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SFDR classification

SKAGEN m2 is an actively managed equity fund that seeks to generate long-term capital growth by investing in listed real estate companies from across the globe.

Read more about the funds's investment strategy and portfolio characteristics

Subscriptions are made in fund units and not directly in stocks or other securities.  The benchmark reflects the fund's investment mandate. Since the fund is actively managed, the portfolio will deviate from the composition of the benchmark. 

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The fund’s benchmark index is the MSCI ACWI Real Estate IMI Net total return index USD. In the period from 11 July 2017 to 30 September 2019, the benchmark was the MSCI ACWI Real Estate IMI ex REITS. Returns over 12 months are annualised.

Michael Gobitschek

Portfolio Manager

Anne Line Kristensen Larsen

Portfolio Manager
Geographic distribution of investments

89.93 %

Real Estate

8.12 %

Communication Services

1.67 %

Liquid assets

0.28 %

Consumer Discretionary

as of 31/05/2024 - 46.82 % of all investments

Catena AB

6.79 %

American Tower Corp

5.07 %

DigitalBridge Group Inc

4.80 %


4.77 %


4.63 %

Shurgard Self Storage Ltd

4.59 %

Independence Realty Trust Inc

4.12 %

Prologis Inc

4.10 %

Grainger PLC

4.01 %

Cellnex Telecom SA

3.94 %

All investments

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.