Tunnusluvut
Riskitaso
?
Keskimääräinen: 4 / 7
Tunnusluvut
- Juoksevat kulut1,94%
- OmaisuusluokkaOsake
- KategoriaSektori teollisuusmateriaalit osakkeet
- PerusvaluuttaSEK
- Lainoitusaste75%
- Avaintietoasiakirja
Tietoa rahastosta
The Sub-Fund’s investment objective is to achieve appropriate income and the highest possible longterm value increase by investing within: - Defense, aerospace and security sector (including homeland and cyber security); - Technology, commodity, infrastructure sectors necessary for society resilience, self-sufficiency, resource independence and for energy transition, digitalisation and electrification. The Sub-Fund will invest mainly in securities of companies without geographical restrictions with the exception of defense companies in Russia and China and in accordance with the principle of risk diversification. No guarantee can be given that the Sub-Fund’s objective will be reached.
Vastaavan tyyppisiä rahastoja
Omistukset
Päivitetty 31.1.2026
Jakauma
- Osakkeet98,6%
- Lyhyt korko1,4%
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·3 t sittenPortfolio Analysis: DNB Nuclear Energy A | Finserve Global Security Fund | AuAg Silver Bullet B Macro Background Global debt is high from a historical perspective and is approaching 350 trillion dollars. The US has government debt of over 100 percent of GDP, the highest level since World War II. According to the Congressional Budget Office, debt could increase to around 120 percent of GDP by 2036 if current trends continue. The Federal Reserve has since autumn 2024 reduced the key interest rate by 1.75 percentage points to the interval 3.50 to 3.75 percent. The interest rate meeting in January 2026 ended with an unchanged rate. The market is pricing in possible further cuts during the year. Warsh has signaled support for lower interest rates, in line with the administration's preferences, but the final monetary policy direction will depend on incoming data. Historically, periods of high debt and falling interest rates have often been favorable for real assets and sectors with structural growth. The portfolio is positioned in line with this. DNB Nuclear Energy A – 52.67 % This is the largest position in the portfolio. The investment case is based on increasing energy demand, the need for stable power production, and political support for nuclear power in several countries. According to the International Energy Agency, a significant increase in global electricity consumption is expected in the coming years, driven by data centers, electrification of industry and transport, among other things. Nuclear power appears to be one of the few available technologies that can deliver stable power on a large scale with low direct emissions. The fund follows the MSCI Nuclear and Uranium Custom Index and provides exposure to the entire value chain, including uranium mines, technology providers, and power producers. The investment horizon is considered long-term. Returns will depend on political decisions, pace of development, and developments in the uranium market. The underlying index composition provides broader exposure than individual stocks in the sector. Finserve Global Security Fund – 34.00 % This position provides exposure to the defense industry, space infrastructure, and cybersecurity. Returns in recent years have been strong, driven by increased defense budgets and increased geopolitical tension. Several European countries have adopted higher and more long-term defense appropriations. At the same time, some institutional investors have begun to adjust previously restrictive ESG frameworks related to the defense sector. This may over time affect capital inflow to the sector. The sector is characterized by long-term contracts and high barriers to entry, which somewhat mitigates the risk associated with political priorities, budget development, and potential changes in the security situation. AuAg Silver Bullet B – 13.05 % This is the smallest position in the portfolio and represents a more cyclical and volatile exposure. Perhaps I will increase my weighting in this one a bit. The fund primarily invests in silver mining companies and thus provides indirect exposure to the price of silver. Silver has both a monetary function and an important role as an input factor in, among other things, solar energy, electrification, and electronics. The market balance in recent years has been characterized by a deficit between supply and demand. Returns will largely depend on the development of commodity prices, real interest rates, and global industrial growth. This part of the portfolio involves higher fluctuations than the other two funds. Overall assessment The portfolio is thematically concentrated and exposed to three structural drivers: increased global energy demand and nuclear power development, persistently high defense and security investments, and potential tailwinds for precious metals with lower real interest rates. The distribution with 52.67 percent in nuclear energy, 34 percent in security, and 13.05 percent in silver implies significant sector concentration. At the same time, the exposure is directed towards various underlying drivers, which provides a certain diversification within a clear thematic framework. The portfolio is considered suitable for investors with a long time horizon and high risk tolerance. Sources https://www.cbo.gov/publication/62105 https://www.federalreserve.gov/monetarypolicy/fomcminutes20260128.htm https://www.bankrate.com/banking/federal-reserve/will-the-fed-cut-rates-in-2026/ https://dnbam.com/en/our-funds/funds/karnkraft https://globalmarkets.cib.bnpparibas/nuclear-energy-fund-opportunities-2026/ https://finserve.se/en/category/global-security-fund/ https://hedgenordic.com/2025/11/investors-rethink-defense-and-esg/ https://www.auagfunds.com/investment-solutions/auag-silver-bullet https://www.auagfunds.com/research-centre/monthly-letters/elements202602- ·1 päivä sittenUkraine's reconstruction at $588 billion – what does that mean for AuAg Silver Bullet, DNB Nuclear Energy and Finserve Global Security? A recent report from the World Bank, the European Commission, the UN and Ukraine's own government estimates that the reconstruction of Ukraine will cost nearly $588 billion – equivalent to over 5 500 billion Norwegian kroner – over the next ten years. That is almost three times Ukraine's total GDP for 2025. The three largest needs sectors are transport ($96 billion), energy ($91 billion) and housing ($90 billion), and all of these require massive amounts of silver, copper and other conductive metals for electrical installations, solar cells, transformers and railway infrastructure. For the silver market specifically, this comes as a new layer of demand on top of a market that is already in a structural deficit. Industrial demand today consumes more than half of the annual silver supply, and this demand is very inelastic – solar energy, electric vehicles, AI infrastructure and advanced electronics require silver regardless of price. The supply side is rigid because silver is largely produced as a byproduct of other mining and does not respond quickly to price increases. AuAg Silver Bullet is positioned directly against this structural deficit through a portfolio of 25–30 focused silver mining companies. AuAg points out in its Outlook 2026 that the market is approaching a point where a physical deficit could double the price within a very short time, and silver already passed three-digit price levels early in 2026 – faster than they themselves had expected. Ukraine's energy sector is particularly interesting from a nuclear power perspective, and this is where DNB Nuclear Energy comes in. The country has historically had a large share of nuclear power in its energy mix, and with a 21 percent increase in damaged energy installations in the last year alone, the reconstruction of this capacity is necessary and unavoidable. This potentially leads to increased demand for uranium enrichment, reactor technology and associated infrastructure in the years to come – precisely the segment DNB Nuclear Energy is exposed to. For Finserve Global Security, the picture is just as clear. Reconstruction of a country during or after war drives continuous demand for security infrastructure, cyber defense capabilities and advanced military technology. At the same time, the war in Ukraine has forced European countries to increase their defense budgets structurally and not just temporarily, which gives the sector a long-term tailwind that extends far beyond the reconstruction phase itself. For those positioned in AuAg Silver Bullet, DNB Nuclear Energy and Finserve Global Security as thematic megatrends, Ukraine's reconstruction is not an isolated event, but a further confirmation that the structural drivers behind all three funds point in the same direction over a long period. Most of this demand volume will be realized over a decade, but the direction is clear – and it strengthens the thesis that already formed the basis for these positions. Source: https://www.nrk.no/nyheter/fn_-gjenoppbyggingen-av-ukraina-kan-koste-over-5600-milliarder-1.17781735 Original report (UNDP/World Bank/EU): https://enlargement.ec.europa.eu/news/updated-ukraine-recovery-and-reconstruction-needs-assessment-released-2026-02-23_en
- ·1 päivä sittenDN published an article today with four reasons for a continued stock market rally. What's interesting for me is how this affects the funds I actually own. I am invested in DNB Nuclear Energy, Finserve Global Security, and AuAg Silver Bullet. These are not broad index funds. They are concentrated thematic positions. The historical investment wave is the main point. Bank of America estimates that investments in technology, defense, energy, and infrastructure could quadruple from 2025 to 2030. The data centers of Alphabet, Amazon, Meta, and Microsoft need stable power on an enormous scale. Nuclear power is one of the few solutions that can deliver this. DNB Nuclear Energy is right in the middle of this structural capital flow. European rearmament is a direct driver for Finserve Global Security. German rearmament and increasing defense budgets in Europe are not short-term phenomena. It is a regime change in security policy. The earnings basis in the sector strengthens if this development continues. AuAg Silver Bullet is more nuanced. In a strong risk-on market, demand for classic safe havens often falls. At the same time, silver has an asymmetric profile: the upside from industrial demand – solar energy, electrification, and technology – is structural, while the downside from weaker safe haven demand is more cyclical. I consider it moderately positive in this scenario. My assessment is that the portfolio is well-positioned if the investment cycle DN describes actually materializes. This is a concentrated bet on structural drivers, not broad market beta. Is anyone else here positioned towards similar themes, or do you see risk factors I underestimate? These are my own assessments and not investment advice. Source: https://www.dn.no/bors/fire-gode-grunner-til-fortsatt-aksjeopptur/2-1-1942285
- ·3 päivää sitten15 PERCENT GLOBAL TARIFF – 150 DAYS OF POLITICAL SHOCK On Friday, the US Supreme Court ruled that Trump's punitive tariffs were illegal. It was a rare and significant legal defeat for a sitting president. Within 24 hours, Trump had responded – not by complying with the decision, but by circumventing it. Based on a trade law over fifty years old, he introduced a 15 percent global tariff against all countries in the world, with immediate effect and a timeframe of 150 days. This is not business as usual. When a president uses old legislation to circumvent a Supreme Court decision, it's no longer just about trade policy. It's about institutional erosion, about the trust one can place in legal frameworks that normally provide predictability to markets. Markets price risk. What they price higher than anything else is uncertainty – and that is now significantly higher than it was a week ago. A flat tariff of 15 percent against all countries will impact global supply chains in ways not immediately visible in the headlines. European exporters, Asian manufacturers, and companies with dollar revenues will all have to address changed cost structures. Countermeasures from the EU and other trade partners are likely, and a tariff spiral could quickly escalate beyond what now appears to be a legal construct intended to survive for 150 days. A tariff is in practice a tax on imports, and it is paid by American importers, not by exporting countries. A recent Federal Reserve report estimates that American companies and consumers have borne over ninety percent of the tariff burden from Trump's previous rounds. If the same happens now, inflationary pressure will build up anew – on top of an already challenging interest rate situation. In addition, there is a legal backlog that could become very costly. The Supreme Court ruled that tariffs collected under the previous exemption law were illegal. This means that over 130 billion dollars may have been collected without legal basis. American importers are already preparing to demand repayment, and analysts warn that the process could take years. We are in a structural shift where free trade is no longer taken for granted, where economic nationalism is gaining ground at the expense of international institutions, and where geopolitical rivalry between great powers sets the premises for everything from technology to energy and raw materials. Such regime changes are not fully priced in over a single weekend. As an investor, one must ask what this does to the long-term drivers one is exposed to. My assessment is that this strengthens three themes. When trade policy becomes a weapon and global supply chains are broken up, the incentive for countries to build out their own energy capacity increases. Nuclear power is currently the only stable, carbon-free, and scalable baseload that can ensure national energy independence. Geopolitical fragmentation does not only mean higher defense budgets in the US. It means that Europe and Asia must also prioritize security in a different way than in the decades after the Cold War. This restructuring is structural and will take a long time to price in. For precious metals, the situation is perhaps most immediately interesting. Legal chaos around public finances, possible repayment of enormous tariff amounts, inflationary pressure, and currency unrest are precisely the conditions that have historically driven demand for gold and silver. Monday could be red. But it would be a mistake to see it as noise. The crucial question is not whether this creates short-term unrest – it does. The question is whether we are at the beginning of a more lasting protectionist world order, or if this is a political game with a short half-life. I believe the former is more likely. And if that is correct, 150 days is not the framework for this story. It is just the opening chapter. What do you think? Source: https://e24.no/internasjonal-oekonomi/i/3p4rOX/trump-oeker-tollsatsen-til-15-prosent
1 päivä sitten · Muokattu1 päivä sitten · MuokattuYhden asian tämä farssi on todistanut: USA ei ole demokratian huippu, vaan yksi surkeimmista "demokratioista", jonka väärä/oikea äänestystulos voi hetkessä ajaa venäläistymään. Käytännössä yksi äijä voi tehdä mitä vain. Aivan sama, mitä laki sanoo. Trump ei ole suurin ongelma, ongelma on Yhdysvallat itse. Muutaman vuoden välein maa voi olla "paras kaveri", tai oikea vihollinen. Kysymys kuuluu, onko typeryyttä rahoittaa omilla rahoillaan tuollaista kleptokratiaa?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tunnusluvut
Riskitaso
?
Keskimääräinen: 4 / 7
Tunnusluvut
- Juoksevat kulut1,94%
- OmaisuusluokkaOsake
- KategoriaSektori teollisuusmateriaalit osakkeet
- PerusvaluuttaSEK
- Lainoitusaste75%
- Avaintietoasiakirja
Tietoa rahastosta
The Sub-Fund’s investment objective is to achieve appropriate income and the highest possible longterm value increase by investing within: - Defense, aerospace and security sector (including homeland and cyber security); - Technology, commodity, infrastructure sectors necessary for society resilience, self-sufficiency, resource independence and for energy transition, digitalisation and electrification. The Sub-Fund will invest mainly in securities of companies without geographical restrictions with the exception of defense companies in Russia and China and in accordance with the principle of risk diversification. No guarantee can be given that the Sub-Fund’s objective will be reached.
Vastaavan tyyppisiä rahastoja
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Omistukset
Päivitetty 31.1.2026
Jakauma
- Osakkeet98,6%
- Lyhyt korko1,4%
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·3 t sittenPortfolio Analysis: DNB Nuclear Energy A | Finserve Global Security Fund | AuAg Silver Bullet B Macro Background Global debt is high from a historical perspective and is approaching 350 trillion dollars. The US has government debt of over 100 percent of GDP, the highest level since World War II. According to the Congressional Budget Office, debt could increase to around 120 percent of GDP by 2036 if current trends continue. The Federal Reserve has since autumn 2024 reduced the key interest rate by 1.75 percentage points to the interval 3.50 to 3.75 percent. The interest rate meeting in January 2026 ended with an unchanged rate. The market is pricing in possible further cuts during the year. Warsh has signaled support for lower interest rates, in line with the administration's preferences, but the final monetary policy direction will depend on incoming data. Historically, periods of high debt and falling interest rates have often been favorable for real assets and sectors with structural growth. The portfolio is positioned in line with this. DNB Nuclear Energy A – 52.67 % This is the largest position in the portfolio. The investment case is based on increasing energy demand, the need for stable power production, and political support for nuclear power in several countries. According to the International Energy Agency, a significant increase in global electricity consumption is expected in the coming years, driven by data centers, electrification of industry and transport, among other things. Nuclear power appears to be one of the few available technologies that can deliver stable power on a large scale with low direct emissions. The fund follows the MSCI Nuclear and Uranium Custom Index and provides exposure to the entire value chain, including uranium mines, technology providers, and power producers. The investment horizon is considered long-term. Returns will depend on political decisions, pace of development, and developments in the uranium market. The underlying index composition provides broader exposure than individual stocks in the sector. Finserve Global Security Fund – 34.00 % This position provides exposure to the defense industry, space infrastructure, and cybersecurity. Returns in recent years have been strong, driven by increased defense budgets and increased geopolitical tension. Several European countries have adopted higher and more long-term defense appropriations. At the same time, some institutional investors have begun to adjust previously restrictive ESG frameworks related to the defense sector. This may over time affect capital inflow to the sector. The sector is characterized by long-term contracts and high barriers to entry, which somewhat mitigates the risk associated with political priorities, budget development, and potential changes in the security situation. AuAg Silver Bullet B – 13.05 % This is the smallest position in the portfolio and represents a more cyclical and volatile exposure. Perhaps I will increase my weighting in this one a bit. The fund primarily invests in silver mining companies and thus provides indirect exposure to the price of silver. Silver has both a monetary function and an important role as an input factor in, among other things, solar energy, electrification, and electronics. The market balance in recent years has been characterized by a deficit between supply and demand. Returns will largely depend on the development of commodity prices, real interest rates, and global industrial growth. This part of the portfolio involves higher fluctuations than the other two funds. Overall assessment The portfolio is thematically concentrated and exposed to three structural drivers: increased global energy demand and nuclear power development, persistently high defense and security investments, and potential tailwinds for precious metals with lower real interest rates. The distribution with 52.67 percent in nuclear energy, 34 percent in security, and 13.05 percent in silver implies significant sector concentration. At the same time, the exposure is directed towards various underlying drivers, which provides a certain diversification within a clear thematic framework. The portfolio is considered suitable for investors with a long time horizon and high risk tolerance. Sources https://www.cbo.gov/publication/62105 https://www.federalreserve.gov/monetarypolicy/fomcminutes20260128.htm https://www.bankrate.com/banking/federal-reserve/will-the-fed-cut-rates-in-2026/ https://dnbam.com/en/our-funds/funds/karnkraft https://globalmarkets.cib.bnpparibas/nuclear-energy-fund-opportunities-2026/ https://finserve.se/en/category/global-security-fund/ https://hedgenordic.com/2025/11/investors-rethink-defense-and-esg/ https://www.auagfunds.com/investment-solutions/auag-silver-bullet https://www.auagfunds.com/research-centre/monthly-letters/elements202602
- ·1 päivä sittenUkraine's reconstruction at $588 billion – what does that mean for AuAg Silver Bullet, DNB Nuclear Energy and Finserve Global Security? A recent report from the World Bank, the European Commission, the UN and Ukraine's own government estimates that the reconstruction of Ukraine will cost nearly $588 billion – equivalent to over 5 500 billion Norwegian kroner – over the next ten years. That is almost three times Ukraine's total GDP for 2025. The three largest needs sectors are transport ($96 billion), energy ($91 billion) and housing ($90 billion), and all of these require massive amounts of silver, copper and other conductive metals for electrical installations, solar cells, transformers and railway infrastructure. For the silver market specifically, this comes as a new layer of demand on top of a market that is already in a structural deficit. Industrial demand today consumes more than half of the annual silver supply, and this demand is very inelastic – solar energy, electric vehicles, AI infrastructure and advanced electronics require silver regardless of price. The supply side is rigid because silver is largely produced as a byproduct of other mining and does not respond quickly to price increases. AuAg Silver Bullet is positioned directly against this structural deficit through a portfolio of 25–30 focused silver mining companies. AuAg points out in its Outlook 2026 that the market is approaching a point where a physical deficit could double the price within a very short time, and silver already passed three-digit price levels early in 2026 – faster than they themselves had expected. Ukraine's energy sector is particularly interesting from a nuclear power perspective, and this is where DNB Nuclear Energy comes in. The country has historically had a large share of nuclear power in its energy mix, and with a 21 percent increase in damaged energy installations in the last year alone, the reconstruction of this capacity is necessary and unavoidable. This potentially leads to increased demand for uranium enrichment, reactor technology and associated infrastructure in the years to come – precisely the segment DNB Nuclear Energy is exposed to. For Finserve Global Security, the picture is just as clear. Reconstruction of a country during or after war drives continuous demand for security infrastructure, cyber defense capabilities and advanced military technology. At the same time, the war in Ukraine has forced European countries to increase their defense budgets structurally and not just temporarily, which gives the sector a long-term tailwind that extends far beyond the reconstruction phase itself. For those positioned in AuAg Silver Bullet, DNB Nuclear Energy and Finserve Global Security as thematic megatrends, Ukraine's reconstruction is not an isolated event, but a further confirmation that the structural drivers behind all three funds point in the same direction over a long period. Most of this demand volume will be realized over a decade, but the direction is clear – and it strengthens the thesis that already formed the basis for these positions. Source: https://www.nrk.no/nyheter/fn_-gjenoppbyggingen-av-ukraina-kan-koste-over-5600-milliarder-1.17781735 Original report (UNDP/World Bank/EU): https://enlargement.ec.europa.eu/news/updated-ukraine-recovery-and-reconstruction-needs-assessment-released-2026-02-23_en
- ·1 päivä sittenDN published an article today with four reasons for a continued stock market rally. What's interesting for me is how this affects the funds I actually own. I am invested in DNB Nuclear Energy, Finserve Global Security, and AuAg Silver Bullet. These are not broad index funds. They are concentrated thematic positions. The historical investment wave is the main point. Bank of America estimates that investments in technology, defense, energy, and infrastructure could quadruple from 2025 to 2030. The data centers of Alphabet, Amazon, Meta, and Microsoft need stable power on an enormous scale. Nuclear power is one of the few solutions that can deliver this. DNB Nuclear Energy is right in the middle of this structural capital flow. European rearmament is a direct driver for Finserve Global Security. German rearmament and increasing defense budgets in Europe are not short-term phenomena. It is a regime change in security policy. The earnings basis in the sector strengthens if this development continues. AuAg Silver Bullet is more nuanced. In a strong risk-on market, demand for classic safe havens often falls. At the same time, silver has an asymmetric profile: the upside from industrial demand – solar energy, electrification, and technology – is structural, while the downside from weaker safe haven demand is more cyclical. I consider it moderately positive in this scenario. My assessment is that the portfolio is well-positioned if the investment cycle DN describes actually materializes. This is a concentrated bet on structural drivers, not broad market beta. Is anyone else here positioned towards similar themes, or do you see risk factors I underestimate? These are my own assessments and not investment advice. Source: https://www.dn.no/bors/fire-gode-grunner-til-fortsatt-aksjeopptur/2-1-1942285
- ·3 päivää sitten15 PERCENT GLOBAL TARIFF – 150 DAYS OF POLITICAL SHOCK On Friday, the US Supreme Court ruled that Trump's punitive tariffs were illegal. It was a rare and significant legal defeat for a sitting president. Within 24 hours, Trump had responded – not by complying with the decision, but by circumventing it. Based on a trade law over fifty years old, he introduced a 15 percent global tariff against all countries in the world, with immediate effect and a timeframe of 150 days. This is not business as usual. When a president uses old legislation to circumvent a Supreme Court decision, it's no longer just about trade policy. It's about institutional erosion, about the trust one can place in legal frameworks that normally provide predictability to markets. Markets price risk. What they price higher than anything else is uncertainty – and that is now significantly higher than it was a week ago. A flat tariff of 15 percent against all countries will impact global supply chains in ways not immediately visible in the headlines. European exporters, Asian manufacturers, and companies with dollar revenues will all have to address changed cost structures. Countermeasures from the EU and other trade partners are likely, and a tariff spiral could quickly escalate beyond what now appears to be a legal construct intended to survive for 150 days. A tariff is in practice a tax on imports, and it is paid by American importers, not by exporting countries. A recent Federal Reserve report estimates that American companies and consumers have borne over ninety percent of the tariff burden from Trump's previous rounds. If the same happens now, inflationary pressure will build up anew – on top of an already challenging interest rate situation. In addition, there is a legal backlog that could become very costly. The Supreme Court ruled that tariffs collected under the previous exemption law were illegal. This means that over 130 billion dollars may have been collected without legal basis. American importers are already preparing to demand repayment, and analysts warn that the process could take years. We are in a structural shift where free trade is no longer taken for granted, where economic nationalism is gaining ground at the expense of international institutions, and where geopolitical rivalry between great powers sets the premises for everything from technology to energy and raw materials. Such regime changes are not fully priced in over a single weekend. As an investor, one must ask what this does to the long-term drivers one is exposed to. My assessment is that this strengthens three themes. When trade policy becomes a weapon and global supply chains are broken up, the incentive for countries to build out their own energy capacity increases. Nuclear power is currently the only stable, carbon-free, and scalable baseload that can ensure national energy independence. Geopolitical fragmentation does not only mean higher defense budgets in the US. It means that Europe and Asia must also prioritize security in a different way than in the decades after the Cold War. This restructuring is structural and will take a long time to price in. For precious metals, the situation is perhaps most immediately interesting. Legal chaos around public finances, possible repayment of enormous tariff amounts, inflationary pressure, and currency unrest are precisely the conditions that have historically driven demand for gold and silver. Monday could be red. But it would be a mistake to see it as noise. The crucial question is not whether this creates short-term unrest – it does. The question is whether we are at the beginning of a more lasting protectionist world order, or if this is a political game with a short half-life. I believe the former is more likely. And if that is correct, 150 days is not the framework for this story. It is just the opening chapter. What do you think? Source: https://e24.no/internasjonal-oekonomi/i/3p4rOX/trump-oeker-tollsatsen-til-15-prosent1 päivä sitten · Muokattu1 päivä sitten · MuokattuYhden asian tämä farssi on todistanut: USA ei ole demokratian huippu, vaan yksi surkeimmista "demokratioista", jonka väärä/oikea äänestystulos voi hetkessä ajaa venäläistymään. Käytännössä yksi äijä voi tehdä mitä vain. Aivan sama, mitä laki sanoo. Trump ei ole suurin ongelma, ongelma on Yhdysvallat itse. Muutaman vuoden välein maa voi olla "paras kaveri", tai oikea vihollinen. Kysymys kuuluu, onko typeryyttä rahoittaa omilla rahoillaan tuollaista kleptokratiaa?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tunnusluvut
Riskitaso
?
Keskimääräinen: 4 / 7
Tunnusluvut
- Juoksevat kulut1,94%
- OmaisuusluokkaOsake
- KategoriaSektori teollisuusmateriaalit osakkeet
- PerusvaluuttaSEK
- Lainoitusaste75%
- Avaintietoasiakirja
Tietoa rahastosta
The Sub-Fund’s investment objective is to achieve appropriate income and the highest possible longterm value increase by investing within: - Defense, aerospace and security sector (including homeland and cyber security); - Technology, commodity, infrastructure sectors necessary for society resilience, self-sufficiency, resource independence and for energy transition, digitalisation and electrification. The Sub-Fund will invest mainly in securities of companies without geographical restrictions with the exception of defense companies in Russia and China and in accordance with the principle of risk diversification. No guarantee can be given that the Sub-Fund’s objective will be reached.
Vastaavan tyyppisiä rahastoja
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
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- ·3 t sittenPortfolio Analysis: DNB Nuclear Energy A | Finserve Global Security Fund | AuAg Silver Bullet B Macro Background Global debt is high from a historical perspective and is approaching 350 trillion dollars. The US has government debt of over 100 percent of GDP, the highest level since World War II. According to the Congressional Budget Office, debt could increase to around 120 percent of GDP by 2036 if current trends continue. The Federal Reserve has since autumn 2024 reduced the key interest rate by 1.75 percentage points to the interval 3.50 to 3.75 percent. The interest rate meeting in January 2026 ended with an unchanged rate. The market is pricing in possible further cuts during the year. Warsh has signaled support for lower interest rates, in line with the administration's preferences, but the final monetary policy direction will depend on incoming data. Historically, periods of high debt and falling interest rates have often been favorable for real assets and sectors with structural growth. The portfolio is positioned in line with this. DNB Nuclear Energy A – 52.67 % This is the largest position in the portfolio. The investment case is based on increasing energy demand, the need for stable power production, and political support for nuclear power in several countries. According to the International Energy Agency, a significant increase in global electricity consumption is expected in the coming years, driven by data centers, electrification of industry and transport, among other things. Nuclear power appears to be one of the few available technologies that can deliver stable power on a large scale with low direct emissions. The fund follows the MSCI Nuclear and Uranium Custom Index and provides exposure to the entire value chain, including uranium mines, technology providers, and power producers. The investment horizon is considered long-term. Returns will depend on political decisions, pace of development, and developments in the uranium market. The underlying index composition provides broader exposure than individual stocks in the sector. Finserve Global Security Fund – 34.00 % This position provides exposure to the defense industry, space infrastructure, and cybersecurity. Returns in recent years have been strong, driven by increased defense budgets and increased geopolitical tension. Several European countries have adopted higher and more long-term defense appropriations. At the same time, some institutional investors have begun to adjust previously restrictive ESG frameworks related to the defense sector. This may over time affect capital inflow to the sector. The sector is characterized by long-term contracts and high barriers to entry, which somewhat mitigates the risk associated with political priorities, budget development, and potential changes in the security situation. AuAg Silver Bullet B – 13.05 % This is the smallest position in the portfolio and represents a more cyclical and volatile exposure. Perhaps I will increase my weighting in this one a bit. The fund primarily invests in silver mining companies and thus provides indirect exposure to the price of silver. Silver has both a monetary function and an important role as an input factor in, among other things, solar energy, electrification, and electronics. The market balance in recent years has been characterized by a deficit between supply and demand. Returns will largely depend on the development of commodity prices, real interest rates, and global industrial growth. This part of the portfolio involves higher fluctuations than the other two funds. Overall assessment The portfolio is thematically concentrated and exposed to three structural drivers: increased global energy demand and nuclear power development, persistently high defense and security investments, and potential tailwinds for precious metals with lower real interest rates. The distribution with 52.67 percent in nuclear energy, 34 percent in security, and 13.05 percent in silver implies significant sector concentration. At the same time, the exposure is directed towards various underlying drivers, which provides a certain diversification within a clear thematic framework. The portfolio is considered suitable for investors with a long time horizon and high risk tolerance. Sources https://www.cbo.gov/publication/62105 https://www.federalreserve.gov/monetarypolicy/fomcminutes20260128.htm https://www.bankrate.com/banking/federal-reserve/will-the-fed-cut-rates-in-2026/ https://dnbam.com/en/our-funds/funds/karnkraft https://globalmarkets.cib.bnpparibas/nuclear-energy-fund-opportunities-2026/ https://finserve.se/en/category/global-security-fund/ https://hedgenordic.com/2025/11/investors-rethink-defense-and-esg/ https://www.auagfunds.com/investment-solutions/auag-silver-bullet https://www.auagfunds.com/research-centre/monthly-letters/elements202602
- ·1 päivä sittenUkraine's reconstruction at $588 billion – what does that mean for AuAg Silver Bullet, DNB Nuclear Energy and Finserve Global Security? A recent report from the World Bank, the European Commission, the UN and Ukraine's own government estimates that the reconstruction of Ukraine will cost nearly $588 billion – equivalent to over 5 500 billion Norwegian kroner – over the next ten years. That is almost three times Ukraine's total GDP for 2025. The three largest needs sectors are transport ($96 billion), energy ($91 billion) and housing ($90 billion), and all of these require massive amounts of silver, copper and other conductive metals for electrical installations, solar cells, transformers and railway infrastructure. For the silver market specifically, this comes as a new layer of demand on top of a market that is already in a structural deficit. Industrial demand today consumes more than half of the annual silver supply, and this demand is very inelastic – solar energy, electric vehicles, AI infrastructure and advanced electronics require silver regardless of price. The supply side is rigid because silver is largely produced as a byproduct of other mining and does not respond quickly to price increases. AuAg Silver Bullet is positioned directly against this structural deficit through a portfolio of 25–30 focused silver mining companies. AuAg points out in its Outlook 2026 that the market is approaching a point where a physical deficit could double the price within a very short time, and silver already passed three-digit price levels early in 2026 – faster than they themselves had expected. Ukraine's energy sector is particularly interesting from a nuclear power perspective, and this is where DNB Nuclear Energy comes in. The country has historically had a large share of nuclear power in its energy mix, and with a 21 percent increase in damaged energy installations in the last year alone, the reconstruction of this capacity is necessary and unavoidable. This potentially leads to increased demand for uranium enrichment, reactor technology and associated infrastructure in the years to come – precisely the segment DNB Nuclear Energy is exposed to. For Finserve Global Security, the picture is just as clear. Reconstruction of a country during or after war drives continuous demand for security infrastructure, cyber defense capabilities and advanced military technology. At the same time, the war in Ukraine has forced European countries to increase their defense budgets structurally and not just temporarily, which gives the sector a long-term tailwind that extends far beyond the reconstruction phase itself. For those positioned in AuAg Silver Bullet, DNB Nuclear Energy and Finserve Global Security as thematic megatrends, Ukraine's reconstruction is not an isolated event, but a further confirmation that the structural drivers behind all three funds point in the same direction over a long period. Most of this demand volume will be realized over a decade, but the direction is clear – and it strengthens the thesis that already formed the basis for these positions. Source: https://www.nrk.no/nyheter/fn_-gjenoppbyggingen-av-ukraina-kan-koste-over-5600-milliarder-1.17781735 Original report (UNDP/World Bank/EU): https://enlargement.ec.europa.eu/news/updated-ukraine-recovery-and-reconstruction-needs-assessment-released-2026-02-23_en
- ·1 päivä sittenDN published an article today with four reasons for a continued stock market rally. What's interesting for me is how this affects the funds I actually own. I am invested in DNB Nuclear Energy, Finserve Global Security, and AuAg Silver Bullet. These are not broad index funds. They are concentrated thematic positions. The historical investment wave is the main point. Bank of America estimates that investments in technology, defense, energy, and infrastructure could quadruple from 2025 to 2030. The data centers of Alphabet, Amazon, Meta, and Microsoft need stable power on an enormous scale. Nuclear power is one of the few solutions that can deliver this. DNB Nuclear Energy is right in the middle of this structural capital flow. European rearmament is a direct driver for Finserve Global Security. German rearmament and increasing defense budgets in Europe are not short-term phenomena. It is a regime change in security policy. The earnings basis in the sector strengthens if this development continues. AuAg Silver Bullet is more nuanced. In a strong risk-on market, demand for classic safe havens often falls. At the same time, silver has an asymmetric profile: the upside from industrial demand – solar energy, electrification, and technology – is structural, while the downside from weaker safe haven demand is more cyclical. I consider it moderately positive in this scenario. My assessment is that the portfolio is well-positioned if the investment cycle DN describes actually materializes. This is a concentrated bet on structural drivers, not broad market beta. Is anyone else here positioned towards similar themes, or do you see risk factors I underestimate? These are my own assessments and not investment advice. Source: https://www.dn.no/bors/fire-gode-grunner-til-fortsatt-aksjeopptur/2-1-1942285
- ·3 päivää sitten15 PERCENT GLOBAL TARIFF – 150 DAYS OF POLITICAL SHOCK On Friday, the US Supreme Court ruled that Trump's punitive tariffs were illegal. It was a rare and significant legal defeat for a sitting president. Within 24 hours, Trump had responded – not by complying with the decision, but by circumventing it. Based on a trade law over fifty years old, he introduced a 15 percent global tariff against all countries in the world, with immediate effect and a timeframe of 150 days. This is not business as usual. When a president uses old legislation to circumvent a Supreme Court decision, it's no longer just about trade policy. It's about institutional erosion, about the trust one can place in legal frameworks that normally provide predictability to markets. Markets price risk. What they price higher than anything else is uncertainty – and that is now significantly higher than it was a week ago. A flat tariff of 15 percent against all countries will impact global supply chains in ways not immediately visible in the headlines. European exporters, Asian manufacturers, and companies with dollar revenues will all have to address changed cost structures. Countermeasures from the EU and other trade partners are likely, and a tariff spiral could quickly escalate beyond what now appears to be a legal construct intended to survive for 150 days. A tariff is in practice a tax on imports, and it is paid by American importers, not by exporting countries. A recent Federal Reserve report estimates that American companies and consumers have borne over ninety percent of the tariff burden from Trump's previous rounds. If the same happens now, inflationary pressure will build up anew – on top of an already challenging interest rate situation. In addition, there is a legal backlog that could become very costly. The Supreme Court ruled that tariffs collected under the previous exemption law were illegal. This means that over 130 billion dollars may have been collected without legal basis. American importers are already preparing to demand repayment, and analysts warn that the process could take years. We are in a structural shift where free trade is no longer taken for granted, where economic nationalism is gaining ground at the expense of international institutions, and where geopolitical rivalry between great powers sets the premises for everything from technology to energy and raw materials. Such regime changes are not fully priced in over a single weekend. As an investor, one must ask what this does to the long-term drivers one is exposed to. My assessment is that this strengthens three themes. When trade policy becomes a weapon and global supply chains are broken up, the incentive for countries to build out their own energy capacity increases. Nuclear power is currently the only stable, carbon-free, and scalable baseload that can ensure national energy independence. Geopolitical fragmentation does not only mean higher defense budgets in the US. It means that Europe and Asia must also prioritize security in a different way than in the decades after the Cold War. This restructuring is structural and will take a long time to price in. For precious metals, the situation is perhaps most immediately interesting. Legal chaos around public finances, possible repayment of enormous tariff amounts, inflationary pressure, and currency unrest are precisely the conditions that have historically driven demand for gold and silver. Monday could be red. But it would be a mistake to see it as noise. The crucial question is not whether this creates short-term unrest – it does. The question is whether we are at the beginning of a more lasting protectionist world order, or if this is a political game with a short half-life. I believe the former is more likely. And if that is correct, 150 days is not the framework for this story. It is just the opening chapter. What do you think? Source: https://e24.no/internasjonal-oekonomi/i/3p4rOX/trump-oeker-tollsatsen-til-15-prosent1 päivä sitten · Muokattu1 päivä sitten · MuokattuYhden asian tämä farssi on todistanut: USA ei ole demokratian huippu, vaan yksi surkeimmista "demokratioista", jonka väärä/oikea äänestystulos voi hetkessä ajaa venäläistymään. Käytännössä yksi äijä voi tehdä mitä vain. Aivan sama, mitä laki sanoo. Trump ei ole suurin ongelma, ongelma on Yhdysvallat itse. Muutaman vuoden välein maa voi olla "paras kaveri", tai oikea vihollinen. Kysymys kuuluu, onko typeryyttä rahoittaa omilla rahoillaan tuollaista kleptokratiaa?
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Päivitetty 31.1.2026
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