Nordic 40

Who should invest?

The Landsbanki Nordic 40 is designed for investors wishing to invest in the Nordic equities included in the OMX Nordic 40 Index. The Fund's investment mix tracks the target Index, with passive management of its portfolio. Investment in the Fund is appropriate for investors wishing to achieve the same return as the Index. Investing in the Fund is a long-term investment, since some fluctuations can be expected in its short-term returns.

Investment Strategy

The Landsbanki Nordic 40 Fund ("the Fund") seeks to achieve strong capital growth and diversification of equity assets by investing exclusively in leading Nordic companies listed on the Nordic Stock Exchange. The Fund mirrors the composition of the OMX Nordic 40 Index by holding shares in proportion to their weighting in the Index at any given time. As a result, the Fund's price reflects the performance of the OMX Nordic 40, after allowance for management costs charged to the Fund and dividends paid to investors by the companies in the Index.

Performance

Min: 128.60 Max: 186.52 Start: 174.20 End: 179.61

Investment Policy

Investment categories 8/1/2020 Min Max
Equities in companies that comprise the OMX Nordic 40 index 99.7% 90% 100%
Cash 0.3% 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
LAISLN40 IR IS0000015642 30 EUR 1.10%

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 3.97% -
Past month 3.78% -
Past 2 months 4.97% -
Past 3 months 10.90% -
Past 6 months 3.50% -
Past year 15.01% 15.01%
Past 2 years 15.08% 7.27%
Past 3 years 15.85% 5.03%
Past 4 years 29.84% 6.75%
Past 5 years 19.92% 3.70%

Information

Registration no. 521206-9340
Fund type Equity fund
Legal form UCITS
Inception date December 27, 2006
Domicile Iceland
Net asset value 2.8 m. EUR
Base currency EUR
Fund managers Halldór Kristinsson Egill D. Brynjólfsson
Trading hours 9:30 AM - 12:30 PM GMT
Settlement - Buys 2 bankdays
Settlement - Sells 2 bankdays
Bid-ask spread 2%
Transaction fee 4 EUR
Subscription available No

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