DNB Asset Management
We offer a number of mutual funds. You’ll find the most important ones here.
Mutual funds that are adapted to LCR and approved for deposit in Norges Bank (the central bank of Norway)
All issuers in these mutual funds are rated according to the LCR rules and legislation and Norges Bank requirements.
DNB Global Treasury
This mutual fund is adapted to LCR 1A and invests in issuers with 0 per cent risk weight. The issuers invested in are government bonds, government-guaranteed issuers, international organisations and multinational investment banks. Minimum deposit NOK 10 million.
DNB European Covered Bonds
This mutual fund is adapted to LCR 1B and invests in covered bonds where each individual loan > EUR 500 million. The mutual fund has a risk weight of 10 per cent and the mutual fund is also currency hedged to NOK.
DNB OMF (Covered bonds)
This fund is adapted to LCR 2A and invests in OMFs (covered bonds) where each loan > NOK 2 billion. The mutual fund has a risk weight of 10 per cent.
Compare mutual funds
LCR level | Describe the | |
|---|---|---|
DNB Global Treasury | 1A - Minimum 30% in 1A | 0 per cent risk weight (government/government-guaranteed, international organisations and multilateral investment banks) |
DNB European Covered Bonds | At least 60% in 1A and 1B | Loans > EUR 500 million Rating > AAA-AA- 10% risk weight |
DNB OMF (Covered bonds) | Maximum of 40% in the whole 2A | Loans > EUR 250 million Rating > A 10% risk weight |
Discretionary management | 1A, 1B, 2A | Customisation Also covers currency |
Mutual funds used for other surplus liquidity
DNB Asset Management offers a number of money market and bond funds which are used by banks in addition to the funds mentioned above. The following money market funds are used a lot by banks:
DNB Likviditet 20 E
Our most cautious money market fund with a short interest rate duration and maximum term of 12 months. Invests primarily in securities from banks and finance. Not industrial securities. Max FRN share of 25 per cent. Minimum deposit NOK 25 million.
DNB Likviditet Institusjon
A money market fund with a short interest rate duration and maximum term of 18 months. Invests primarily in securities from banks and finance. Not industrial papers. Minimum deposits NOK 100 million.
DNB Likviditet D
A money market fund with a short interest rate duration and maximum term of 18 months, which also invests in industrial securities, but not subordinated loans. Minimum deposit NOK 5 million.
Compare money market funds
| Description | |
|---|---|
DNB Likviditet 20E | Our most cautious money market fund with a short interest rate duration and maximum term of 12 months. Invests primarily in securities from banks and finance. Non-industry- Low capital weight- Minimum deposit NOK 25 million |
DNB Likviditet Institusjon | - a cautious money market fund with a short interest rate duration and maximum term of 18 months;- invests primarily in securities from banks, finance and industry;- minimum deposit NOK 5 million. Non-industry- Low capital weight- Minimum deposit NOK 100 million |
DNB Likviditet D | - a cautious money market fund with a short interest rate duration and maximum term of 18 months;- invests primarily in securities from banks, finance and industry;- minimum deposit NOK 5 million. |
Other management
For banks who do not wish to use mutual funds, we can also offer LCR management in the form of individual securities issued in NOK. The same also applies for banks that need an LCR portfolio in EUR or SEK.A separate service and management agreement will then be set up with specific investment instructions for this purpose.
Please note that an agreement based on the management of individual securities will turn out slightly more expensive than a solution based on mutual funds.
For more information about investments
Tom Brataas,Telephone: 924 21,014Email: tom.brataas@dnb.no
Contact customer service - mutual funds
Telephone: 8 AM – 4 PM
Email: fond@dnb.no