Landsbref Global Equity Fund

Who should invest?

The Landsbanki Global Equity Fund (LGEF) is a fund of funds, seeking long-term capital growth and through investment in global markets. Investing in a global fund ensures a high degree of diversification. The fund's benchmark is the MSCI World Index. The funds chosen by LGEF are managed by leading global asset management companies, including AllianceBernstein, T. Rowe Price and Blackrock Investment Management.

Investment Strategy

Landsbanki Global Equity Fund will invest in at least 5 separate funds, with no more than 20% invested in any one mutual fund. Up to 20% of the fund can be invested directly in individually traded and quoted securites.

Performance

Min: 2,181.52 Max: 3,195.52 Start: 2,693.05 End: 3,094.20

Investment Policy

Investment categories 8/1/2020 Min Max
Individual mutual funds and ETFs 98.2% 70% 100%
Cash 1.7% 0% 10%
Listed Equities 0.1% 0% 30%
Unlisted securities 0.0% 0% 10%

About the Fund

The Fund is a UCITS operating pursuant to Act No. 128/2011, on UCITS, Investment Funds and Institutional Investor Funds, and is supervised by the Icelandic Financial Supervisory Authority (FME). The Fund is managed by Landsbréf hf., a management company licensed to operate in Iceland and supervised by the FME. Landsbankinn hf. serves as custodian bank for the Fund. Information about taxation is available in the document “Taxation”. Investment in funds always involves risk as the price of units can both increase and decrease due to changes in the value of underlying assets and exchange rate fluctuations where fund assets are in foreign currencies. Past returns are not necessarily an indication of future returns. Investors are advised to acquaint themselves thoroughly with key information and the prospectus of funds prior to investing. The redemption value of the Fund’s units is the market value of its total assets less any debts of the Fund, such as unpaid administrative and management costs, and other costs.

Share Classes
Bloomberg ISIN Min investment Man. fee
LAISGEF IR IS0000012094 5,000 ISK 1.50%

More information

  • Contact us by phone +354 410 4040 | e-mail | Online form
  • Landsbanki - Investments and Pension Services
  • Austurstraeti 11
  • 155 Reykjavik, Iceland

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Nominal Return

Nominal Return 7/31/2020

Period Uppsafn. Ársgr.
YtD 18.46% -
Past month 4.00% -
Past 2 months 8.60% -
Past 3 months 7.15% -
Past 6 months 16.03% -
Past year 27.74% 27.74%
Past 2 years 53.58% 23.93%
Past 3 years 73.56% 20.18%
Past 4 years 67.56% 13.77%
Past 5 years 45.76% 7.83%

Information

Registration no. 600390-9619
Fund type Equity fund
Legal form UCITS
Inception date December 1, 2003
Domicile Iceland
Net asset value 2,504.4 m. ISK
Base currency ISK
Fund managers Halldór Kristinsson Egill D. Brynjólfsson
Trading hours 9:30 AM - 2:30 PM GMT
Settlement - Buys 3 bankdays
Settlement - Sells 3 bankdays
Bid-ask spread 2%
Transaction fee 450 ISK
Subscription available Yes
Spread discount for subscribers 100%

Documents