Joakim GjersøeHead of Invest
Ferd Invest invests in established, listed Nordic companies with strong market positions and good future prospects.
Ferd Invest is an active investor in strong, listed Nordic companies.
We hold a portfolio of investments in up to 25 companies, the majority of which have a market capitalisation of over NOK 15 billion.
Ferd Invest is a financial investor that exercises its ownership through dialogue with companies’ boards and executive management teams.
The portfolio is liquid and flexible, and represents a key tool in Ferd’s ongoing risk management activities.
The portfolio primarily consists of large and medium-sized Nordic companies.
The investment team thoroughly analyses companies and sectors and primarily focuses on identifying companies with strong market positions that generate a good return on invested capital.
The five largest investments in the portfolio at 30 June 2020 were Novo Nordisk, Essity, Sampo, AstraZeneca and Lerøy Seafood.
Company valuations reflect the growth in their earnings over time.
As a long-term investor, Ferd Invest can focus on long-term earnings growth. We think that companies that have attractive growth opportunities, achieve a high return on capital and generate strong cash flows are those that are best placed to deliver strong earnings over time. As illustrated in the graphic to the right, multiple internal and external factors determine whether a company possesses these characteristics.
As a responsible and long-term investor, Ferd Invest has a focus on ESG, and the sustainability of business models is an important element in our analysis of companies.
We strive to be a predictable and good owner and to engage in meaningful dialogue with the boards and executive management teams of the companies in which we have invested.
In 2020 Ferd became a member of NORSIF (the Norwegian Forum for Responsible and Sustainable Investment).