Distribution of new units
New units have been distributed to unit holders in the fixed income fund SKAGEN Tellus as of 31 December 2008.
05.01.2009
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Monetary policy below zero
The financial crisis and a strong recession have brought the central banks to their knees. Led by the Federal Reserve, policy rates are now being slashed the world over. The Norwegian central bank will follow suit, writes portfolio manager Torgeir Høien in a commentary in Norwegian daily, Finansavisen.
15.12.2008
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SKAGEN Tellus' benchmark index
The benchmark index for SKAGEN Tellus has changed its name from Lehman Index to Barclays Capital Global Treasury Index 3-5 years. The change comes about as a result of Barclays Capital taking over parts of Lehman Brothers. Although the name has changed, the content of the index remains unchanged. Click here to read the press release from Barclays Capital.
24.11.2008
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Turmoil in the bond markets
The continuing turmoil in the financial markets has meant that numerous relatively small countries’ currencies and bonds have experienced difficulties over the past few days. This has resulted in an extremely negative development for SKAGEN Avkastning. Measured in euro, there has also been poor development in SKAGEN Tellus, but since the Norwegian krone has weakened against the euro, the price development has been different for SKAGEN Tellus measured in kroner.
23.10.2008
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Weak in euro
The financial unrest pulled down the value of the shares measured in euro in September. But with its low credit risk, the SKAGEN Tellus portfolio still stands out as being safe, liquid and cheap. Read more in the latest status report for SKAGEN Tellus.
09.10.2008
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SKAGEN Tellus up in August
SKAGEN Tellus gained 1.6 percent in August. The biggest contributors to the portfolio came from Mexico and Brazil. Read more in the latest status report for SKAGEN Tellus.
04.09.2008
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No holiday for SKAGEN Tellus
SKAGEN Tellus had its best month so far with returns of 4.4 percent in July. There were positive contributions from all our strategic holdings. Read the latest status report for the bond fund.
05.08.2008
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Weak from Tellus
SKAGEN Tellus had a poor month in June, both in relative and absolute terms. A generally stronger euro contributed to pulling down the return. Some bonds were also pulled down by the unrest in the stock markets. Read more in the status report for SKAGEN Tellus.
10.07.2008
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