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Danske Invest SICAV

Emerging Markets Debt Hard Currency Class I-eur h

Morningstar Rating™ : - ISIN: LU1204911561
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Sustainability profile
Prospectus

11.575

NAV as of 17.01.2020

-0.07%

Return 1 day

+1.39%

Return 1 month

+0.99%

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 government bonds and corporate bonds in Emerging Market countries traded on a regulated market. Corporate bonds may not exceed 30% of the fund assets.

Up to 15% of the net assets may be invested in bonds with rating of CCC or lower.

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

The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes. The fund may take short positions through derivatives. The fund may use credit default swaps with or without underlying assets.

The total duration of the fund, including cash holding, will be the benchmark duration plus/minus 2 years.

The main part of the share class' NAV will be hedged against the base currency of the fund. However, the share class remains exposed to the currencies of the investments in the fund.

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

Return

Emerging Markets Debt Hard Currency Class I-eur h
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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
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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
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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
3 years
years

€

of which n/a € in dividends.
Total charges during the period: n/a €.

Historical return is no reliable indicator of future return.
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Value of EUR 100

PeriodeVærdi
1 year runningEUR 112.20
3 years runningEUR 114.15
Historical return is no reliable indicator of future return.
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Manager

Bent Lystbæk

Title: First Vice President
Background: M.Sc.
Years of experience: 35

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 29.11.2019


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

Holdings as of 29.11.2019

Name of investment/security Weight Type Currency Country ISIN code
5,625 MONGOLIA (GOVERNMENT) 1/5-2017/2023 000000000000001.441.44% Bonds USD Mongolia USY6142NAB48
4,5 QATAR STATE OF 23/04-2018/2028 000000000000001.261.26% Bonds USD Qatar XS1807174393
4,40 1MDB GLOBAL INVESTMENTS 9/3-2013/2023 000000000000001.171.17% Bonds USD Malaysia XS0906085179
2,75 MACEDONIA-C BOND 18/01-2018/2025 000000000000001.061.06% Bonds EUR Macedonia,The Former Yugoslav Republic Of XS1744744191
4,5 COLOMBIA REP OF 15/03-2018/2029 000000000000001.061.06% Bonds USD Colombia US195325DP79
2,7 CROATIA 15/06-2018/2028 000000000000001.011.01% Bonds EUR Croatia XS1713462668
9,375 TRADE DEV BK OF MONGOLIA 19/5-2015/2020 000000000000000.990.99% Bonds USD Mongolia US89253YAA01
5,95 DOMINICAN REPUBLIC 25/1-2017/2027 000000000000000.980.98% Bonds USD Dominican Republic USP3579EBV85
8,75 MONGOLIA (GOVERNMENT) 9/3-2017/2024 000000000000000.940.94% Bonds USD Mongolia USY6142NAA64
6,375 GABONESE REPUBLIC 12/12-2013/2024 000000000000000.940.94% Bonds USD Gabon XS1003557870
View entire list
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

  • Ongoing charge0.76%
  • Performance fee0.00%

One-off charges taken before or after you invest

  • Max. entry charge2.00%
  • Max. exit charge0.00%

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-eur h

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU1204911561
    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 EUR
    Price method Single Price
    Legal type UCITS
    Launch date 16.11.2016
    Bloomberg ticker DEMDHIH LX
    Wertpapierkennnummer A2ASK1
    Marketing permission (Retail) Luxembourg, Germany, Austria, Sweden, Switzerland
    Marketing permission (Professional) Austria, Germany, Luxembourg, Sweden, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Emerging Markets
    Benchmark JP Morgan's EMBI Global Diversified Composite hedged
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 16.01.2020 576.43
    Net asset value (NAV) EUR as of 17.01.2020 11.575
    Duration as of 30.12.2019 7.38
    Yield to maturity as of 30.12.2019 4.75
  • Risk key figures as of 31.12.2019

    Risk key figures as of 31.12.2019

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 12.20 4.51
    Sharpe Ratio 1.03
    Volatility 4.67
    Tracking Error 1.10
    Information Ratio 0.49
    Calculation is based on end-of-month data.
  • Download documents

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