Marita Haugen

NIM Norway’s investment process starts with dynamic asset allocation. Their thematic portfolio construction follows a combination of top-down and bottom-up processes and seeks to identify long-term trends due to major structural changes such as technology advances, demographic shifts or globalization. Connected themes span a variety of sectors and include outsourcing, privatization, deregulation and TMT. Stock selection focuses on undervalued companies with an ability to exploit the opportunities offered by a particular theme. NIM Norway constructs value-based portfolios, targeting companies with strong financials and high free cash flow potential, and traded below their intrinsic value by a large margin. This approach focuses on under-researched small- to mid-cap companies.