Nordic funds

Taking a look at a number of Nordic-focused funds you may be considering.

For those looking at investments in the region, there are a number of possibilities. For example there is the possibility of buying real estate, as well as investing in one of the exchanges listed in the region.

One possibility is by investment in funds. This allows someone else to take on the stress of investing in a particular asset class or equity, while you sit back and hope for the best.

The ‘Nordic Fund’ by investment giant Fidelity is one such possibility. The marketing blurb says that it invests in the stockmarkets of Norway, Sweden, Denmark and Finland. Its had a mixed success over that period, with a strong 2012-2013 standing against a weaker 2011.

However it has performed well over the last five years, and would have returned you almost £400 according to Morningstar had you made an initial purchase of £1,000.

The fund’s biggest investments include Danish shipping giant Maersk, Swedish tool maker Sandvik and legendary beer brand Carlsberg. The fund manager is Bertrand Puiffe.

Another fund that may be worth some consideration is the SEB Nordic fund. This invests in the aforementioned countries as well as Iceland. The fund’s biggest holdings include Danish pharmaceutical giant Novo Nordisk, banking behemoth Nordea and Hennez & Mauritz aka retailer H&M.

There is also Carnegie Nordic Markets to consider. A similar entity to the aforementioned funds, its biggest holdings are Novo Nordisk, H&M and Atlas Copco, a maker of air compressors and mining tools.

There are a number of funds to consider for those taking a look at the Nordic region, and future features will investigate other opportunities for those with an interest in taking such an investment by looking at ETFs and fixed-income opportunities.

Note: The above should not be taken as investment advice. For those seeking out investment advice you should seek out the services of an independent financial adviser or related role in your jurisdiction. The author does not own any holdings either directly or indirectly in the funds mentioned above. Investors should bare in mind that funds can fall in value and that past performance is not a guarantee of future success.

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