Nykredit Invest Balance Announces Trading Suspension with Key Details

Nykredit Invest Balance Trading Suspension
Nykredit Portefølje Administration A/S has made a significant decision by requesting Nasdaq Copenhagen to suspend trading in selected funds managed by their team. This step is essential as technical issues are currently preventing the correct calculation of the Net Asset Values (NAV) for these funds.
Details of the Fund Suspension
The suspension highlights the importance of maintaining accurate pricing for investors, ensuring that they have the best possible information to inform their decisions. Nykredit Portefølje Administration states that the trading suspension will be lifted once the technical challenges have been resolved and accurate pricing can be restored.
Funds Affected by the Suspension
Three specific funds are currently impacted by this trading halt. These funds are crucial components for various investors seeking balance in their portfolios. Here are the funds under suspension:
Defensive Fund KL
ISIN: DK0016188733
Order Code: NBIDEKL
Moderate Fund KL
ISIN: DK0016188816
Order Code: NBIMOKL
Offensive Fund KL
ISIN: DK0060441749
Order Code: NBIOFKL
Contact for Inquiries
For any inquiries regarding this announcement, stakeholders and investors can reach out directly to Nykredit’s dedicated contact at the provided email address. Additionally, Christian Rye Holm, the Head of Portfolio Management & Operations, is available for further assistance. These channels are open to ensure clarity and maintain trust during this period.
Understanding the Importance of NAV
The NAV is a critical figure for fund investors, reflecting the value of each share or unit in a fund. It is calculated at the end of each trading day based on the closing market prices of the securities in the fund's portfolio. Maintaining accurate NAV calculations is essential for investor confidence and market stability.
Investors are advised to remain patient as Nykredit works to resolve these technical issues. This situation serves as a reminder of the complexities involved in fund management and the necessity for precision in financial operations.
As part of Nykredit’s commitment to transparency and proactive communication, regular updates will be provided regarding the status of the trading suspension.
Frequently Asked Questions
What led to the suspension of trading at Nykredit Invest Balance?
The suspension was initiated due to technical challenges that prevented the accurate calculation of the Net Asset Value (NAV) for selected funds.
How long is the trading suspension expected to last?
The duration of the suspension is not specified and will remain active until the technical issues are resolved and accurate pricing can be restored.
Which specific funds are affected by the trading suspension?
The funds impacted by the suspension include Defensiv KL, Moderat KL, and Offensiv KL.
Who can I contact for more information regarding this situation?
Investors can reach out to Nykredit via email for inquiries. Christian Rye Holm, the Head of Portfolio Management & Operations, is also available to assist further.
What is the importance of accurate NAV in fund management?
Accurate NAV calculations are vital as they influence investor decisions and maintain market confidence in the accuracy of fund valuations.
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