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DNB Fund TMT Absolute Return A EUR

Ranked 73 out of 181 in - Long/Short Equity over 12 months

All calculations are in EUR unless stated

Managed by

Sverre Bergland

Sverre Bergland is a portfolio manager at DNB Asset Management. He joined the firm in 2001 as an equity analyst in technology and prior to this he was with ABG Securities as an IT analyst. Sverre graduated from the University of San Francisco with a BA in Finance.

Anders Tandberg-Johansen

Anders Tandberg-Johansen was born in Oslo in Norway in the early seventies. He studied at Andelshøyskolen where he gained an MSc in finance. He began his career in the financial industry in 1996 as a technology analyst at Enskilda Securities. After a two year stint he joined DnB NOR as a portfolio manager where he currently works as lead manager on the DnB NOR Nordic Technology Fund. Outside of fund management he likes to unwind by playing or watching a good game of football.

Erling Thune

Erling Thune joined DNB Asset Management's global technology team in early 2008. He is responsible for global telecommunications companies and media. Thune started his career in 1993 as a financial journalist for the Norwegian Financial Daily. Between 1996 and 2000 he was senior vice president and investor relations officer at Elkjøp ASA, Norway's leading retail company, before joining Telenor ASA in 2000 where he held the position of head of investor relations. Erling is a graduate of the Norwegian School of Economics and Business Administration (NHH).

Objective

The fund has the ability to benefit from movements in the prices of equities- either up or down. Specifically, the fund takes long and short positions in equities of technology, media and telecom companies anywhere in the world. Although the fund actually places most of its assets in high quality debt securities, most of its performance is derived from its exposure to equities. The Investment Manager uses its own analysis to determine which equities appear most likely to rise in value and which appear most likely to fall. The Investment Manager then takes long positions on the former and short positions (using derivatives) on the latter.

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Performance

Rank 73/181 Total Return
Rank 35/181 Standard Deviation
Rank 73/181 Max Drawdown

	Fund Name	Currency	Return
71	Rational Asset Mgmt Equity Long/Short IC H-EUR Currency exposure is hedged Currency exposure is hedged	EUR	4.5%
72	Fonditalia Flexible Emerging Markets - R	EUR	4.2%
73	DNB Fund TMT Absolute Return A EUR	EUR	4.2%
74	Man GLG European Mid-Cap Eqty Alt IN EUR	EUR	4.0%
75	Fonditalia Flexible Italy - R	EUR	4.0%
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	Fund Name	Currency	Risk
34	Lazard US Fundamental Alternative EA Acc EUR Hdg Currency exposure is hedged Currency exposure is hedged	EUR	3.4
35	DNB Fund TMT Absolute Return A EUR	EUR	3.5
36	LYXOR/OZ US Equity Opportunities Fund A - EUR acc	EUR	3.5
37	Schroder ISF European Eq Absolute Return C Acc	EUR	3.5
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	Fund Name	Currency	Loss
71	Man GLG European Mid-Cap Eqty Alt IN EUR	EUR	-2.8%
72	Fonditalia Flexible Italy - R	EUR	-2.8%
73	DNB Fund TMT Absolute Return A EUR	EUR	-2.9%
73	Exane Funds 2 - Exane Zephyr Fund A acc	EUR	-2.9%
75	LM MC Japan Abs Alpha A (PF) EUR Dis (A) (H) Currency exposure is hedged Currency exposure is hedged	EUR	-3.0%
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Total Return

Quarterly Performance

to 31/03/2017	Annual	Q1	Q2	Q3	Q4
2017		1.3%
2016	5.5%	4.0%	1.2%	3.3%	-2.9%
2015	5.7%	0.7%	1.1%	-1.2%	5.1%
2014	-1.7%	5.2%	-4.7%	-2.7%	0.8%
2013	13.2%	3.5%	6.0%	3.5%	-0.3%
2012	-11.0%	1.0%	-6.6%	-3.7%	-1.9%
2011	10.2%	2.0%	-1.0%	5.9%	3.2%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

Austria
Finland
Germany
Iceland
Latvia
Lithuania
Luxembourg
Norway
Sweden
Switzerland
United Kingdom

Fund Info

Launch date17/12/2010
Share Class size10Mn
Base currencyEUR
ISIN LU0547714526

Purchase Info

Min. initial investment1,000
Min. regular additional investment0

Charges

Annual management1.50%

Driving returns: tech star revs up for self-driving car surge

19 July 2016, 11:35

Citywire A-rated Anders Tandberg-Johansen says opportunities go beyond carmakers as IT specialists will thrive.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).