SKAGEN m2 is an actively managed fund with a global investment mandate. The fund's strategy is to find high quality and low-priced investments characterised by being under valued, under-researched and unpopular. The fund’s objective is to find financial instruments which take advantage of the underlying returns on property and the risk associated with real estate investments in relevant markets. Active management entails that the portfolio managers invest in companies on the basis of their own analyses. With common sense and long-term planning, the portfolio managers try to avoid investing in popular companies at a price that is too high relative to those companies' fundamental value and earnings. The profits in the companies develop over a period of time, as does the fund's return. SKAGEN m2 does not invest in derivatives at present.