Danske Invest SICAV

Emerging Markets Debt Hard Currency Class I

Morningstar Rating™ : - Sustainability : - ISIN: LU1204911488
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus
ESG restriction report

14.148

NAV as of 20.11.2020

+0.25%

Return 1 day

+2.98%

Return 1 month

+3.92%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve above-market performance. The share class is accumulating.

Investment policy

The fund invests mainly in corporate and government bonds from emerging markets. To a small extent, the fund may invest in bonds issued in the European Union or the USA.

The fund systematically integrates ESG factors alongside financial factors, treated holistically and managed from a risk-return perspective in the investment process. Material ESG issues are addressed and promoted through active ownership.

The fund may invest in, or be exposed to, the following investments up to the percentage of net assets indicated:

Bonds with a rating of Caa/CCC (or similar) or lower or unrated bonds: 15%.

Debt instruments that are unrated or are considered to be in default because they have failed to make one or more required payments on schedule: 10%.

In actively managing the fund’s portfolio, the management team selects securities that appear to offer superior investment characteristics.

The fund generally expects that its holdings, and therefore its performance, may differ significantly from those of the benchmark.

The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes.

The total duration, including cash, is the benchmark duration plus or minus 2 years.

Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 3 years.



Sustainability profile

Common to all funds labelled "Integrated" is that they are actively managed by a team of portfolio managers who work with sustainability as an integral and systematic element of the investment process.


The LuxFLAG ESG label
This fund complies with the requirements of LuxFLAG ESG, which is one of the oldest sustainability labels in Europe. Certification entails meeting extensive requirements with respect to the work done on sustainable investments. You can read more here.

Return

Emerging Markets Debt Hard Currency Class I
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
Compare with other fund ...
Aktiv Förmögenhetsförvaltning Class SIDanske Invest SICAV
Danish Mortgage Bond Class IDanske Invest SICAV
Danish Mortgage Bond Class I-chf hDanske Invest SICAV
Danish Mortgage Bond Class I-eur hDanske Invest SICAV
Danish Mortgage Bond Class I-eur h dDanske Invest SICAV
Denmark Focus Class IDanske Invest SICAV
Eastern Europe Class IDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-eur hDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-eur h dDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-sek hDanske Invest SICAV
Emerging and Frontier Markets Class IDanske Invest SICAV
Emerging and Frontier Markets SMID Class DDanske Invest SICAV - SIF
Euro Investment Grade Corporate Bond Class IDanske Invest SICAV
Euro Sustainable High Yield Bond Class I Danske Invest SICAV
Europe Class IDanske Invest SICAV
Europe Class SI-sekDanske Invest SICAV
Europe High Dividend Class IDanske Invest SICAV
Europe Long-Short Equity Factors Class I pDanske Invest SICAV
Europe Small Cap Class IDanske Invest SICAV
European Corporate Sustainable Bond Class IDanske Invest SICAV
European Corporate Sustainable Bond Class I-dkk h dDanske Invest SICAV
European Corporate Sustainable Bond Class I-nok hDanske Invest SICAV
European Corporate Sustainable Bond Class I-sek hDanske Invest SICAV
Global Corporate Sustainable Bond Class IDanske Invest SICAV
Global Corporate Sustainable Bond Class I-nok hDanske Invest SICAV
Global Corporate Sustainable Bond Class I-sek hDanske Invest SICAV
Global Emerging Markets Class IDanske Invest SICAV
Global Emerging Markets Class I dDanske Invest SICAV
Global Emerging Markets Small Cap Class IDanske Invest SICAV
Global Index Class SIDanske Invest SICAV
Global Inflation Linked Bond Class IDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class IDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class RIDanske Invest SICAV
Global Sustainable Future Class IDanske Invest SICAV
Horisont Aktie Class SIDanske Invest Allocation
Horisont Balanserad Class SIDanske Invest Allocation
Horisont Försiktig Class SIDanske Invest Allocation
Horisont Offensiv Class SIDanske Invest Allocation
Horisont Ränta Class SIDanske Invest Allocation
Japan Class IDanske Invest SICAV
Multi Asset Inflation Strategy Class IDanske Invest SICAV
Nordic Corporate Bond Class IDanske Invest SICAV
Nordic Corporate Bond Class I-nok hDanske Invest SICAV
Russia Class IDanske Invest SICAV
SRI Global Class SIDanske Invest SICAV
SRI Global Class SI dDanske Invest SICAV
Sverige Beta Class SIDanske Invest SICAV
Sverige Class SIDanske Invest SICAV
Sverige Kort Ränta Class SIDanske Invest SICAV
Sverige Kort Ränta Class SI dDanske Invest SICAV
Sverige Ränta Class SIDanske Invest SICAV
Sverige Småbolag Class SIDanske Invest SICAV
US High Yield Bond Class IDanske Invest SICAV
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
5 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 USD 100

PeriodeVærdi
1 year runningUSD 100.93
3 years runningUSD 110.97
5 years runningUSD 135.70
Historical return is no reliable indicator of future return.
Show calculator

Manager

Bent Lystbæk & Jacob Ellinge Nielsen

Title: First Vice President/Senior Portfolio Manager
Background: M.Sc./M.Sc.

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 30.09.2020


Please note that all holdings are delayed with 1 month.
Emerging Markets Debt Hard Currency Class I

Holdings as of 30.09.2020

Name of investment/security Weight Type Currency Country ISIN code
DOMREP 5 1/2 01/27/25 000000000000001.231.23% Bonds USD Dominican Republic USP3579EBD87
5,95 DOMINICAN REPUBLIC 25/1-2017/2027 000000000000001.181.18% Bonds USD Dominican Republic USP3579EBV85
4,40 1MDB GLOBAL INVESTMENTS 9/3-2013/2023 000000000000001.151.15% Bonds USD Malaysia XS0906085179
4,817 QATAR STATE OF 14/03-2019/2049 000000000000001.141.14% Bonds USD Qatar XS1959337749
5,1 URUGUAY (REPUBLIC) 18/6-2014/2050 000000000000001.071.07% Bonds USD Uruguay US760942BA98
3,875 COLOMBIA REP OF 25/04-2017/2027 000000000000001.051.05% Bonds USD Colombia US195325DL65
4,5 COLOMBIA REP OF 15/03-2018/2029 000000000000001.001.00% Bonds USD Colombia US195325DP79
4,5 QATAR STATE OF 23/04-2018/2028 000000000000001.001.00% Bonds USD Qatar XS1807174393
5,625 MONGOLIA (GOVERNMENT) 1/5-2017/2023 000000000000000.980.98% Bonds USD Mongolia USY6142NAB48
2,75 MACEDONIA-C BOND 18/01-2018/2025 000000000000000.970.97% Bonds EUR Macedonia,The Former Yugoslav Republic Of XS1744744191
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.
Emerging Markets Debt Hard Currency Class I

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1204911488
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends No
    Management company Danske Invest Management A/S
    Man. company domicile Denmark
    Depositary RBC Investor Services Bank S.A
    Minimum initial investment EUR 100,000
    Currency USD
    Price method Single Price
    Legal type UCITS
    Launch date 24.06.2015
    Bloomberg ticker DEMDHCI LX
    Wertpapierkennnummer A14U9N
    Marketing permission (Retail) Denmark, Luxembourg, Germany, Austria, Finland, Switzerland
    Marketing permission (Professional) Denmark, Luxembourg, Austria, Germany, Finland, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Emerging Markets
    Benchmark JPM EMBI Global Diversified Composite (hedged into the respective class currency)
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. USD as of 19.11.2020 862.84
    Net asset value (NAV) USD as of 20.11.2020 14.148
    Duration as of 30.10.2020 7.57
    Yield to maturity as of 30.10.2020 4.73
  • Risk key figures as of 31.10.2020

    Risk key figures as of 31.10.2020

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 0.93 3.53 6.30
    Sharpe Ratio 0.14 0.48
    Volatility 11.46 9.59
    Tracking Error 1.29 1.17
    Information Ratio 0.13 0.59
    Calculation is based on end-of-month data.
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