Danske Invest European Small Cap Fund G Style and theme equity ...
Da nske Invest European Small Cap Fund G St yle and theme equit y funds
Risk class Fund Low risk
High risk
Fund facts Value 31-03-2011 (EUR) 0.12601 ISIN FI0008802962 Distribution of income No Benchmark index MSCI Europe Small Cap TR -index Web site www.danskeinvest.fi Launch 31-12-1998 Total assets , million (EUR) 148.37 Base currency EUR Minimum subscription 500 EUR or 30 EUR/month
Subscription fee Redemption fee Management fee
1,00 % / 8 EUR 1,00 % / 8 EUR 1.50 %
Investment policy
Performance 31-03-2011
Danske Invest European Small Cap is intended for investors who are looking for an investment solution on the European equity markets that is profitable, professionally managed and well-diversified. The fund is well-suited, as a part of a diversified investment portfolio, to investors who can accept even substantial changes in the value of the fund from time to time. The recommended investment horizon in the fund is more than five years.
Benchmark index
The Fund aims to achieve the objectives of its investment activities by investing the Funds assets in a diversified manner mainly in publicly traded equities and equity-linked securities of European small and mediumsized companies. Investments will not be made in Finnish companies. The Fund may also employ derivatives to hedge the value of its investments and to enhance portfolio manage-ment. However, the Funds overall risk will not be increased by the use of derivatives beyond a situa-tion where all of the Funds assets are invested in the equity markets.
Unofficial Dow Jones STOXX TMI Growth Index
Portfolio manager Danske Capital, Danske Bank A/S
Major investments 31-03-2011 Issuer
Key f igures - 1 y 31-03-2011 Volatility (%) Sharpe Tracking error IR Alpha Beta Duration
17.238 1.771 8.258 1.464 10.363 0.871 -
GEA Group AG Signet Jewelers Ltd. Croda International Plc Ord DSV Koninklijke Vopak NV TKH Group N.V. Sulzer AG Regd. Into Viscofan Gategroup Holding AG Fugro NV Other
%
4.74 % 4.63 % 4.42 % 4.19 % 4.00 % 3.98 % 3.87 % 3.48 % 3.35 % 3.17 % 60.19 %
Performance 31-03-2011 YTD 1 month 3 month 6 month 12 month 36 month Fund 1.08 1.96 1.08 18.43 27.59 18.68 Benchmark index 0.50 -0.38 0.50 14.05 16.78 8.15
Start -2.33 6.17
This Fund Review is not an invitation to subscribe or redeem Fund units. Even though the aim has been to give reliable information, Sampo Bank and Sampo Fund Management Ltd guarantees neither the completeness nor correctness of the information contained in this Fund review nor shall be held liable for any errors or omissions in the information contained therein. Past mutual fund performance is no guarantee of future returns. The return and interest expectations used in the review are not intended to be perceived as promises of future returns or interest. Investment always involves fluctuation in value the value of an investment may either rise or fall and customers are therefore at risk of losing assets invested in a mutual fund. There is no guarantee of actual returns or that the performance of the investment will be in accordance with the expected returns or always positive. Before making an investment decision, customers should always familiarise themselves with the characteristics, expenses and risks of the mutual funds which are outlined in the simplified prospectuses, fund regulations and price list of mutual funds, for example. Funds simplified prospectus and regulations can be found from www.danskeinvest.fi
Da nske Invest European Small Cap Fund G St yle and theme equit y funds
Sector allocation/asset allocation
Portfolio manager review
nIndustrials 30.79% nConsumer discretionary 17.28%
nEnergy 16.66% nTransportation 11.54% nConsumer staples 7.37% nFinancials 7.06% nMaterials 4.42% nOther 4.87%
Country allocation nGermany 18.94% nNetherlands 11.14% nSwitzerland 10.20% nUnited Kingdom 9.15% nDenmark 8.90% nBermuda 7.30% nItaly 6.61% nOther 27.76%
Currency nEUR 60.23% nGBP 12.24% nCHF 10.20% nDKK 8.91% nNOK 8.42% nUSD 0.00%
Return
Holding type nStock market 99.23% nOther 0.77%
Return and dividends for individual years
2006
2007
2008
2009
2010
Fund Benchmark index
13.15 17.42
4.46 7.01
-42.09 -42.40
27.39 29.15
34.69 24.72
This Fund Review is not an invitation to subscribe or redeem Fund units. Even though the aim has been to give reliable information, Sampo Bank and Sampo Fund Management Ltd guarantees neither the completeness nor correctness of the information contained in this Fund review nor shall be held liable for any errors or omissions in the information contained therein. Past mutual fund performance is no guarantee of future returns. The return and interest expectations used in the review are not intended to be perceived as promises of future returns or interest. Investment always involves fluctuation in value the value of an investment may either rise or fall and customers are therefore at risk of losing assets invested in a mutual fund. There is no guarantee of actual returns or that the performance of the investment will be in accordance with the expected returns or always positive. Before making an investment decision, customers should always familiarise themselves with the characteristics, expenses and risks of the mutual funds which are outlined in the simplified prospectuses, fund regulations and price list of mutual funds, for example. Funds
Risk class Fund Low risk
High risk
Fund facts Value 31-03-2011 (EUR) 0.12601 ISIN FI0008802962 Distribution of income No Benchmark index MSCI Europe Small Cap TR -index Web site www.danskeinvest.fi Launch 31-12-1998 Total assets , million (EUR) 148.37 Base currency EUR Minimum subscription 500 EUR or 30 EUR/month
Subscription fee Redemption fee Management fee
1,00 % / 8 EUR 1,00 % / 8 EUR 1.50 %
Investment policy
Performance 31-03-2011
Danske Invest European Small Cap is intended for investors who are looking for an investment solution on the European equity markets that is profitable, professionally managed and well-diversified. The fund is well-suited, as a part of a diversified investment portfolio, to investors who can accept even substantial changes in the value of the fund from time to time. The recommended investment horizon in the fund is more than five years.
Benchmark index
The Fund aims to achieve the objectives of its investment activities by investing the Funds assets in a diversified manner mainly in publicly traded equities and equity-linked securities of European small and mediumsized companies. Investments will not be made in Finnish companies. The Fund may also employ derivatives to hedge the value of its investments and to enhance portfolio manage-ment. However, the Funds overall risk will not be increased by the use of derivatives beyond a situa-tion where all of the Funds assets are invested in the equity markets.
Unofficial Dow Jones STOXX TMI Growth Index
Portfolio manager Danske Capital, Danske Bank A/S
Major investments 31-03-2011 Issuer
Key f igures - 1 y 31-03-2011 Volatility (%) Sharpe Tracking error IR Alpha Beta Duration
17.238 1.771 8.258 1.464 10.363 0.871 -
GEA Group AG Signet Jewelers Ltd. Croda International Plc Ord DSV Koninklijke Vopak NV TKH Group N.V. Sulzer AG Regd. Into Viscofan Gategroup Holding AG Fugro NV Other
%
4.74 % 4.63 % 4.42 % 4.19 % 4.00 % 3.98 % 3.87 % 3.48 % 3.35 % 3.17 % 60.19 %
Performance 31-03-2011 YTD 1 month 3 month 6 month 12 month 36 month Fund 1.08 1.96 1.08 18.43 27.59 18.68 Benchmark index 0.50 -0.38 0.50 14.05 16.78 8.15
Start -2.33 6.17
This Fund Review is not an invitation to subscribe or redeem Fund units. Even though the aim has been to give reliable information, Sampo Bank and Sampo Fund Management Ltd guarantees neither the completeness nor correctness of the information contained in this Fund review nor shall be held liable for any errors or omissions in the information contained therein. Past mutual fund performance is no guarantee of future returns. The return and interest expectations used in the review are not intended to be perceived as promises of future returns or interest. Investment always involves fluctuation in value the value of an investment may either rise or fall and customers are therefore at risk of losing assets invested in a mutual fund. There is no guarantee of actual returns or that the performance of the investment will be in accordance with the expected returns or always positive. Before making an investment decision, customers should always familiarise themselves with the characteristics, expenses and risks of the mutual funds which are outlined in the simplified prospectuses, fund regulations and price list of mutual funds, for example. Funds simplified prospectus and regulations can be found from www.danskeinvest.fi
Da nske Invest European Small Cap Fund G St yle and theme equit y funds
Sector allocation/asset allocation
Portfolio manager review
nIndustrials 30.79% nConsumer discretionary 17.28%
nEnergy 16.66% nTransportation 11.54% nConsumer staples 7.37% nFinancials 7.06% nMaterials 4.42% nOther 4.87%
Country allocation nGermany 18.94% nNetherlands 11.14% nSwitzerland 10.20% nUnited Kingdom 9.15% nDenmark 8.90% nBermuda 7.30% nItaly 6.61% nOther 27.76%
Currency nEUR 60.23% nGBP 12.24% nCHF 10.20% nDKK 8.91% nNOK 8.42% nUSD 0.00%
Return
Holding type nStock market 99.23% nOther 0.77%
Return and dividends for individual years
2006
2007
2008
2009
2010
Fund Benchmark index
13.15 17.42
4.46 7.01
-42.09 -42.40
27.39 29.15
34.69 24.72
This Fund Review is not an invitation to subscribe or redeem Fund units. Even though the aim has been to give reliable information, Sampo Bank and Sampo Fund Management Ltd guarantees neither the completeness nor correctness of the information contained in this Fund review nor shall be held liable for any errors or omissions in the information contained therein. Past mutual fund performance is no guarantee of future returns. The return and interest expectations used in the review are not intended to be perceived as promises of future returns or interest. Investment always involves fluctuation in value the value of an investment may either rise or fall and customers are therefore at risk of losing assets invested in a mutual fund. There is no guarantee of actual returns or that the performance of the investment will be in accordance with the expected returns or always positive. Before making an investment decision, customers should always familiarise themselves with the characteristics, expenses and risks of the mutual funds which are outlined in the simplified prospectuses, fund regulations and price list of mutual funds, for example. Funds
