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Danske Invest equity fund gets new, renowned portfolio manager

Aberdeen Asset Management is set to be replaced as portfolio manager on 18 November 2019 for Danske Invest SICAV Global Emerging Markets, which invests broadly in emerging market equities. Taking over will be US firm Fidelity Institutional Asset Management.

The change is prompted by expectations that the new portfolio manager will be able to create a better return for investors.

The two portfolio managers each follow their own investment strategy within emerging markets, and differences include that:
 

  • Fidelity Institutional Asset Management’s portfolio is broader and consists of 100-125 equities, which means a lower risk. Aberdeen Asset Management, on the other hand, has a more concentrated portfolio comprising 40-65 equities.
     
  • Fidelity Institutional Asset Management’s investments deviate less from the fund’s benchmark than Aberdeen Asset Management’s. Hence, you as an investor can also expect less deviation in return relative to the benchmark.

Aberdeen Asset Management remains as portfolio manager for two other Danske Invest funds that are more specialised within emerging markets, focusing on small cap equities and Indian equities, respectively.

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