Danske Invest SICAV Europe Absolute is changing its name and strategy

Danske Invest SICAV Europe Absolute has delivered satisfactory long-term results, but we have experienced larger-than-expected fluctuations in certain periods, and the fund’s return has not been as independent of the general trend in the stock market as desired.

The board of directors at Danske Invest SICAV are therefore changing the investment strategy, the investment team on the 1st of September 2017.

New investment strategy focusing on eastern Europe

While the fund thus far has focused on European equities, in the future we will focus on investments in the eastern European equity markets, where our regional investment team has demonstrated over many years its ability to select shares that give a good return. We want to take advantage of that in the fund.

With the new strategy, we expect that the fund’s return will be more independent of the general trend in the eastern European equity markets.

The return will depend solely on whether the investment team succeeds in selecting shares that perform better than the eastern European equity markets generally – or better than other eastern European shares for which the team has lower expectations.

If the investment team’s shares perform better, the fund will deliver a positive return, and if, contrary to expectations, they perform worse, the fund will deliver a negative return.

Lower costs and new name

Since we are changing the geographical region of the fund’s investments from Europe to eastern Europe, we are changing the name of the fund to Eastern Europe Absolute. We are also reducing the administration expenses from 1.8% p.a. to 1.5% p.a.