About FIRST Fondene

FIRST Fondene has 16 employees with long experience from the financial industry, First Securities and Swedbank, among others. High level of competence and integrity are the common denominators among the employees. The employees have worked together in Swedbank Asset Management since 2011, and during that period AuM in FIRST Funds grew from approx. NOK 1.5 billion to approx. NOK 7 billion, with significant outperformance in all 6 funds. Employees have now invested their own funds both in the company and in the funds.


FIRST Høyrente (Nordic High Yield)

FIRST Høyrente is an actively managed Nordic high yield bond fund where the fund manager takes active credit exposure. Through close monitoring of the portfolio, we aim to generate a good risk-adjusted absolute return over time. This is achieved through investments in bonds with returns significantly higher than government bonds.

Furthermore, through deliberate positioning for changes in credit premiums, all in a well-diversified portfolio. The Interest rate duration in the fund will normally be around 1 year. Investment decisions are based on fundamental analysis of individual companies and assessments of the interest and credit markets in general. Central to these assessments is where the portfolio manager believes you get the best reward for the risk you take. The fund's investments will be in bonds that have a higher credit and liquidity risk than those in the benchmark index, which consist of government bonds. As a result, the expected return of the fund is higher than the benchmark index. At the same time, investors should expect more fluctuations in the return of the fund than in the benchmark index.

In 2019 FIRST Høyrente was the winner of Lipper Fund Awards in the category "Best Bond Fund Europe High Yield 3 Years".

The fund is managed by Henry Grepstad


FIRST Rente (Investment Grade)

Through active management and by taking a somewhat higher risk than the benchmark index, FIRST Rente aims to provide an annual relative excess return after costs of 1 - 3%. The fund will also try to achieve a positive absolute return on an annual basis.

The fund takes active positions based on analysis and assessments of the interest rate and credit markets. The fund will also take specific exposures to changes in interest rates and the slope of the yield curve. Exposure to the credit market is taken through investments in bonds where the fund considers the payment for the risk to be good. The fund will always have a minimum of 80% of the portfolio invested in Investment Grade bonds.

The fund's investments will be in bonds that generally have a higher credit and liquidity risk than the benchmark index, which consists solely of government bonds. The fund's return is expected to be higher than the return on the benchmark because of the higher risk, but at the same time, one must expect greater fluctuations in the fund's return.

In 2019 FIRST Rente was the winner of Morningstar Fund Awards in the category "Best Norwegian Bond Fund".

The fund is managed by Henry Grepstad


Contact us

Munkedamsveien 45E
0250 Oslo
Norway

Telephone: +47 22 01 55 00
E-mail: post@firstfondene.no

Please send inquiries regarding fund transactions to ordre@firstfondene.no

Fund documentation