Nasdaq Copenhagen suspends six Nykredit funds over NAV pricing issue

Trading was halted after Nykredit Portefølje Administration A/S said technical challenges prevented correct NAV calculation for selected departments, with suspension to be lifted once accurate prices can be provided.

Summary

Nasdaq Copenhagen suspended trading in six funds managed by Nykredit Portefølje Administration A/S after the manager requested a halt because technical problems made it impossible to provide a correct NAV (net asset value). The suspension covers Ansvarlig Defensiv, Ansvarlig Moderat, Ansvarlig Offensiv, Defensiv KL, Moderat KL and Offensiv KL. Nykredit said the suspension will be lifted once correct pricing is available again.

Terms & Concepts
  • NAV: Net asset value of a fund
  • suspension: Temporary halt in trading
  • ISIN: International securities identification code