Danske Invest

Eastern Europe Convergence Fund G

Morningstar Rating™ : - ESG-funds - ISIN: FI0008811252
Documents
Factsheet
Key Investor Information Document
Price list
Fund regulations
Investor notification
Prospectus
Sustainability-related disclosure

1.08018

NAV as of 03.12.2021

+0.23%

Return 1 day

-5.77%

Return 1 month

+23.78%

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 fund is categorized under SFDR as article 8 and promotes environmental and social characteristics, as well as good governance practices, through screening, restrictions, investment analysis and decision-making as well as active ownership. The fund follows Danske Invest’s responsible investment policy. 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.

ESG-funds (Article 8)
Funds that promote environmental (E) and/or social (S) factors and ensure good governance (G) practices are called ESG funds at Danske Invest. These funds promote E/S characteristics through screening, restrictions, investment analysis, and active ownership, but they do not have sustainable investments as their objective. The funds integrate ESG by systematically identifying and addressing sustainability factors during the investment process.

ESG funds comply with Article 8 of the EU regulation on sustainability‐related disclosures in the financial services sector.
All funds adhere to our responsible investment policy

Return

Eastern Europe Convergence Fund G
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
10 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 127.82
3 years runningEUR 110.88
5 years runningEUR 121.46
7 years runningEUR 112.37
10 years runningEUR 155.09
Historical return is no reliable indicator of future return.
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Manager

Ole Gotthardt

Title: Chief Portfolio Manager
Background: M.Sc.
Years of experience: 37

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 29.10.2021


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

Holdings as of 29.10.2021

Name of investment/security Weight Type Currency Country ISIN code
OTP Bank 000000000000008.448.44% Equities HUF Hungary HU0000061726
PKO Bank Polski S.A. 000000000000007.187.18% Equities PLN Poland PLPKO0000016
Bank Pekao S.A. 000000000000005.795.79% Equities PLN Poland PLPEKAO00016
Polski Koncern Naftowy S.A. 000000000000003.923.92% Equities PLN Poland PLPKN0000018
Bank Zachodni WBK S.A. 000000000000003.853.85% Equities PLN Poland PLBZ00000044
Powszechny Zaklad Ubezpieczen SA 000000000000003.583.58% Equities PLN Poland PLPZU0000011
MOL Hungarian Oil and Gas Plc A 000000000000003.433.43% Equities HUF Hungary HU0000153937
CEZ a.s. 000000000000003.353.35% Equities CZK Czech Republic CZ0005112300
Krka D.D. 000000000000002.942.94% Equities EUR Slovenia SI0031102120
Nova Ljubljanska Banka dd 000000000000002.862.86% Equities EUR United Kingdom US66980N2036
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 G

Facts about the fund

  • Basic information

    Basic information

    ISIN code FI0008811252
    Listed on stock exchange No
    Sub-fund of Danske Invest
    Fund domicile Finland
    Dividends No
    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 MAEEVAG 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 03.12.2021 28.43
    Shareclass total assets, mill. EUR as of 03.12.2021 28.20
    Net asset value (NAV) EUR as of 03.12.2021 1.08018
  • Risk key figures as of 30.11.2021

    Risk key figures as of 30.11.2021

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 27.82 3.50 3.97 1.68 4.49
    Sharpe Ratio 0.16 0.20 0.10 0.26
    Volatility 24.92 21.06 19.21 17.94
    Tracking Error 3.77 3.45 3.48 3.65
    Information Ratio 0.28 -0.33 -0.11 0.13
    Calculation is based on end-of-month data.
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