June 2007 - Nordea Bank Lietuva

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Nordea 1 – Biotech FundPerformance in %TimeframeUSD* EUR Index**Current year1 month1 year3 years5 years20063.90-2.369.6130.27101.374.911.33-2.733.1817.2548.73-6.020.54-3.898.055.7157.381.02Since launch11.80 -20.46 -5.46*Base currency **Index in base currencyCommentJune was a negative month for stocks overall. Biotech stocks underperformed the market butperformed in-line with other health care stocks. As far as our portfolio is concerned, a great deal ofpositive events occurred in June. Qiagen bought US company Digene and will become a dominantplayer in the fast growing market for molecular diagnostics. Digene’s leading product is a genetictest for HPV, the virus that causes cervical cancer. This product segment is expected to show rapidgrowth in the coming year and Qiagen’s global marketing platform will increase this opportunity.Zymogenetics entered into a global collaboration with Bayer to co-promote rhThrombin. The productis expected to be approved later this year and will be Zymogenetics’ first marketed product. And,finally, Gilead received US approval for Letairis for the treatment of pulmonary arterial hypertension.Key figures - 3 years30/06/2004 - 29/06/2007Annualised return in %Fund9.22Index*1.87Annualised standard deviation14.1315.81Correlation0.96–Sharpe ratioJensen's Alpha0.180.53-0.31–Performance (in base currency, indexed at 100)Beta0.89–140Tracking errorInformation ratio4.381.68––130Risk free rate used in %6.69–120*Nasdaq BiotechnologyFund data110Management teamBase currencyLast NAVShare classFund categoryAUM (Million USD)Minimum investment (EUR)Front end fee in %Annual management fee in %Security Number (ISIN)Launch dateGlobal EquitiesUSD11.18BPAccumulating91.05505.001.500LU010990505817/04/2000100908030/06/2004 30/06/2005 30/06/2006 29/06/2007Biotech FundNasdaq BiotechnologyGeographical allocation in % Sector allocation in %United States of America 80.50Netherlands 3.99United Kingdom 3.24Denmark 3.21Germany 2.46Canada 1.52Belgium 1.20France 0.85Net Liquid Assets 3.03Top Holdings in %Genzyme Corp 9.65Gilead Sciences Inc Com 8.54Celgene Corp 8.07Amgen Inc - USD 6.84Zymogenetics Inc 4.08Radiation Therapy 3.65Genentech Inc 3.57Gen-Probe Inc 3.47Biomarin Pharmaceutical Inc 3.14Applera Corp- Applied Biosys 2.97Health Care 94.51Not Classified 2.46Net Liquid Assets 3.03Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00
Nordea 1 – IT FundPerformance in %TimeframeUSD* EUR Index**Current year1 month1 year3 years5 years20067.561.7818.2210.5529.026.214.901.3911.28-0.50-4.70-4.879.571.4424.8427.6267.419.31Since launch-60.61 -71.98 -56.25*Base currency **Index in base currencyCommentTechnology was more or less unchanged during June after a strong rebound since the beginning ofMarch. Positively contributing to the fund’s performance were two Asian brand names, namelySamsung Electronics and AU Optronics, both companies gaining approximately 10%. SamsungElectronics benefited from a strong rebound in memory-chip prices, which were up more than 20%on the month. The reason for this price spike stemmed from expectations that production capacity ofmemory-chips would be scaled back, thereby significantly limiting supply. AU Optronics benefitedfrom positive forecasts regarding panel prices going into the second half of 2007. Negativelycontributing to performance were Sony Corp and Logica CMG. Logica continued to suffer from itsearlier issued disappointing guidance due to slower business trends in the UK andhigher-than-expected costs. Sony has enjoyed a very strong run since the beginning of 2007 and wesee the recent price correction as profit-taking. We made no major changes to the fund during June.Key figures - 3 years30/06/2004 - 29/06/2007Annualised return in %Annualised standard deviationCorrelationSharpe ratioJensen's AlphaBetaTracking errorInformation ratioRisk free rate used in %*MSCI World IT - Net ReturnFund dataManagement teamBase currencyLast NAVShare classFund categoryAUM (Million USD)Minimum investment (EUR)Front end fee in %Annual management fee in %Security Number (ISIN)Launch dateFund Index*3.40 8.4715.50 13.330.94 –-0.21 0.13-0.40 –1.14 –5.44 –-0.93 –6.69 –Global EquitiesUSD39.39BPAccumulating4.61505.001.500LU010990475417/04/2000Performance (in base currency, indexed at 100)1301251201151101051009590858030/06/2004 30/06/2005 30/06/2006 29/06/2007IT FundMSCI World IT - Net ReturnGeographical allocation in % Sector allocation in %United States of America 56.24Finland 8.44United Kingdom 8.40Japan 6.41Taiwan 4.85Germany 4.64Sweden 4.33Korea, Republic of 3.33Netherlands 2.41Net Liquid Assets 0.94Top Holdings in %Microsoft Corp Com - USD 8.55Nokia (Finland Listing) 8.44Dell Computer Corp - USD 6.90Cisco Systems Inc Com - USD 5.32AU Optronics Corp ADS 4.85Citrix Systems Inc 4.74SAP Ag 4.64Arm Holdings 4.55Ericsson LM Tel B - SEK 4.33Kla Tencor Corp Com 4.21Information Technology 91.61Consumer Discretionary 4.11Not Classified 3.33Net Liquid Assets 0.94Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00Empty 20.00
Page 1 and 2: Nordea 1, SICAVMonthly ReportJune 2
Page 3 and 4: OverviewFund codesNordea 1, SICAV B
Page 5 and 6: Nordea 1 - European Value FundPerfo
Page 7 and 8: Nordea 1 - Global Value FundPerform
Page 9 and 10: Nordea 1 - North American Value Fun
Page 11 and 12: Nordea 1 - Danish Equity FundPerfor
Page 13 and 14: Nordea 1 - Finnish Equity FundPerfo
Page 15 and 16: Nordea 1 - Global Equity FundPerfor
Page 17 and 18: Nordea 1 - Nordic Equity FundPerfor
Page 19 and 20: Nordea 1 - North American Equity Fu
Page 21: Nordea 1 - Swedish Equity FundPerfo
Page 25 and 26: Nordea 1 - Absolute Return High Yie
Page 27 and 28: Nordea 1 - Danish Bond FundPerforma
Page 29 and 30: Nordea 1 - Danish Mortgage Bond Fun
Page 31 and 32: Nordea 1 - Euro Bond FundPerformanc
Page 33 and 34: Nordea 1 - Global Bond Fund (DKK)Pe
Page 35 and 36: Nordea 1 - Norwegian Bond FundPerfo
Page 37 and 38: Nordea 1 - Swedish Bond FundPerform
Page 39 and 40: Nordea 1 - EURO ReservePerformance
Page 41 and 42: Nordea 1 - Swedish Kroner ReservePe
Page 43 and 44: Administrative detailsOrdersOrders

June 2007 - Nordea Bank Lietuva

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