” focus, using internal models and research input in combination with company visits. We are looking for companies with high return on capital and strong growth prospects in attractive industries. In addition we look for a strong management with documented focus on shareholder value and risk management. Finally favour attractive valuation.

Fund return

Period

Pr. 17. January 2020

Calculate return

Return per 17. January

Fund Bencmark index Excess return
Since start* 6.4% 7.5% -1.0%
This year 4.1% 4.1% 0.0%
Last 12 months 10.4% 21.2% -10.8%
Last 3 years* 6.3% 13.4% -7.0%
Last 5 years* 6.5% 9.8% -3.3%
Last 10 years* - - -

* Annual Average Return

Portrett av Leif

Leif A. Frønningen

Portfolio Manager

Portrett av Harald Jeremiassen

Harald Jeremiassen

Portfolio Manager

Funds largest investments

The fund's investments

Financials 31.9%
Consumer Discretionary 16.3%
Information Technology 14.0%
Consumer Staples 11.4%
Health Care 9.9%
Other 16.5%

8.9%

Naspers

6.7%

Square Pharmaceuticals Ltd

6.0%

Guaranty Trust Bank

5.3%

Alibaba Group Holding

5.2%

Brac Bank Ltd

4.8%

Mobile World Investment

4.4%

Safaricom Limited

4.4%

Tencent Holding LTD

4.4%

Samsung

4.4%

HDFC Bank Ltd

4.4%

Sberbank of Russia

4.1%

Bank Rakyat

4.0%

Puregold Price Club Inc

3.8%

Hemas Holdings PLC

3.8%

KCB Group

3.4%

Dangote Cement PLC

3.3%

MD Medical Group Investments PLC

3.2%

Cash

2.6%

New Oriental Education & Technology Group Inc

2.4%

Dali Foods Group Co Ltd

2.2%

Shoprite Holdings Ltd.

2.1%

Ping An Insurance

2.0%

Ecobank

1.7%

Tanzania Breweries Ltd.

1.5%

Subsea 7 S.A

1.2%

Viet Nam Dairy Products

0.0%

Cash

Facts

Total assets

NOK 743 mill.

Subscription amount

min. NOK 1.000

Benchmark index

MSCI EM NOK

Annual management fee

2%

Redemption fee

0%

Subscription cost

0%