Danske Invest Greater China is changing investment strategy and name
from 1 July, the strategy of the sub-fund Greater China is changed.
Up to now, Danske Invest Greater China has been investing part of its assets in Taiwanese companies. As from 1 July this will be changed, as the sub-fund in the future to a larger extent will focus on companies in China or on companies with their main activities in China.
Investors wish to invest in Chinese private spending
Robert Mikkelstrup, Head of Global Fund Products in Danske Invest, explains the reason for the strategy change:
”Today, China is the world’s second largest economy with an increasing middle class who is spending more and more money, and we expect this development to continue. We have also been listening to our investors who would like to place more targeted investments in the economic development in China - including the Chinese’s increasing private spending. By changing the investment strategy so that it obtains a more narrow focus on China, we will to a larger extent than today be capable of responding to client preferences.”
In addition to changing the sub-fund’s strategy, the sub-fund’s benchmark MSCI Golden Dragon is also changed to MSCI China. The sub-fund will change its name to Danske Invest China to reflect the more narrow focus on China. The name change will become effective already from 1 June 2013.
Schroders continues as manager of the sub-fund
Schroders Investment Management continues to be the manager of the sub-fund headed by portfolio manager Laura Luo.
