Investment in equity

Less talk.
More return.


About equity investment

Only invest money that you can do without for at least three years

Equity is considered to be the best investment over time. As we have just seen during the outbreak of COVID19, stock markets can dive from one day to the next, and then it becomes crucial that you as the investor is not pressured to sell at a bad time because you need the cash. Our rule of thumb is that you should only invest money that you do not need in the next three years. With that time horizon, you will be equipped to get through fluctuations in the market - and you will probably also have benefited from your investments. But of course, there are no guarantees for that.

See how we invest

Responsible investment

Ongoing screening of investments

We continuously screen the companies we invest in for climate impact, respect for human rights, respect for workers’ rights, environmental impact and for ethical corporate governance. The screening is carried out in collaboration with Refinitiv, which is one of the world’s largest independent providers of ESG screening.

Take a closer look at Refinitiv's website

Higher requirements for ethics and responsible business operations
Your money is invested with the greatest possible consideration for human rights and responsible business operations.

More renewable energy and new technology
More investments in companies that produce green energy, reduce waste production and produce medicines and healthcare equipment.

No weapons or tobacco
Zero investment in companies that manufacture or distribute weapons or military equipment. No tobacco-related products either.

Annox aktier

Equity and risk diversification

In average each share accounts for only 0.5% percent of the portfolio, which provides you with a very diversified portfolio. Thus, one does not have a high concentration in any single stocks, as one sees in many other funds and indices that are market-weighted. For example, Amazon, Microsoft and Apple together make up over 30% of the Nasdaq 100 index. In contrast, the 3 largest stocks in the ANNOX fund typically make up no more than 4%.
Our equity portfolio is global consisting of more than 200 international equities from different regions. The main regions we work with are the Nordics, European, North American and Australian Asia - ie. all the regions known as being developed countries. Together these regions make up 90% of the global stock market.

See our return

Equity fund

At ANNOX we believe that an equity portfolio is an important part of any investor portfolio.

That’s why we’ve created our own equity fund, which is diversified, un-leveraged with exposure to more than 200 different stocks – selected from a universe of thousands of stocks worldwide.

See our results

Basically, the fund’s equities are selected on sound financial figures and attractive stock price patterns. We thus choose the stocks that provide the best combination of recognized academic risk premiums and market abnormalities to create excess returns.

We use a systematic data-driven approach to find and utilize these risk premiums, but also to optimize and diversify our equity portfolio in the best possible way. We use fixed rules, models and algorithms developed internally in Annox to determine the selection of stocks.


Factor investing - also known as a fund's investment style, can be understood as how a portfolio is designed differently from the market. For example, a portfolio manager who invests in “small cap” is known for investing in stocks that have less market value than the market average. In the academic environment, the fund is thus considered to be“tilted” or “loaded up on the size factor”. The factors are also often referred to as risk premiums, and became known when the American professors Eugene Fama and Kenneth French in 1993 published a series of groundbreaking articles that showed great evidence that the factors existed - and could be used to explain the returns of many funds. In the academic environment, these have since been further investigated, and to this day they are still researched.

Annox has developed its own equity model, based on historical and current share prices and accounts, in order to make the best possible use of these risk premiums and create excess returns.

See are return

Frequently Asked Questions (FAQ)

As an investor in a mutual fund, you get easy and quick access to insight and knowledge about the financial markets

A mutual fund is an association of investors who invest together in predefined asset class or market. It can be stocks, bonds or something completely different. It can also be a mix of different asset classes. The members of the investment fund share the return and costs in proportion to the amount invested.

The investors own ANNOX
If you invest in ANNOX, you become a member of the mutual fund ANNOX Quant Global ESG Kl, ​​which is a branch under Nykredit’s Investeringsforening Investin. As soon as you have purchased your investment certificate, you are automatically a co-owner of the association for the share that your certificate stipulates. The investment certificates can be traded daily on the stock exchange. The association is owned exclusively by the investors, who have access to the general meeting and who also have an influence on, for example, the election of the board.

Mutual funds can be traded on Nasdaq through online banking between 9-17 European Central Time.  The pricing is done by the market maker of the fund, i.e. Nykredit.

The time for pricing is set at 10, 11, 12 and 16 every banking day, European Central Time for Annox Quant Equity ESG at.

When an investor submits a subscription or redemption request through the order form, the investor enters into a binding buy / sell order; price setting and execution usually takes place at the time of the next pricing.

Most mutual funds can be traded on a daily basis through online banking access to the Nasdaq exchange. However, when investing in mutual funds, the indicated time horizon is usually directed towards long-term investment.

Mutual funds can also be traded directly with the fund administrator through the order form. (In Annox’s case, this is Nykredit)

The administrator issues or redeems units based on the day-to-day transactions within the mutual fund. Investors are allocated shares corresponding to a proportionate share of the value of the underlying assets.

The price you can see in your online bank for a fund is the last known NAV price +/- subscription / redemption fee, as well as a minor adjustment that the marketmaker makes to price the fund, based on changes in the market since NAV last was calculated.

We apply “ever high water mark”, which means that ANNOX only receives performance fees when the return is above the high water mark and reaches a new height. If the performance is not above the high watermark, you only pay the admin fee of 0.75%.

You pay a brokerage fee for subscriptions / redemptions in the fund.

Your bank will charge you brokerage fee, that varies from bank to bank. Typical prices for brokerage through online banking are 0.15%. If you instruct your bank adviser to trade for you, the brokerage price may be higher.
In addition, you pay 0.35% to the fund when you buy or sell (subscripe/ redeem).

The investment certificates in ANNOX are listed on the stock exchange and must therefore be deposited  with a bank. If you want to invest your pension funds in ANNOX, you can set up a pension scheme with a bank and elect to invest your pension savings in investment certificates from ANNOX. Ie. your pension scheme itself is with a bank, but the funds are invested in investment certificates from ANNOX.