Global EM Equities EUR Acc

Growth equities

17.12 %

Per 04/11/25 12:04

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 04/11/25 12:04

Today's Return +0.00 %

Return Oct: +5.39 %

Return YtD +17.12 %

NAV per. 04/11/25 12:04

NAV
Today's Return	0.00 %
Return year to date, %	17.12 %
Sell
Buy
NAV ultimo	51.72
Total Assets (m)	9 EUR

Returns - Last Update 01/11/25

Return year to date, %	17.62 %
1 Year	21.00 %
3 Years	46.99 %
5 Years	36.53 %
7 Years	71.30 %
10 Years	95.09 %

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 October	Return YtD
Latest trend	5.39 %	17.62 %
Return benchmark	5.99 %	19.28 %

Fund Holdings

Top 10 Holdings Securities	Sector	Country	Proportion
Taiwan Semiconductor Manufac	Information Technology	Taiwan, Province Of China	9.56 %
Tencent	Telecommunication Services	China	6.82 %
Samsung Electronics Prefered	Information Technology	Korea, Republic Of	6.47 %
Alibaba Group Holding Ltd	Consumer Discretionary	Hong Kong	4.56 %
Hynix Semiconductor	Information Technology	Korea, Republic Of	3.22 %
Emaar Properties	REIT	United Arab Emirates	1.84 %
Reliance Industries	Energy	India	1.66 %
Wiwynn Corp	Information Technology	Taiwan, Province Of China	1.46 %
Chinatrust Financial Holding	Financials	Taiwan, Province Of China	1.40 %
HDFC Bank	Financials	India	1.34 %
Wistron	Information Technology	Taiwan, Province Of China	1.33 %
Icici Bank	Financials	India	1.33 %
Banco Itau	Financials	Brazil	1.30 %
Bharti Airtel	Telecommunication Services	India	1.24 %
HD Hyundai Electric Co Ltd	Industrials	Korea, Republic Of	1.24 %
Gold Fields	Materials	South Africa	1.22 %
Maruti	Consumer Discretionary	India	1.22 %
Al Rajhi Bank	Financials	Saudi Arabia	1.20 %
Asia Vital Components Co Ltd	Information Technology	Taiwan, Province Of China	1.18 %
Kontanter og Diverse	Cash, derivatives etc	KONTANT	1.15 %
Picc Property	Financials	China	1.12 %
Hyundai Rotem Co Ltd	Industrials	Korea, Republic Of	1.08 %
Hyundai Heavy Industries	Industrials	Korea, Republic Of	1.07 %
Accton Technology	Information Technology	Taiwan, Province Of China	1.05 %
Bajaj Finance	Financials	India	1.02 %
Futu Holdings Ltd	Financials	Hong Kong	0.92 %
NAURA Technology Group Co Ltd	Information Technology	China	0.91 %
Fortis Healthcare	Health Care	India	0.91 %
Saudi National Bank	Financials	Saudi Arabia	0.88 %
Radico Khaitan Ltd	Consumer Staples	India	0.87 %
Bank Of China	Financials	China	0.86 %
Naspers	Consumer Discretionary	South Africa	0.84 %
Mahindra & Mahindra	Consumer Discretionary	India	0.84 %
Coforge Ltd	Information Technology	India	0.82 %
Pko Bank Polski	Financials	Poland	0.80 %
Agricultural Bank of China	Financials	China	0.79 %
China Merchants Bank	Financials	China	0.78 %
Gold Circuit Electronics Ltd	Information Technology	Taiwan, Province Of China	0.75 %
Chroma ATE Inc	Information Technology	Taiwan, Province Of China	0.74 %
Kuaishou Technology	Telecommunication Services	China	0.73 %
Dr Sulaiman Al Habib Medical Services Group Co	Health Care	Saudi Arabia	0.73 %
Contemporary Amperex Technology Co Ltd	Industrials	China	0.73 %
China Citic Bank	Financials	China	0.73 %
Luckin Coffee Inc	Consumer Discretionary	China	0.70 %
Zijin Mining	Materials	China	0.69 %
Alchip Technologies Ltd	Information Technology	Taiwan, Province Of China	0.69 %
Shennan Circuits Co Ltd	Information Technology	China	0.68 %
Tencent Music Entertainment Group	Telecommunication Services	China	0.67 %
Atour Lifestyle Holdings Ltd	Consumer Discretionary	China	0.65 %
King Slide Works Co Ltd	Information Technology	Taiwan, Province Of China	0.62 %
Sabesp Cia Saneam	Utilities	Brazil	0.62 %
Trip.com Group Ltd	Consumer Discretionary	Singapore	0.59 %
BeiGene Ltd	Health Care	United States	0.58 %
International Container Term Services	Industrials	Philippines	0.58 %
SK Square Co Ltd	Industrials	Korea, Republic Of	0.56 %
Petroleo Brasileiro	Energy	Brazil	0.55 %
WuXi AppTec Co Ltd	Health Care	China	0.55 %
Northeast Utilities	Financials	Brazil	0.53 %
Varun Beverages Ltd	Consumer Staples	India	0.51 %
Yintai Gold Co Ltd	Materials	China	0.50 %
Nuvero Grupo Mexico	Materials	Mexico	0.50 %
TVS Motor Co Ltd	Consumer Discretionary	India	0.50 %
Bank Central Asia	Financials	Indonesia	0.49 %
Firstrand	Financials	South Africa	0.49 %
Nongfu Spring Co Ltd	Consumer Staples	China	0.48 %
Allegro.eu SA	Consumer Discretionary	Poland	0.46 %
Harmony Gold Mining	Materials	South Africa	0.46 %
Gamuda	Industrials	Malaysia	0.46 %
Shenzhen Sinexcel Electric Co Ltd	Industrials	China	0.45 %
Contemporary Amperex Technology Co Ltd	Industrials	China	0.44 %
Apollo Hospitals Enterprise	Health Care	India	0.44 %
Banco de Chile	Financials	Chile	0.44 %
SITC International Holdings	Industrials	Hong Kong	0.44 %
Amber Enterprises India Ltd	Industrials	India	0.43 %
Qingdao TGOOD Electric Co Ltd	Industrials	China	0.43 %
Manappuram Finance Ltd	Financials	India	0.43 %
Cowell e Holdings Inc	Information Technology	Hong Kong	0.42 %
Dubai Islamic Bank	Financials	United Arab Emirates	0.41 %
Xiaomi Corp	Information Technology	China	0.41 %
Zijin Gold International Co Ltd	Materials	Hong Kong	0.41 %
Vale Rio Doce	Materials	Brazil	0.40 %
China Resources Mixc Lifestyle Services Ltd	REIT	China	0.40 %
Energetica de Minas Gerais	Utilities	Brazil	0.38 %
Geely Automobile Holdings Ltd	Consumer Discretionary	Hong Kong	0.38 %
Abu Dhabimmercial Bank	Financials	United Arab Emirates	0.37 %
Hindalco Industries	Materials	India	0.37 %
Shoprite	Consumer Staples	South Africa	0.36 %
Shenzhou International Group Holdings Ltd	Consumer Discretionary	China	0.36 %
UBTech Robotics Corp Ltd	Industrials	China	0.34 %
Hyundai Motor India Ltd	Consumer Discretionary	India	0.34 %
Sea Ltd	Consumer Discretionary	Singapore	0.33 %
Zomato Ltd	Consumer Discretionary	India	0.31 %
JD Health International Inc	Consumer Staples	China	0.31 %
Britannia Industries	Consumer Staples	India	0.30 %
Hua Hong Semiconductor Ltd	Information Technology	China	0.29 %
InterGlobe Aviation Ltd	Industrials	India	0.29 %
Absa Group Ltd	Financials	South Africa	0.29 %
Etihad Etisalat Co	Telecommunication Services	Saudi Arabia	0.28 %
Banorte	Financials	Mexico	0.27 %
Fomento Economico Mexico	Consumer Staples	Mexico	0.27 %
Promotora y Operadora de Infraestructura	Industrials	Mexico	0.27 %
Petro Rio SA	Energy	Brazil	0.26 %
Northam Platinum Holdings Ltd	Materials	South Africa	0.26 %
Wal-Mart De Mexico	Consumer Staples	Mexico	0.26 %
Manila Water	Utilities	Philippines	0.26 %
Hesai Group	Industrials	China	0.25 %
Dixon Technologies India Ltd	Consumer Discretionary	India	0.24 %
Cia de Bebidas das Americas	Consumer Staples	Brazil	0.21 %
RHB Bank Bhd	Financials	Malaysia	0.17 %
Prime View International Co Ltd	Information Technology	Taiwan, Province Of China	0.17 %
Southern Copper	Materials	United States	0.17 %
Akbank TAS	Financials	Turkey	0.16 %
Dino Polska SA	Consumer Staples	Poland	0.16 %
Zhejiang Shuanghuan Driveline Co Ltd	Consumer Discretionary	China	0.15 %
Pop Mart International Group Ltd	Consumer Discretionary	China	0.15 %
Rumo SA	Industrials	Brazil	0.14 %
Galaxy Entertainment	Consumer Discretionary	Hong Kong	0.10 %
Meituan Dianping	Consumer Discretionary	China	0.05 %
Centralstanera	Utilities	Argentina	0.00 %
Fund Holdings: 120
Show all Top 10 Holdings

Distribution by country

Sector distribution

Sector	Proportion	Change (%-Points)
Information Technology	30.76 %	4.33 %
Financials	18.50 %	-4.49 %
Consumer Discretionary	12.76 %	0.46 %
Telecommunication Services	9.75 %	-1.38 %
Industrials	9.19 %	5.01 %
Materials	4.98 %	1.84 %
Consumer Staples	3.73 %	-2.65 %
Health Care	3.22 %	-3.22 %
Energy	2.48 %	1.51 %
Other	4.64 %	-1.38 %

Distribution by country

Country	Proportion	Change (%-Points)
China	22.42 %	-4.29 %
Taiwan, Province Of China	18.95 %	1.26 %
India	15.41 %	-5.64 %
Korea, Republic Of	13.63 %	6.54 %
Hong Kong	7.21 %	6.66 %
Brazil	4.38 %	-0.04 %
South Africa	3.92 %	-0.22 %
Saudi Arabia	3.10 %	0.11 %
United Arab Emirates	2.62 %	-0.39 %
Other	8.36 %	-3.06 %

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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 %	1.06 %	5.32 %	0.39 %

Key Information

Key Information per. 31/10-25

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	1.06 %
Share Class Assets (m)	9 EUR
Total Assets (m)	1,843 EUR
Denomination	10
Tax rate 2023	44.16 EUR
NAV ultimo October 2025	51.94
Tax Rate	-
Fund Holdings	119
Income type	Capital income
Taxation	Stock taxation

Dividend (2024)	-
Year to Date	17.62 %
Active Share	57.6
Tracking Error	3.6 %
Deviation + (1 year) (per. 30/9-25)	12.07
Deviation + (3 years) (per. 30/9-25)	13.93
Sharpe Ratio (3 Years) (per. 30/9-25)	0.48