Trading Halt in Norway: Storebrand Asset Management Update

Understanding the Trading Suspension

Recently, trading for several funds managed by Storebrand Asset Management experienced a pause due to national holidays observed in Norway. This type of interruption is important for investors who are closely monitoring their assets and the overall market conditions.

Impact of National Holidays on Trading

On the 1st of May, trading on Nasdaq Copenhagen was suspended, affecting a range of funds, and this disruption is a reflection of the operational considerations that come into play during public holidays.

Official holidays can significantly impact trading schedules. In this case, May 1st and 17th were both designated as non-trading days, which aligns with the company’s holiday calendar that influences staffing and trading availability.

Resumption of Trading Activities

The pause in trading is set to last until the 2nd of May, when normal operations will resume. This temporary halt allows the management team to handle the operational aspects associated with holidays while ensuring market integrity for their clients.

Details of Affected Funds

Storebrand manages several fund options, providing a range of investment opportunities for clients. Here’s a brief look at some of the share classes that were suspended from trading:

Key Fund Names

Some noteworthy funds include:

• SKAGEN Focus A (Symbol: SKIFOA, ISIN: NO0010735129)
• SKAGEN Global A (Symbol: SKIGLO, ISIN: NO0008004009)
• SKAGEN Kon-Tiki A (Symbol: SKIKON, ISIN: NO0010140502)
• SKAGEN m2 A (Symbol: SKIM2, ISIN: NO0010657356)
• SKAGEN Vekst A (Symbol: SKIVEK, ISIN: NO0008000445)

Additional Investment Options

Storebrand also promotes various index funds, such as Storebrand Indeks – Alle Markeder A5 (Symbol: STIIAM, ISIN: NO0010841588) and Storebrand Indeks – Nye Markeder A5 (Symbol: STIINM, ISIN: NO0010841570). These funds highlight Storebrand's commitment to offering diversified investment strategies.

Storebrand's Commitment to Sustainable Investing

As a significant player in asset management, Storebrand is recognized as Norway's largest private asset management firm, overseeing approximately DKK 900 billion in assets under management. The company stands out as a prominent provider of sustainable pensions and savings solutions in the Nordic regions. For over 30 years, Storebrand has been at the forefront of environmental, social, and governance (ESG) investing, providing tailored solutions for both institutional and retail investors.

In Denmark, Storebrand offers innovative investment solutions through a multi-boutique platform, which incorporates the distinct brands such as Storebrand Funds and SKAGEN Funds, underscoring its diverse investment capabilities and commitment to sustainability.

Conclusion

The recent suspension of trading in certain funds illustrates the significance of national holidays on market operations. Storebrand’s proactive communication ensures that investors are well informed of changes, helping them navigate their investment decisions effectively during such periods.

Frequently Asked Questions

What caused the trading suspension by Storebrand?

The trading suspension was due to national holidays in Norway, affecting operations on specific days.

When will trading resume for the affected funds?

Trading for the affected funds is expected to resume on the 2nd of May.

Which funds were suspended from trading?

Funds such as SKAGEN Focus A, SKAGEN Global A, and Storebrand Indeks funds were among those affected.

What is Storebrand's position in the market?

Storebrand is Norway's largest private asset manager, focusing on sustainable investment solutions and a diverse fund offering.

How does Storebrand contribute to sustainable investing?

Storebrand has over 30 years of experience in ESG investing, providing tailored solutions to support sustainable development in various markets.

About The Author

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