Storebrand Indeks Corrects Intrinsic Value Reporting Errors

Author: Dylan Bailey Updated: 02-17-2025 09:01 AM

Corrections to Storebrand Indeks Intrinsic Values

Storebrand Indeks – Nye Markeder has recently acknowledged errors in the reporting of its intrinsic values during a specific reporting period. These discrepancies came to light following a miscalculation by the fund's management company, Storebrand Asset Management AS. As a responsible asset manager, Storebrand has determined to notify stakeholders and rectify the reported values.

Impact of Reporting Errors

The errors relate to the calculations of intrinsic values for several transactions dated from January 14 to February 7. For those dates, there were significant variances between the reported and correct intrinsic values for specific classes of fund shares.

Detailed Report of the Errors

Below are instances of the affected values:

Symbol	Fund Name	Price Date	Correct IV	Reported IV	Error Deviation
STIINM	Storebrand Indeks - Nye Markeder A5	14.01.2025	1,299.57	1,290.10	-0.73%
STIINM	Storebrand Indeks - Nye Markeder A5	14.01.2025	1,299.75	1,290.28	-0.73%
STIINM	Storebrand Indeks - Nye Markeder A5	14.01.2025	1,298.80	1,289.34	-0.73%
STIINM	Storebrand Indeks - Nye Markeder A5	14.01.2025	1,300.22	1,290.74	-0.73%
STIINM	Storebrand Indeks - Nye Markeder A5	14.01.2025	1,299.20	1,289.73	-0.73%

Corrective Actions Undertaken

As part of its corrective plan, Storebrand is proactively communicating with all affected stakeholders. The management is working diligently to ensure that no further discrepancies occur in future reporting sessions. The Stockbrokers' Association has also been duly notified about the discrepancies in reporting to maintain transparency and uphold standards.

The Storebrand Legacy

Storebrand has established itself as Norway’s leading private asset manager, overseeing assets of approximately DKK 900 billion. With a legacy of more than 25 years in ESG investing, the firm is dedicated to providing sustainable pension and savings solutions to both institutional and retail clients, with a diverse brand portfolio that includes Delphi Funds, SKAGEN Funds, and Storebrand Funds.

Contact Information

For further inquiries or concerns regarding this announcement, please reach out to the following representatives:

Henrik Budde Gantzel, Director, henrik.budde.gantzel@storebrand.no

Frode Aasen, Product Manager, fdc@storebrand.com

Frequently Asked Questions

What caused the intrinsic value reporting errors?

The errors were due to miscalculations made by the fund's management company, Storebrand Asset Management AS, during a specific reporting period.

How is Storebrand addressing these errors?

Storebrand is actively notifying all affected stakeholders and implementing corrective measures to prevent future occurrences.

Are other fund classes affected by this issue?

This specific issue affected intrinsic values reported for the Storebrand Indeks - Nye Markeder A5 fund only during the specified period.

What does Storebrand do for its clients?

Storebrand provides a variety of sustainable investment solutions, focusing on ESG factors and client value through its multi-boutique platform.

Who can I contact for more information?

You can contact Henrik Budde Gantzel or Frode Aasen via the provided email addresses for any inquiries.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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