Danske Invest

Eastern Europe Convergence Fund G

Morningstar Rating™ : - Funds promoting environmental or social characteristics - ISIN: FI0008811252
Documents
Factsheet
PRIIPs KID
Price list
Fund regulations
Investor notification
Prospectus
Sustainability-related disclosure
Investor rights

1.12620

NAV as of 03.02.2023

+1.47%

Return 1 day

+3.00%

Return 1 month

+4.09%

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.

Funds promoting environmental or social characteristics (Article 8)
This type of fund promotes environmental (E) or social (S) conditions and ensures good governance practices (G). Depending on the fund’s investment strategy, this may be done through screening, exclusion, inclusion and active ownership. The funds may partially invest in sustainable investments, but making sustainable investments is not their goal. 

Funds that promote environmental or social characteristics are subject to the disclosure requirements set out in Article 8 of the EU’s ‘Regulation on sustainability‐related disclosures in the financial services sector’.

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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Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.

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 €.

Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.
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Value of EUR 100

PeriodeVærdi
1 year runningEUR 98.66
3 years runningEUR 106.42
5 years runningEUR 100.36
7 years runningEUR 124.87
10 years runningEUR 125.28
Past performance is not a reliable indicator of future results. Future returns may be negative. The return may increase and decrease as a result of currency fluctuations if the fund is issued in a currency other than the currency used in the country in which you are domiciled.
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Manager

Ole Gotthardt

Title: Chief Portfolio Manager
Background: M.Sc.
Years of experience: 39

Danske Bank Asset Management

Danske Bank Asset Management is an international asset manager and part 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 30.12.2022


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

Holdings as of 30.12.2022

Name of investment/security Weight Type Currency Country ISIN code
KOC Holding 000000000000006.036.03% Equities TRY Turkey TRAKCHOL91Q8
BIM Birlesik Magazalar 000000000000004.854.85% Equities TRY Turkey TREBIMM00018
Polski Koncern Naftowy ORLEN S 000000000000004.414.41% Equities PLN Poland PLPKN0000018
Powszechna Kasa Oszczednosci B 000000000000004.374.37% Equities PLN Poland PLPKO0000016
Haci Omer Sabanci Holding 000000000000004.334.33% Equities TRY Turkey TRASAHOL91Q5
Bank Polska Kasa Opieki S.A. 000000000000004.094.09% Equities PLN Poland PLPEKAO00016
Powszechny Zaklad Ubezpieczen 000000000000003.833.83% Equities PLN Poland PLPZU0000011
CEZ 000000000000003.493.49% Equities CZK Czech Republic CZ0005112300
OTP Bank Nyrt 000000000000003.433.43% Equities HUF Hungary HU0000061726
Dino Polska S.A. 000000000000003.323.32% Equities PLN Poland PLDINPL00011
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 Finland
    Class of DI Itä-Eurooppa Konvergenssi
    Other classes Eastern Europe Convergence Fund D
    Eastern Europe Konvergens A
    Itä-Eurooppa Konvergenssi T
  • Profile

    Profile

    Profile Actively managed
    Type Equity
    Investment area Eastern Europe
    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 03.02.2023 25.73
    Shareclass total assets, mill. EUR as of 03.02.2023 25.53
    Net asset value (NAV) EUR as of 03.02.2023 1.12620
  • Risk key figures as of 30.12.2022

    Risk key figures as of 30.12.2022

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) -1.34 2.09 0.07 3.22 2.28
    Sharpe Ratio 0.08 0.01 0.17 0.13
    Volatility 28.20 23.38 20.89 18.70
    Tracking Error 3.78 3.30 3.30 3.30
    Information Ratio 0.13 0.07 -0.34 0.03
    Calculation is based on end-of-month data.
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