S&P Capital IQ Fund Research hikes Pareto Aksje fund grade

Norway domiciled Pareto Aksje Global fund has been awarded Gold status by S&P Capital IQ Fund Research.

The global equities product is managed in Oslo by Andreas Sørbye and Ole Nilsen, who use a value-driven philosophy similar to that of Graham & Dodd and Warren Buffett, S&P Capital IQ said.

The fund invests only in perceived high-quality companies, which the managers believe can generate sustainable above-average return on equity.

As of March 2012, Sørbye and Nilsen passed their four-year anniversary co-managing the fund. Over the period the fund returned 22% against 2% for its benchmark index, and -8% as the median peer return.

John Monaghan, fund analyst at S&P Capital IQ said: “We recognise that resources are sparse compared to other funds in our review, but the clear criteria for stock selection somewhat negates the requirement for a large team of analysts and allows the managers to focus their efforts on performing in-depth analysis on fewer stocks. The collegial approach, which is consistently applied, coupled with an impressive track record, sees the fund’s grading rise to an S&P Capital IQ Gold status.”

Carl Hana, international sales, Pareto Forvaltning AS says: “We are pleased to receive this positive report on the fund. Our portfolio managers are strongly committed to an investment process that has proven to work well both under good and poor market conditions. By giving top priority to understanding the businesses they invest in, risk is reduced and the probability of ‘striking gold’ increases. Paring down the portfolio to around only 25 investments, facilitates a closer follow-up and better knowledge of each investment. And of course the common sense gained from experience is the single most important factor in a successful investment process.”

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