Investment in real estate shares and real estate funds

There are several real estate shares on the Oslo Stock Exchange, some of which are (as of September 2023):

• Entra (commercial real estate)
• Olav Thon Eiendomsselskap (commercial/hotels)
• KMC Properties (commercial real estate)
• Selvaag Bolig (residential developer)

All of these can be purchased through our share trading service.

Swedish real estate companies that also invest in Norway, listed on the Stockholm Stock Exchange:

• JM AB
• Bonava

You can also buy these in our share trading service in online banking.

Baltic Sea Property on Euronext Growth* is a small company that invests in real estate in the Baltic region.

Euronext Growth is a trading venue where shares that have not been admitted to the main list of the Oslo Stock Exchange are traded.

NOTE: You can buy shares on Euronext Growth in share trading in online banking, but unfortunately not with an ASK account. Share purchases outside the EEA must be made with an ordinary current account share in our share trading service. Read more about different trading accounts here.

Henderson Horizon Global Property is a mutual fund that invests in listed shares and equity-related securities in companies and real estate investment companies that derive the majority of their income from ownership, management or development of real estate in all countries.

The fund may also invest in money market instruments and bank deposits. When selecting investments, the manager looks for shares that are likely to rise in price over the long term, based on the assumption that tangible real estate values drive the long-term performance of real estate company shares. The fund may use derivatives to reduce risk or manage the fund more efficiently.

Minimum purchase NOK 300.

To read details about the fund's investment profile and pricing, log in to online banking and go to "buy fund" and search for the name. You will find funds under savings and investments (NOTE: You must have an ASK).

Morgan Stanley European Property is a mutual fund that primarily invests in company shares, including real estate investment trusts and real estate-related collective investment schemes.

The investment policy is to invest in companies in the real estate sector with head offices in Europe. This includes funds such as real estate funds and listed real estate funds. When funds and real estate funds are used, the investor may also indirectly bear the ongoing management costs for these investments. The fund will measure performance against the GPR General Quoted Europe Net Index ("the benchmark"). The fund is actively managed.

Minimum purchase NOK 300.

To read details about the fund's investment profile and pricing, log in to online banking and go to "buy fund" and search for the name. You will find funds under savings and investments (NOTE: You must have an ASK).

Odin Eiendom A, Odin Eiendom B and Odin Eiendom C are three mutual funds that invest in companies that are listed or have their head office or origin in one of the Nordic countries. The companies the fund invests in are primarily engaged in or with real estate. The benchmark index is VINX Real Estate Index.

The difference between A, B and C lies in the pricing and minimum deposit. The minimum deposit for each is:

A: Minimum purchase NOK 10 million.

B: Minimum purchase NOK 1,000,000.

C: Minimum purchase NOK 300.

To read details about the funds' investment profile and pricing, log in to online banking and go to "buy funds" and search for the name. You will find funds under savings and investments (NOTE: You must have a share savings account)

Skagen M2 A is a mutual fund that invests with a global investment mandate.

The managers seek high-quality investments at a low price, characterised by being undervalued, underanalysed and unpopular. The fund's objective is to find financial instruments that benefit from the underlying rate of return in real estate and risk associated with real estate investments in relevant markets. Active management means that the portfolio managers invest in companies based on their own analyses. With common sense and a long-term perspective, the portfolio managers seek to avoid buying popular shares at too high a price compared to the company's fundamental value and earnings. Results in the companies are created over time, and so is the fund's rate of return. SKAGEN m2 does not currently invest in derivatives.

Minimum purchase is NOK 300.

To read details about the fund's investment profile and pricing, log in to online banking and go to "buy funds" and search for the name. You will find funds under savings and investments (NOTE: You must have a share savings account)

First Nordic Real Estate is a mutual fund that invests to achieve the highest possible relative rate of return against the benchmark index, VINX Real Estate, measured in NOK. The fund invests in listed Nordic real estate companies, and in a limited number of the shares in which the management company has the most confidence. The manager will base investment decisions in individual securities on a fundamental process that focuses on analysis of the companies' valuation, return on capital and growth potential. The fundamental analytical process is based on an in-depth interpretation of relevant accounting key figures combined with continuous analysis of individual securities' pricing, relative to comparable companies and to markets in general.

Minimum purchase NOK 1,000.

To read details about the fund's investment profile and pricing, log in to online banking and go to "buy fund" and search for the name. You will find funds under savings and investments (NOTE: You must have an ASK).