Nykredit Invest Balance Suspends Trading Due to Technical Issues
Nykredit Invest Balances Trading Suspension Explained
Nykredit Portefølje Administration A/S has officially requested a trading suspension for all departments it manages. This action comes in response to significant technical challenges that hinder the ability to accurately state the Net Asset Value (NAV) of its funds.
Reasons Behind the Suspension
The primary reason for this suspension is rooted in technical difficulties that prevent the administration from providing correct pricing information. Such situations, although unfortunate, are essential to address to maintain integrity in the trading environments.
Immediate Impact on Funds
This suspension affects several fund departments, and stakeholders are understandably anxious about the implications for their investments. It’s vital for Nykredit to resolve these technical issues promptly, as they impact the trust of investors.
Details of Suspended Funds
Included in this suspension are the following fund departments, which are managed under the auspices of Nykredit Portefølje Administration A/S:
1. Bæredygtig Defensiv KL
ISIN: DK0061671013 – Order Book Code: NBIBDKL
2. Bæredygtig Moderat KL
ISIN: DK0061671286 – Order Book Code: NBIBMKL
3. Bæredygtig Offensiv KL
ISIN: DK0061671369 – Order Book Code: NBIBOKL
4. Defensiv KL
ISIN: DK0016188733 – Order Book Code: NBIDEKL
5. Moderat KL
ISIN: DK0016188816 – Order Book Code: NBIMOKL
6. Offensiv KL
ISIN: DK0060441749 – Order Book Code: NBIOFKL
Communication with Stakeholders
Nykredit encourages any investors or interested parties with questions regarding this announcement to reach out directly for clarification. The company has provided the contact details for inquiries, ensuring that communication remains open and transparent.
Who to Contact
For questions related to this suspension, stakeholders may consider reaching out to:
Email: npa.pm@nykredit.dk
Christian Rye Holm, Head of Portfolio Management & Operations: CRH@nykredit.dk
The Path Forward
Nykredit expresses its commitment to resolving these technical difficulties swiftly, with the goal of resuming normal trading operations as soon as accurate NAV calculations can be resumed. While it’s a challenging time, the focus remains on restoring investor confidence.
Frequently Asked Questions
What led to the trading suspension for Nykredit Invest?
The trading suspension was prompted by technical issues that prevent accurate Net Asset Values from being reported.
Which funds are affected by the suspension?
Several funds are affected, including Bæredygtig Defensiv KL, Bæredygtig Moderat KL, and others, totaling six funds managed by Nykredit.
How will Nykredit address the technical issues?
Nykredit is working diligently to resolve the technical difficulties to ensure accurate pricing can be reinstated, allowing trading to resume.
Who can investors contact for information about the funds?
Investors can contact Nykredit via the email address npa.pm@nykredit.dk or reach out directly to their Head of Portfolio Management.
What is the expected timeline for lifting the suspension?
While no specific timeline has been provided, Nykredit is focused on resolving the issues promptly to lift the suspension as soon as possible.
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