All portfolios

Here you can find brief descriptions of the individual portfolios that The Cost-of-Living Allowance Fund allows you to choose from.

You can also find information about the portfolios, including their returns, risk and investment areas, on the Return and risk page.

Go to Return and risk

Almost 90% of members have all their savings invested in the LD Discretionary portfolio, which is therefore the largest portfolio. Here you can find a description of LD Discretionary and the other four portfolios.

The large Cost-of-Living Allowance Fund portfolio

Investments are made in accordance with the investment strategy of The Cost-of-Living Allowance Fund, which sets out the framework for the allocation of equities, high-grade bonds and credit bonds, etc., as well as the risk parameters. Investments are made in Danish government and mortgage bonds, Danish and foreign listed equities, and credit bonds. To a lesser extent, investments are made in unlisted equities and unlisted credit bonds.

Other portfolios

Investments in companies listed on OMX Nasdaq Copenhagen. Investments are made selectively, with a focus on companies deemed to be attractively priced from a long-term perspective.
Investments in listed companies across all sectors. Investments are made on the basis of a balanced strategy focusing on both active and passive management, as well as long-term risk premiums. A small proportion of the assets may be invested in Danish equities, and investments are made in emerging market equities. No currency hedging is carried out.
Investments in listed shares issued by companies whose business activities are, to a significant extent, focused on environmentally and climate-friendly solutions and products. In addition, investments are made in companies characterised by a strategic focus on efforts to find environmentally and climate-friendly solutions within their own production and distribution, as well as in companies that promote social welfare. No currency hedging is undertaken.
Investments in both Danish and foreign bonds, with a focus on gold-backed government and mortgage bonds. To a certain extent, investments are also made in index-linked bonds with a good credit rating, as well as in corporate bonds and bonds issued by emerging market countries. The interest rate risk is such that a one percentage point rise in interest rates could result in a capital loss of between 2 and 7 per cent.