Other Foreign Funds

Individuals and companies can now invest in foreign securities without restrictions. Íslandsbanki has decades of experience in securities trading in foreign markets and is in co-operation with the world's largest asset management companies.

We have decades of experience in securities trading in foreign markets and we are in co-operation with the world‘s largest asset management companies. We are in co-operation with renowned fund management companies and can invest in foreign funds on behalf of clients. In addition to Storebrand and Vanguard, we are in co-operation with the following:

For further information on foreign funds and related fees contact financial advisors at Íslandsbanki by phone 440-4000 or by e-mail at verdbref@islandsbanki.is

It is not possible to trade with the funds of our foreign partners in Íslandsbanki's online bank and therefore you cannot subscribe to their fund.

Commercial orders must be received by the Bank's Securities and Pension Services via the e - mail address investing@islandsbanki.is or by calling 440-4000.

As with other securities / funds, the client must have a custody account with the bank if the intention is to trade with the funds of foreign partners. A currency account in the same currency as the fund's registration currency to be purchased must also be available.

If a custody account does not exist, it can be created in a simple way here.

If you do not have a foreign currency account, you can create one here.

It is desirable that the trading instructions with foreign funds state how high the purchase amount should be in foreign currency.

General disclaimer regarding investment in funds

Investments in financial instruments always entail financial risks, such as the risk of little or no return or total loss of capital. Past performance is neither an indication nor a guarantee of future returns. Risk increases if the investment is financed by credit and returns can increase or decrease due to exchange rate volatility if assets are in foreign currency. Taxation of funds is assessed on an individual basis in accordance with current legislation and is subject to change.

Investors are advised to familiarise themselves with the available information on funds, including key information on risk factors, investment authorisations and the use of derivatives. Non-UCITs funds have broader investment authorisations than UCITs and can therefore entail more risk. Information on each fund is obtained from the funds’ management company.

Information on this site is intended for information purposes only and should not be considered as an offer or advice on the purchase, sale or other allocation of certain financial instruments. The source of this information is considered reliable, but the accuracy or validity of the information cannot be guaranteed. The bank reserves the right to make changes to this information at any given time.

Exchange rate developments and returns

A fund management fee is included in the daily calculation of each fund’s exchange rate. Return for 12-month periods or longer is calculated on an annual basis. Shorter periods are not calculated on an annual basis but show price change instead. Return is based on the latest price listed and portrayed in the base currency of each fund.