- Advertisement -
- Advertisement -

DNB ECO is Looking for a New Name

- Advertisement -

Stockholm (HedgeNordic) – DNB ECO Absolute Return, a market-neutral fund focused on the renewable energy sectors, is set to change its name after Sweden’s Ethical Committee for Fund Marketing (ENF) stated the terms “absolute return” and “eco” are misleading. Two other funds – Nordnet Superfonden Sverige and Swedbank Robur Kapitaltygg (translated as capital protection) – must also change their names.

In a statement issued by EFN addressed specifically towards DNB ECO Absolute Return, EFN wrote that the term “absolute return” is difficult to understand for individuals not active in the fund industry, adding that the word can give clients a false impression that return is guaranteed. According to the statement, the term “absolute return” can lead investors to formulate wrong expectations and thereby the word should not be used as part of a fund’s name. Concerning the “eco” term, EFN wrote that the average investor might perceive this word as an abbreviation for “ecological.” The term, therefore, can give investors the impression that the fund only invests in organic products.

According to the same statement issued by EFN, DNB has yet to decide on a new name for DNB ECO Absolute Return, but “Absolute Return” will likely be replaced with “Market Neutral L/S.” EFN is an independent committee tasked with monitoring and ensuring that all investment fund marketing is conducted following good marketing practices and market rules.


Picture © shutterstock_Carlo-Taccari

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Rhenman’s Healthcare Fund Transitions to Article 8 Classification

Stockholm (HedgeNordic) – Since its inception in mid-2009, the Rhenman healthcare fund has focused on investing in healthcare companies, which contribute to at least...

The ART of Finding Right Tails

Stockholm (HedgeNordic) – Philosopher Nassim Nicholas Taleb coined the term ‘Black Swan’ to describe the tendency to underestimate the likelihood of extreme, hard-to-predict events,...

Cevian Acquires Stake in Swiss Insurer

Stockholm (HedgeNordic) – Swedish activist investor Cevian Capital has unveiled a 3.12 percent stake in Swiss insurer Baloise Holding AG. The stake is valued...

Nordic Hedge Funds Sustain Momentum

Stockholm (HedgeNordic) – Following its strongest first quarter in 15 years, the Nordic hedge fund industry sustained momentum into April. As reflected by the...

The Hands-On Approach of NCI Advisory in Debt Investing

Stockholm (HedgeNordic) – With over 45 years of expertise in structured finance and debt asset management, Jørgen Beuchert has dedicated the last 15 years...

Hedge Fund Journal: Calculo Best in Commodity Trend Following

Stockholm (HedgeNordic) – Calculo Evolution Fund, a pure commodity trend-follower based in Denmark, has been recognized as the “Best Performing Commodity Trend Follower” over...

Allocator Interviews

Latest Articles

In-Depth: High Yield


Request for Proposal

- Advertisement -