Nordic fund selectors top five asset classes
By Jassmyn Goh, 12 Nov 18
We profile the top five asset classes among Nordic fund selectors, according to Last Word Research and market data
Click through the gallery above to find out which asset classes have been voted as most popular by Nordic fund buyers.
Hedge: long/short equity strategies have shot up in popularity where it stood 15th in Q2 out of 26 to fifth in Q3, according to Last Word Research.
During Q3 14% of Nordic fund selectors said they were looking to increase their allocation over the 12 months to September 2019, 34% to hold, 7% to decrease, and 45% did not use the asset class.
The Norwegian fund selectors were the keenest on hedge: long/short equity strategies as it was the most popular asset class.
For the Norwegians, 29% looked to increase the asset class over the 12 months to September 2019, 18% to hold, no selector wanted to decrease, and 53% did not use the asset class.
The asset class sat in sixth place for the Swedes, and both the Finnish and Danes placed it in 13th.
Hedge: long/short equity funds were the most popular asset class for pan-Europeans.
Since the year to September 2018, the asset class has experience €8.2bn in flows, according to Morningstar.
Pictet’s Mandarin I fund was the top performing fund over the three years to 31 October 2018 at 42.8%, according to Morningstar.
This was followed by Banor Great China Equity S fund at 41.7%, Gam Star Alpha Technology at 31.6%, Polar Capital UK Absolute equity S at 31.5%, and Carmignac Portfolio Long-Short European Equities F fund at 30.8%.
The top funds were found using Morningstar data within the long/short equity categories, domiciled in either Ireland or Luxembourg, and that were available in at least three pan-European countries.