Nasdaq Copenhagen suspends six Nykredit funds over NAV pricing issue

Trading was halted after Nykredit Portefølje Administration A/S said technical challenges prevented correct NAVs for selected fund departments; the halt is to be lifted once accurate prices can again be provided.

Summary

Nasdaq Copenhagen suspended trading in selected funds managed by Nykredit Portefølje Administration A/S after the manager requested a halt because technical problems made it impossible to provide correct NAVs, or net asset values. The newer notice names six suspended departments: 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, the per-share valuation of a fund.