As equity markets struggled in 2011, a volatile year ended in solid numbers for DNB’s Absolute Return funds ECO and TMT. With an annual net performance of 17.4% and 10.2%, ECO and TMT have been recognized globally as two of the top performing funds across all sectors.
UK based The Hedge Fund Journal ranked DNB TMT number one on a risk adjusted basis. By providing not only absolute performance, the team gives the most value to its customers relative to the risk taken in the market. ECO was by this measure ranked third, giving DNB yet another top three finishing among global competitors. Picking up three "Fund of the Month" titles in 2011, DNB was among the favourites to the year-end evaluation by the German ECOreporter. The magazine claimed that DNB ECO Absolute Return fund "declassed its competitors" and continued further down in the article:
"In the German Renewable Energy fund universe the annual winner DNB has outclassed the competition. On a YTD perspective the fund rose more than 17 percent in value, while of the remaining 16 funds, only every fourth product achieved an increase in value.”
In addition to the above mentioned honourable rankings, DNB have also received top recognition in Financial Times, Investors Choice Awards, UCITS Alternative Index (number 1 of 205 funds), TNS Prospera and Morningstar, selecting DNB as one of the leading fund houses within specific categories.
CEO of DNB Asset Management, Mr. Torkild Varran, is very satisfied with the success that both the TMT and ECO strategies are experiencing: - The awards are a recognition of the skills of our organisation in general and particularly of our portfolio managers and gives us confidence in our efforts bringing these products out to a wider audience. We are very pleased by the performance providing the promised absolute returns to our clients in a year with very challenging markets.
Please find more information and continue to follow the performance of the ECO and TMT funds on our webpage www.dnb.no/lu.