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SKAGEN to introduce end of day pricing

From 9 April 2021, we will start publishing the prices for SKAGEN's funds after the markets close.

Date: 24/03/21

From 9 April, SKAGEN will introduce end of day pricing. Photo: Shutterstock

On 9 April, SKAGEN will switch to so-called end of day pricing. This means that the net asset value (NAV) of SKAGEN's funds will be based on the closing prices of the securities held in the funds.

In practice, this means that the funds' NAVs will be published by 9.00 CET the following morning instead of by 19:00 CET the same day.

No change to cut-off time

There will be no change to the deadline for trading funds – you must still send us a purchase order or trade electronically by 15.00 CET to get the day's price. The price will be determined the following morning. When selling funds, the money will still be sent to your account on the same day as previously, but a few hours later. We will continue to publish intrinsic value three times a day, at the same times as before.

If you have any questions about end of day pricing, you are welcome to contact us by telephone on +47 51 80 37 09 or by sending an email to contact@skagenfunds.com

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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