Objectives and investment policy
The objective of this fund is to generate a return at least equal to the return on long-term Danish bonds. The fund is accumulating.
The fund invests mainly in bonds listed on an official stock exchange. The bonds are mainly issued by Danish mortgage credit institutions and denominated in Danish kroner.
The main part of the fund's NAV will be hedged against the base currency of the fund.
The fund is actively managed and the modified duration must be in the range of 3-9 years.
The modified duration indicates a.o. the price risk on the bonds the fund invests in. The lower the duration, the more price stable the bonds if interest rates change. The fund may use financial derivative instruments.
Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 4 years.