Frank Russell and DnB Investor, the mutual fund arm of Den Norske Bank, are to launch a multi style investment programme in Norway.
The programme, DnB Multi, starts in May and marks the entry of Frank Russell in Scandinavia.
DnB Multi will initially offer three globally diversified funds, each incorporating a specific risk/return. The programme’s funds will have 29 investment manager teams covering seven asset classes and fourteen investment styles.
DnB Multi 50 will have a mix of 50% global fixed income and 50% global equity; DnB Multi 75 a mix of 75% global equity and 25% global fixed income; and DnB Multi 100 will be a global equity fund.
As part of the programme, DnB Investor will assist clients in determining the most appropriate asset allocations based on individual investors’ objectives and risk tolerance.
By Janet Du Chenne
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