DNB Asset Management

We offer three DNB funds from DNB Asset Management which are registered in Luxembourg. The funds are settled in Euros.

What type of company is DNB?

  • The company is a solid and conservative asset management company with a long history
  • DNB Asset Management is a subsidiary of Norway's largest bank, DNB
  • DNB is the second largest bank in the Nordic region and the Norwegian state owns one third of the company
  • The company places great importance on corporate social responsibility and invests in particular in companies around the world that meet certain ethical criteria
  • The DNB funds are mutual funds that have notified marketing in Iceland in accordance with Article 44. Act No. 128/2011 on Undertakings for Collective Investments in Transferable Securities (UCITS), Investment Funds and Professional Investment Funds

We offer three funds from DNB Asset Management


We offer three funds from DNB Asset Management, registered in Luxembourg. The funds are settled in Euros.

DNB Fund Global SRI

DNB Fund Technology

DNB Fund Scandinavia

The funds objective is to maximum return on investment over the medium to long term without undue risk.

The funds objective is to maximum return on investment over the long term without undue risk.

The funds objective is to maximum return on investment over the medium to long term without undue risk.

Under normal market conditions, the fund will invest mainly in equities of companies anywhere in the world that meet certain ethical criteria.

Under normal market conditions, the fund will invest mainly in equities of technology, media and telecom companies anywhere in the world.

Under normal market conditions, the fund will invest mainly in equities of companies in Sweden, Denmark, Norway and Finland.

See further Information on DNB Fund Global SRI retail A (EUR)*

See further Information on DNB Fund Technology retail A (EUR)*

See further Information on DNB Fund Scandinavia retail A*

*When you click on the link for further information on fund for the first time you have to agree to DNB terms. When you have agreed you can go back to the www.vib.is and click on any of the three funds and the relevant fund page will open.

Further Information


The minimum individual investment is EUR 1,000 for individuals

  • Units are bought in the name of Íslandsbanki for the benefit of customers
  • Íslandsbanki sales fee (transaction cost) is 2% for investment in DNB funds
  • Annual management fee is according to prospectus of each fund and partners reimburse, in some cases, part of the management fee to Íslandsbanki
  • A commission is charged for transfers between funds
  • No redemption fee
  • The funds are listed in Luxembourg
  • Dividends are reinvested in the funds

Taxation

  • Holdings in DNB funds must be declared in Iceland
  • Capital gains tax is computed from redeemed capital gains

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 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.