Established Icelandic asset management company whose role is to manage clients’ assets with their best interests as the guiding principle.
Please note that this is not a binding agreement but marketing material. Kindly review the fund’s prospectus and key information, and do not base your final investment decision solely on this information.
Past performance is not a reliable indicator of future performance.
Source: Stefnir hf.
Position name | Market value | Ratio |
Ríkissjóður Íslands | 7,546.7 m.kr. | 47.4% |
Kvika banki hf. | 3,271.5 m.kr. | 20.6% |
Landsbankinn hf. Vesturbæ | 2,740.1 m.kr. | 17.2% |
Íslandsbanki hf. | 1,505.4 m.kr. | 9.5% |
Landsbankinn hf. | 666.0 m.kr. | 4.2% |
Arion banki hf. | 177.6 m.kr. | 1.1% |
Stefnir – Liquidity Fund invests in deposits, bills, bonds and other short-term financial instruments. The fund’s asset portfolio may not have an average duration of more than 180 days.
Individual investments will not have longer maturities than 397 days when the investment is made. Although no duration limits are on financial instruments issued by the Icelandic government or on covered bonds. The fund is suitable for both individuals and companies who want to make short-term investments.
Minimum | Maximum | |
|---|---|---|
Deposits of financial institutions | 40% | 100% |
Bills, bonds and other debt instruments issued by financial institutions | 0% | 50% |
Bills, bonds and other debt instruments issued by or guaranteed by the Icelandic government | 0% | 60% |
Bonds and other debt instruments issued by municipialities. | 0% | 30% |
Investing in financial instruments always involves a financial risk, such as the risk that the investment will not generate a return or that the principal amount will be lost. Past returns are not a reliable indicator of future returns. It should be noted that the risk of an investment increased if it is financed using credit and investment returns can fluctuate. The taxation of investments depends on the circumstances of each individual client and can change in the future. Therefore, it is important for investors to investigate themselves how the investment is taxed.
Investors are encouraged to carry out their own checks and analysis, e.g. reading the appropriate information documents and independently assessing such documents before making a decision on a specific investment. The prospectus and key investor information for Undertakings for the Collective Investment in Transferable Securities (UCITS) and alternative investment funds marketed towards the public contain further information on the relevant fund, including risk and whether the fund is classed as a UCITS or an alternative investment fund marketed towards the public. You can read the prospectus and key investor information for each fund on Stefnir’s website by clicking on the name of that fund.This information is provided for information purposes only and it should not be interpreted as advice to make a particular investment or as advice to buy, sell or dispose of in any other way specific financial instruments.
This information is based on sources which Stefnir considers to be reliable, but it cannot be guaranteed that these sources are correct. Stefnir bears no responsibility for decisions or transactions which people may make on the basis of the information set out here.
The fund invests in deposits, short-term government bonds, and covered bonds issued by financial institutions. It is suitable for those who want to grow their liquid assets in the short term and have low tolerance for fluctuations in returns. The recommended minimum investment period is one month.
