Best execution policy

Storebrand Asset Management (SAM) manages mutual funds and alternative investment funds, as well as individual portfolios, on behalf of customers. SAM makes investment decisions but does not make orders directly on an exchange. Orders are placed with other investment companies that are responsible for executing the order in the market according to instructions provided by SAM. For instruments not traded on an exchange, orders will be placed directly with various investment companies acting on their own account in the relevant instruments.

SAM chooses external investment companies to execute orders. The requirement to achieve best results when executing orders, taking into account instructions provided by SAM, rests on the investment companies. SAM shall verify that the executing company has effective procedures, systems and arrangements that ensure that SAM can comply with its Best Execution obligations.

Placing of orders and order execution

When SAM makes investment decisions on behalf of funds or individual portfolios, SAM shall take all appropriate measures to achieve Best Execution. Achieving Best Execution takes into account transaction prices and transaction costs (total amount to be paid), speed, likelihood of implementation and settlement, order volume, type of order and other relevant conditions for the order. SAM bases its evaluation of the importance of the various factors on the following criteria:

  • The funds and individual portfolios’ objectives and investment strategy as well as the risk and return profiles 
  • The type of order 
  • The characteristics of the financial instruments included in the order 
  • The characteristics of the trading systems and trading venues where the order can be placed 

If customer orders are executed on behalf of a non-professional customer, Best Execution will be determined by the total amount that the customer will pay in connection with the order execution. In general, the total amount to be paid will be the most important factor in assessing the achievement of Best Execution, but if pure quantitative criteria are not appropriate, qualitative assessments will also be used.
 

Historical returns are no guarantee of future returns. Future returns will depend, among other things, on market developments, the manager's skills, the fund's risk profile and management fees. The returns can be negative as a result of price losses. There is risk associated with investments in the fund due to market movements, developments in currency, interest rates, economic conditions, industry- and company-specific conditions. Before investing, customers are advised to familiarize themselves with the fund's key information and prospectus, which contains further information about the fund's characteristics and costs.