IS Private Global Fund (USD)

The Fund is suitable for investors who want to invest in international markets, for five years or longer. The Fund invests in both international shares and bonds.

Buy into a fund

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Nominal return

Time Investments

Fluctuation in returns

af 7

Scale of risk and fluctuations in returns

Type

Investment fund

Inception
2016
Currency
USD
Holdings
  • 7.9% Deposits
  • 90.4% Foreign Equities
  • 1.7% Commodities

Last changed: 01.10.2019

Fund objectives

The objective of the Fund is to protect the assets of owners and to increase their value by investing actively in other mutual funds that invest in foreign equities, bonds and bank deposits. The Fund may also invest in single securities as well as bank deposits in accordance with the investment policy.

Who should invest?

The Fund is suitable for investors who want to invest for three years or longer. The fund mainly invests in government bonds and government bond funds. Investors who sign an asset management agreement with Íslandsbanki will be offered special terms.

Fact sheet

Price history


Fees & Transaction orders


Minimum deposit
USD 100
Minimum subscription
USD 50
Purchase fee
1%
Online banking discount
10%
Subscription discount
50%
Annual management fee
1,25%
Service charge
USD 4
Settlement
3 business days (T+3)
Cut off time
15:00 GMT

Further information about the fund


Custodian
Íslandssjóðir
Management company
Iceland Funds Ltd
Fund manager
Sigurður G. Gíslason
Fact sheet
PDF
Summary of fund returns
PDF
Tariff of charges for investment services
PDF

Disclaimers


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 the funds is obtained from Íslandssjódir hf., which is the funds’ management company and a subsidiary of Íslandsbanki hf.

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.