Danske Invest

Eastern Europe Convergence Fund D

Morningstar Rating™ : - Sustainability : - ISIN: FI0008811260
Documents
Factsheet
Key Investor Information Document
Price list
Fund regulations
Investor notification
Prospectus
ESG restriction report
Carbon footprint report
Sustainalytics ESG Risk Rating

0.37744

NAV as of 30.10.2020

+0.27%

Return 1 day

-8.84%

Return 1 month

-34.06%

Return (year-to-date)

Objectives and investment policy

Objectives

The target of investment activities is to achieve long-term value increase on the invested assets through active asset management pursuant to the Act on Common Funds and the fund's regulations.

Investment policy

The assets are invested mainly in publicly traded equities and equity-linked securities issued by companies listed in Eastern European countries or companies highly dependent on their economies. The assets are invested mainly in the equity markets of Poland, Turkey, Hungary and the Czech Republic. Assets will not be invested in Russia. The returns on the fund's investments, such as dividends and interest, will be reinvested. The fund's base currency is the euro.

It is generally expected that the fund's holdings, and therefore its performance, may differ significantly from those of the benchmark. The fund is suitable for investors who seek high returns and asset value increases, while also tolerating substantial value fluctuations or even decreases. The fund is suitable as part of a diversified investment portfolio. Investors may subscribe for and redeem fund units on every banking day.


Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 7 years.



Sustainability profile

Common to all funds labelled "Integrated" is that they are actively managed by a team of portfolio managers who work with sustainability as an integral and systematic element of the investment process.


The LuxFLAG ESG label
This fund complies with the requirements of LuxFLAG ESG, which is one of the oldest sustainability labels in Europe. Certification entails meeting extensive requirements with respect to the work done on sustainable investments. You can read more here.

Return

Eastern Europe Convergence Fund D
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
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Historical return is no reliable indicator of future return.

Risk indicator

Lower risk

Higher risk

Typically lower return

Typically higher return

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

The indicator illustrates the typical correlation between the risk and your potential return of the investment. The categorization is determined by the fluctuations in the fund's net asset value over the past five years and/or representative data.

Significant historical volatility equals high risk and low volatility equals lower risk. Please note that the fund’s categorization is not constant and the categorization may change over time. Historical performance data is not necessarily a reliable indicator of the future risk profile.

The risk indicator is purely a mathematical calculation and it does not take devaluations, political intervention and sudden fluctuations in interest rates and currencies into account. Risk class 1 is not a risk-free investment.
 

Value of
Click to change the amount

0 years
years
10 years
years

of which n/a € in dividends.
Total charges during the period:
n/a €.

Historical return is no reliable indicator of future return.
Show table

Value of EUR 100

PeriodeVærdi
1 year runningEUR 76.44
3 years runningEUR 68.99
5 years runningEUR 83.70
7 years runningEUR 86.48
10 years runningEUR 76.51
Historical return is no reliable indicator of future return.
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Manager

Morten Lund Ligaard

Title: Chief Portfolio Manager
Background: M.Sc. (Mathematics & Economics), CFA
Years of experience: 20

Danske Bank Asset Management

Danske Bank Asset Management is an international asset manager and part of Danske Bank Wealth Management – a division of the Danske Bank Group.

Danske Bank Asset Management is Danske Invest’s main investment manager. Danske Bank Asset Management focuses its resources on selected core investment areas. These areas are Nordic equities, European equities, Eastern European equities, global equities, Nordic fixed income, European corporate bonds, global inflation-linked bonds, emerging markets debt as well as index based investments. Danske Bank Asset Management also manages hedge fund strategies within both equities and fixed income.

Asset allocation as of 31.08.2020


Please note that all holdings are delayed with 1 month.
Eastern Europe Convergence Fund D

Holdings as of 31.08.2020

Name of investment/security Weight Type Currency Country ISIN code
CD Projekt Red SA 000000000000007.017.01% Equities PLN Poland PLOPTTC00011
OTP Bank 000000000000006.176.17% Equities HUF Hungary HU0000061726
PLAY Communications SA 000000000000004.874.87% Equities PLN Poland LU1642887738
PKO Bank Polski S.A. 000000000000004.514.51% Equities PLN Poland PLPKO0000016
KGHM Polska Miedz S.A. 000000000000003.613.61% Equities PLN Poland PLKGHM000017
Polski Koncern Naftowy S.A. 000000000000003.523.52% Equities PLN Poland PLPKN0000018
Bank Pekao S.A. 000000000000003.433.43% Equities PLN Poland PLPEKAO00016
CEZ a.s. 000000000000003.393.39% Equities CZK Czech Republic CZ0005112300
Krka D.D. 000000000000003.173.17% Equities EUR Slovenia SI0031102120
Powszechny Zaklad Ubezpieczen SA 000000000000003.153.15% Equities PLN Poland PLPZU0000011
Please note that all holdings are delayed with 1 month.

Charges

The charges you pay are used to cover the costs of running the fund, including marketing costs and distribution. These charges reduce the potential growth of your investment.

Charges taken from the fund over a year

One-off charges taken before or after you invest

Other charges *)

*) Other charges are charges which entirely or partially are included in the ongoing charges and/or one-off charges.
Eastern Europe Convergence Fund D

Facts about the fund & dividends

  • Dividend per unit

    Dividend per unit

    Dividend date Payment date Dividend type Amount
    15.04.2020 - Normal EUR 0.02424
    26.03.2019 - Normal EUR 0.02286
    05.04.2018 - Normal EUR 0.02794
    04.04.2017 - Normal EUR 0.02448
    05.04.2016 - Normal EUR 0.02424
  • Basic information

    Basic information

    ISIN code FI0008811260
    Listed on stock exchange No
    Sub-fund of Danske Invest
    Fund domicile Finland
    Dividends Yes
    Management company Danske Invest Fund Management Ltd
    Man. company domicile Finland
    Depositary Skandinaviska Enskilda Banken AB (publ) Helsinki branch
    Minimum initial investment 10 EUR
    Currency EUR
    Price method Single Price
    Legal type UCITS
    Launch date 24.10.2006
    Bloomberg ticker MAEEVAD FH
    Marketing permission (Retail) Finland
    Marketing permission (Professional) Finland
  • Profile

    Profile

    Profile Actively managed
    Type Equity
    Investment area Eastern Europe/Russia
    Benchmark 85% Dow Jones STOXX EU Enlarged TM Index and 15% MSCI Daily TR Net Emerging Markets Turkey Index
    Recommended investment horizon 7 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 30.09.2020 21.93
    Net asset value (NAV) EUR as of 30.10.2020 0.37744
  • Risk key figures as of 30.09.2020

    Risk key figures as of 30.09.2020

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) -23.56 -11.64 -3.50 -2.05 -2.64
    Sharpe Ratio -0.59 -0.18 -0.11 -0.15
    Volatility 20.45 17.93 16.53 17.70
    Tracking Error 3.18 3.37 3.22 3.95
    Information Ratio -0.68 -0.67 -0.30 -0.23
    Calculation is based on end-of-month data.
  • Download documents

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