Global EM Equities EUR Acc

Growth equities

-0.97 %

Per 04/07/25 12:09

LOW RISK

HIGH RISK

ISIN

DK0060647444

Running approx.

1.53 %

Fond Facts > KIID > Prospectus >

Profile

Investment profile
The fund invests globally in shares in companies from Emerging and Frontier Markets – countries with considerable growth potential.

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The typical investor
The typical investor has an investment horizon of at least 3 years and is looking for a high degree of diversification across companies from emerging and frontier markets. In addition the typical investor is looking for a good long-term investment opportunity to supplement other investments. Investors are expected to know that risk factors, see “Risk factors” below, may at times lead to significant price fluctuations within the fund.

Benchmark
Unit class B uses the benchmark MSCI Emerging + Frontier Markets Index unhedged to EUR. In the attempt to fulfil the objective, investments will typically deviate from benchmark at country and sector levels and in terms of individual equities.

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The fund's investment profile

About the philosophy behind the fund

Meet the team behind it

Those who manage your investment

The practical

Which funds you can invest with

Returns (according to costs)

Returns

Per 04/07/25 12:09

Today's Return -0.20 %

Return Jun: +2.43 %

Return YtD -0.97 %

NAV per. 04/07/25 12:09

Today's Return	-0.20 %
Return year to date, %	-0.97 %
Sell
Buy
NAV ultimo	43.73
Total Assets (m)	8 EUR

Returns - Last Update 01/07/25

Return year to date, %	-0.45 %
1 Year	1.52 %
3 Years	11.93 %
5 Years	27.03 %
7 Years	32.67 %
10 Years	50.64 %

NAV development

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NAV ultimo

Dividend

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Return & Dividend

Year	Returns	Dividend	Income on equity	Capital income	NAV per unit (End Year)
2024	18.94 %	0.00	0.00	0.00	44.16
2023	2.77 %	0.00	0.00	0.00	37.13
2022	-19.45 %	0.00	0.00	0.00	36.13
2021	5.94 %	0.00	0.00	0.00	44.58
2020	13.40 %	0.00	0.00	0.00	42.33
2019	23.67 %	0.00	0.00	0.00	37.33
2018	-14.22 %	0.00	0.00	0.00	30.19
2017	26.08 %	0.00	0.00	0.00	35.19
2016	9.52 %	0.00	0.00	0.00	27.91
2015	-3.20 %	0.00	0.00	0.00	25.48
2014	13.78 %	0.00	0.00	0.00	26.33
2013	-11.46 %	0.00	0.00	0.00	23.14
2012	13.04 %	0.00	0.00	0.00	26.13
2011	-26.40 %	0.00	0.00	0.00	23.12
2010	21.82 %	0.00	0.00	0.00	31.41
2009	112.45 %	0.00	0.00	0.00	25.78
2008	-61.92 %	0.00	0.00	0.00	12.14
2007	45.52 %	0.00	0.00	0.00	31.88
2006	37.40 %	0.00	0.00	0.00	21.90
2005	61.13 %	0.00	0.00	0.00	0.00
2004	-1.06 %	0.00	0.00	0.00	0.00
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Latest trends

Global EM Equities EUR Acc	Return June	Return YtD
Latest trend	2.43 %	-0.45 %
Return benchmark	1.53 %	1.75 %

Fund Holdings

Top 10 Holdings Securities	Industry	Country	Proportion
Taiwan Semiconductor Manufac	Semiconductors	Taiwan, Province Of China	9.09 %
Tencent	Interactive Media & Services	China	6.29 %
Alibaba Group Holding Ltd	Broadline Retail	China	3.50 %
Samsung Electronics Prefered	Technology Hardware, Storage & Peripherals	Korea, Republic Of	3.27 %
Icici Bank	Diversified Banks	India	2.96 %
HDFC Bank	Diversified Banks	India	2.87 %
Hynix Semiconcuctor	Semiconductors	Korea, Republic Of	2.55 %
Emaar Properties	Real Estate Development	United Arab Emirates	2.10 %
Chinatrust Financial Holding	Diversified Banks	Taiwan, Province Of China	1.78 %
Xiaomi Corp	Technology Hardware, Storage & Peripherals	China	1.74 %
China Merchants Bank	Diversified Banks	China	1.68 %
Bharti Airtel	Wireless Telecommunication Services	India	1.60 %
Banco Itau	Diversified Banks	Brazil	1.43 %
Bank Of China	Diversified Banks	China	1.34 %
Mahindra & Mahindra	Automobile Manufacturers	India	1.28 %
Hyundai Rotem Co Ltd	Construction & Farm Machinery & Heavy Trucks	Korea, Republic Of	1.26 %
Reliance Industries	Oil & Gas Refining & Marketing	India	1.19 %
China Citic Bank	Diversified Banks	China	1.17 %
Accton Technology	Communications Equipment	Taiwan, Province Of China	1.16 %
Dino Polska SA	Food Retail	Poland	1.05 %
Amber Enterprises India Ltd	Building Products	India	1.04 %
Kingsoft	Interactive Home Entertainment	China	1.04 %
Fortis Healthcare	Health Care Facilities	India	1.02 %
BeiGene Ltd	Biotechnology	United States	0.95 %
Bank Central Asia	Diversified Banks	Indonesia	0.94 %
King Slide Works Co Ltd	Industrial Machinery	Taiwan, Province Of China	0.91 %
Max Healthcare Institute Ltd	Health Care Facilities	India	0.89 %
Naspers	Broadline Retail	South Africa	0.88 %
Kontanter og Diverse	Cash, derivatives etc	KONTANT	0.83 %
DigiPlus Interactive Corp	Leisure Products	Philippines	0.82 %
NetEase Inc	Interactive Home Entertainment	China	0.82 %
Duality Biotherapeutics Inc	Biotechnology	Hong Kong	0.81 %
Hugel Inc	Biotechnology	Korea, Republic Of	0.81 %
Zijin Mining	Gold	China	0.80 %
Qifu Technology Inc	Consumer Finance	China	0.79 %
Al Rajhi Bank	Diversified Banks	Saudi Arabia	0.79 %
InterGlobe Aviation Ltd	Airlines	India	0.78 %
HD Hyundai Electric Co Ltd	Heavy Electrical Equipment	Korea, Republic Of	0.78 %
Gold Fields	Gold	South Africa	0.76 %
Banorte	Diversified Banks	Mexico	0.72 %
Gold Circuit Electronics Ltd	Electronic Equipment Manufacturers	Taiwan, Province Of China	0.72 %
Anta Sports Products	Apparel, Accessories & Luxury Goods	China	0.71 %
Banco Do Brasil	Diversified Banks	Brazil	0.70 %
Saudi National Bank	Diversified Banks	Saudi Arabia	0.68 %
Tencent Music Entertainment Group	Movies & Entertainment	China	0.67 %
Sun Pharmaceuticals	Pharmaceuticals	India	0.67 %
Lite-On Technology	Technology Hardware, Storage & Peripherals	Taiwan, Province Of China	0.66 %
Northam Platinum Holdings Ltd	Precious Metals & Minerals	South Africa	0.66 %
Nongfu Spring Co Ltd	Soft Drinks	China	0.65 %
Sea Ltd	Interactive Home Entertainment	Singapore	0.65 %
Petroleo Brasileiro	Integrated Oil & Gas	Brazil	0.64 %
Dr Sulaiman Al Habib Medical Services Group Co	Health Care Facilities	Saudi Arabia	0.62 %
Etihad Etisalat Co	Wireless Telecommunication Services	Saudi Arabia	0.60 %
Sabesp Cia Saneam	Water Utilities	Brazil	0.59 %
Zomato Ltd	Restaurants	India	0.59 %
RHB Bank Bhd	Diversified Banks	Malaysia	0.58 %
Contemporary Amperex Technology Co Ltd	Electrical Components & Equipment	China	0.56 %
Pko Bank Polski	Diversified Banks	Poland	0.56 %
Wiwynn Corp	Technology Hardware, Storage & Peripherals	Taiwan, Province Of China	0.55 %
Mediatek	Semiconductors	Taiwan, Province Of China	0.54 %
Byd -H	Automobile Manufacturers	China	0.53 %
Shriram Transport Finance Co	Consumer Finance	India	0.53 %
Cowell e Holdings Inc	Electronic Equipment Manufacturers	Hong Kong	0.53 %
Park Systems Corp	Industrial Machinery	Korea, Republic Of	0.53 %
Hindalco Industries	Aluminum	India	0.50 %
Zhejiang Shuanghuan Driveline Co Ltd	Auto Parts & Equipment	China	0.50 %
SK Square Co Ltd	Industrial Conglomerates	Korea, Republic Of	0.49 %
JD Health International Inc	Drug Retail	China	0.49 %
Weichai Power -H	Construction & Farm Machinery & Heavy Trucks	China	0.49 %
Hypermarcas	Pharmaceuticals	Brazil	0.49 %
ASMedia Technology Inc	Semiconductors	Taiwan, Province Of China	0.48 %
Firstrand	Other Diversified Financial Services	South Africa	0.47 %
Futu Holdings Ltd	Investment Banking & Brokerage	Hong Kong	0.47 %
China Mobile	Wireless Telecommunication Services	China	0.47 %
NAURA Technology Group Co Ltd	Semiconductor Equipment	China	0.46 %
360 ONE WAM Ltd	Asset Management & Custody Banks	India	0.46 %
Mao Geping Cosmetics Co LTD	Personal Products	China	0.46 %
Banco de Chile	Diversified Banks	Chile	0.45 %
Advanced Micro-Fabrication Equipment Inc China	Semiconductor Equipment	China	0.44 %
SITC International Holdings	Marine	Hong Kong	0.44 %
Shennan Circuits Co Ltd	Electronic Components	China	0.43 %
International Container Term Services	Marine Ports & Services	Philippines	0.43 %
Abu Dhabimmercial Bank	Diversified Banks	United Arab Emirates	0.42 %
Dubai Islamic Bank	Diversified Banks	United Arab Emirates	0.41 %
Anglo Platinum	Precious Metals & Minerals	South Africa	0.40 %
China Resources Eterprise	Brewers	Hong Kong	0.38 %
Vale Rio Doce	Steel	Brazil	0.38 %
Nuvero Grupo Mexico	Diversified Metals & Mining	Mexico	0.38 %
United Laboratories International Holdings	Pharmaceuticals	Hong Kong	0.37 %
Chroma ATE Inc	Electronic Equipment Manufacturers	Taiwan, Province Of China	0.36 %
Shoprite	Food Retail	South Africa	0.36 %
Meituan Dianping	Restaurants	China	0.35 %
Fomento Economico Mexico	Soft Drinks	Mexico	0.35 %
Hanmi Semiconductor Co Ltd	Semiconductor Equipment	Korea, Republic Of	0.34 %
KE Holdings Inc	Real Estate Services	China	0.33 %
TVS Motor Co Ltd	Motorcycle Manufacturers	India	0.32 %
Rural Electrification	Specialized Finance	India	0.32 %
Wal-Mart De Mexico	Hypermarkets & Super Centers	Mexico	0.31 %
Manila Water	Water Utilities	Philippines	0.30 %
Absa Group Ltd	Diversified Banks	South Africa	0.30 %
Energetica de Minas Gerais	Electric Utilities	Brazil	0.28 %
Asustekmputer	Technology Hardware, Storage & Peripherals	Taiwan, Province Of China	0.28 %
Promotora y Operadora de Infraestructura	Highways & Railtracks	Mexico	0.28 %
Bloks Group Ltd	Leisure Products	China	0.27 %
Cia de Bebidas das Americas	Brewers	Brazil	0.25 %
MakeMyTrip Ltd	Internet Retail	India	0.24 %
Petro Rio SA	Oil & Gas Exploration & Production	Brazil	0.23 %
Akbank TAS	Diversified Banks	Turkey	0.22 %
HDFC Bank Ltd	Diversified Banks	India	0.22 %
Indian Hotels	Hotels, Resorts & Cruise Lines	India	0.22 %
Bank Of Philippine Islands	Diversified Banks	Philippines	0.22 %
Dixon Technologies India Ltd	Consumer Electronics	India	0.21 %
Gambol Pet Group Co Ltd	Package Foods & Meats	China	0.20 %
Rumo SA	Railroads	Brazil	0.19 %
Yum China Holdings Inc	Restaurants	China	0.19 %
Prime View International Co Ltd	Electronic Components	Taiwan, Province Of China	0.15 %
Southern Copper	Copper	United States	0.15 %
Varun Beverages Ltd	Soft Drinks	India	0.08 %
UBTech Robotics Corp Ltd	Electrical Components & Equipment	China	0.07 %
Centralstanera	Electric Utilities	Argentina	0.00 %
Fund Holdings: 121
Show all Top 10 Holdings

Distribution by country

Distribution by industry

Industry	Proportion	Change (%-Points)
Information Technology	23.78 %	-2.65 %
Financials	23.47 %	0.48 %
Telecommunication Services	12.12 %	0.99 %
Consumer Discretionary	10.62 %	-1.68 %
Industrials	8.26 %	4.08 %
Health Care	6.63 %	0.20 %
Consumer Staples	4.60 %	-1.78 %
Materials	4.03 %	0.90 %
REIT	2.42 %	-0.53 %
Other	4.08 %	0.35 %

Distribution by country

Country	Proportion	Change (%-Points)
China	27.42 %	0.71 %
India	18.01 %	-3.04 %
Taiwan, Province Of China	16.69 %	-1.00 %
Korea, Republic Of	10.04 %	2.94 %
Brazil	5.19 %	0.77 %
South Africa	3.84 %	-0.31 %
Hong Kong	3.01 %	2.46 %
United Arab Emirates	2.92 %	-0.09 %
Saudi Arabia	2.69 %	-0.29 %
Other	10.19 %	-1.23 %

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Risk

Lower risk

Higher risk

Potentially lower rewards

Potentially higher rewards

Risk Scale

The risk indicator indicates the fund's risk level compared to other products. The classification may change and is not necessarily a reliable indicator of the future risk profile.

Historical return fluctuations p.a.

Distribution by issuer

Distribution by issuer	Proportion
Mortgage bonds
Government bonds
QUASI-soverreign
Company
Cash

Fees and Expenses

Fees and Expenses	Running approx.	Indirect Trade Cost	Subscription	Redemption
Global EM Equities EUR Acc	1.53 %	1.05 %	5.32 %	0.39 %

Key Information

Key Information per. 30/6-25

ISIN	DK0060647444
Danish VP Code	6064744
Inception of Share Class	15.09.2015
Benchmark	MSCI Emerging+Frontier Market
Listed	No
Accumulated	No
AGM (annual general meeting)	27.03.2025
Rec. investment horizon	Min. 5 years
Portfolio Manager	Jesper Engedal
Base currency	EUR

Expected annual costs	1.53 %
Indirect Trade Cost	1.05 %
Share Class Assets (m)	8 EUR
Total Assets (m)	1,508 EUR
Denomination	10
Tax rate 2023	44.16 EUR
NAV ultimo June 2025	43.96
Tax Rate	-
Fund Holdings	120
Income type	Capital income
Taxation	Stock taxation

Dividend (2024)	-
Year to Date	-0.45 %
Active Share	59.9
Tracking Error	3.7 %
Deviation + (1 year) (per. 28/5-25)	12.16
Deviation + (3 years) (per. 28/5-25)	14.59
Sharpe Ratio (3 Years) (per. 28/5-25)	-0.09