When you invest in a fund, your investment is not subject to the price change of a single security, but to a portfolio of securities - all securities held by the fund. There are also tax benefits to investing in a fund, as you don’t pay any capital gains tax on transactions within the fund. You only pay capital gains tax when you sell your holding.

The simplest and most inexpensive way is to invest through online banking. You can invest at your convenience or sign up for a monthly subscription.

After selecting a fund, click "Buy." Complete your purchase in 3 easy steps. 

1. Click “Buy” after the name of the fund
   
2. Enter an amount, select a single investment or subscription, and then select a withdrawal account
   
3. Click “Invest in a fund”

An overview of pending transaction orders is displayed at the top of the securities page.

The transaction is then settled. It usually takes two days to settle and one day for Veltubréf.

You can also consult with our securities and pension service advisors by calling +354 410 4040 or visit your local branch.

You can sell your holdings whenever you want. The simplest way to sell is through online banking. Just like when you invest, sales have a settlement cycle of usually two days.

You can also consult with our securities and pension service advisors by calling +354 410 4040 or visit your local branch.

The minimum amount for fund investments is ISK 10,000. The minimum amount is ISK 5,000 per month if you sign up for regular savings in a fund as a monthly subscription.

The main difference between an alternative investment fund for general investors and a mutual fund is that mutual funds have stricter investment authorisations. Investment in funds always involves risk, as unit prices can both increase and decrease, due among other things to changes in the value of underlying assets and exchange rate fluctuations when fund assets are in foreign currencies.

You can view each fund’s investment authorisations in its prospectus, fact sheet and key investor information.

You are required by law to be familiar with the main risk factors of an alternative investment fund for general investors before investing. The main risk factors for each fund can be found in the fund’s fact sheet.

The main difference between an alternative investment fund for general investors and a mutual fund is that mutual funds have stricter investment authorisations.

The simplest way to save regularly through fund investments is to sign up for a monthly subscription. With a monthly subscription, an investment of a set amount is made each month and the transaction is charged to your account. No purchase fees are charged when you have a monthly subscription and there is a discount on the transaction charge.

All you have to do is create a monthly subscription in online banking and choose an amount. We take care of the rest.

Before you invest in a fund, you must accept the terms and conditions for securities transaction services. You can do this easily in online banking. Selecting the securities tab initiates an approval process. 

You can also consult with our securities and pension service advisors by calling +354 410 4040 or visit your local branch.

A securities account is where Landsbankinn holds your securities assets.

The purchase fee and transaction charges are trading commissions charged when you invest in a fund. The purchase fee varies between funds. For further information, see Landsbankinn’s tariff.

We give a 25% discount on the purchase fee and a 50% discount on the transaction charge whenever you make a transaction in online banking.

For monthly subscriptions, the purchase fee is waived and the transaction charge is ISK 100.

A transaction charge is collected when fund holdings are sold.

A service fee is an annual fee that covers a fund’s operational expenses. The service fee is calculated as part of the fund’s price and is therefore not charged separately.

The custody fee is an annual fee for custody services pertaining to securities. You do not pay a custody fee for Landsbréf funds.

Your fund transactions are settled one to three trading days after you place your transaction order through online banking. The settlement cycle for funds is usually two business days. The settlement cycle for Veltubréf is one business day, however, and three business days for foreign equity funds.

Landsbréf is a subsidiary of Landsbankinn. Landsbréf’s activities include managing the mutual funds and alternative investment funds for general investors in which Landsbankinn’s customers can invest. The funds all have different investment strategies with a corresponding difference in returns and risk levels. Landsbréf is licensed to operate in Iceland as a management company of mutual funds and a manager of alternative investment funds for general investors. The company is supervised by the Financial Supervisory Authority of the Central Bank of Iceland.