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The fund invests in bonds, commercial papers, promissory notes, mortgage bonds, and other interest-bearing debt instruments. Although the investments are primarily within Norway, when this is deemed appropriate the fund may invest in instruments issued by companies and institutions in other countries. The fund invests at least 90 percent of the fund's value in securities with a minimum credit quality of BBB minus ("Investment grade"). All the instruments in the fund must be denominated in NOK. The average maturity of the instruments in the fund is between two and four years, depending on our interest rate prognoses. The credit risk and interest rate risk attached to the fund are moderate. Fixed income funds may be exposed to credit risk, which is defined as the risk that the issuer will be unable to meet its obligations on the bonds maturity date. Fixed income funds that only invest in securities issued or guaranteed by a government are not exposed to credit risk.
Name | Title | Since | Until |
---|---|---|---|
Arne Mjelde | Portfolio Manager | 2004 | Now |
Biography | Arne Mjelde is portfolio manager for Norwegian bond funds. Before joining DNB Asset Management in 2001, he worked as Head of trading in DNB, responsible for DNB Bank's own bondportfolio, and trading of government and corporate bonds. He joined the DNB Group in 1995. He has previously worked in the treasury department in Christiania Bank (Nordea) and Norgeskreditt. Mjelde holds an MBA from the University of Colorado at Boulder and is also an authorized financial analyst (AFA) from the Norwegian Business School (NHH). |
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