Amendments to regulations of Danske Invest funds
On 26 November 2019, the Board of Directors of Danske Invest Fund Management Ltd decided to amend the regulations of all funds managed by Danske Invest Fund Management Ltd. On 27 January 2020, the Finnish Financial Supervisory Authority approved the amendments to the regulations of investment funds and to general regulations. Danske Invest Fund Management Ltd sent the amendments to the regulations of AIF funds to the Finnish Financial Supervisory Authority for information on 9 December 2019.
| Investment funds | |
| Danske Invest China Fund | Danske Invest Compass Liquidity Fund |
| Danske Invest Euro Government Bond Index Fund | Danske Invest Compass Equity Fund |
| Danske Invest Euro High Yield Fund | Danske Invest Liquidity Fund |
| Danske Invest Euro Corporate Bond Fund | Danske Invest MediLife Fund |
| Danske Invest Europe Small Cap Fund | Danske Invest Neutral Fund |
| Danske Invest European Equity Fund | Danske Invest Bond Fund |
| Danske Invest Europe High Dividend Fund | Danske Invest USA Equity Factors Fund |
| Danske Invest European Balanced Fund | Danske Invest Russia Fund |
| Danske Invest India Fund | Danske Invest Finnish Small Cap Fund |
| Danske Invest Eastern Europe Convergence Fund | Danske Invest Finnish Equity Fund |
| Danske Invest Japanese Equity Fund | Danske Invest Finland Dividend Plus Fund |
| Danske Invest Emerging Markets Equity Fund | Danske Invest 2030 Fund |
| Danske Invest Sustainability Equity Fund | Danske Invest 2040 Fund |
| Danske Invest Compass 25 Fund | Danske Invest Technology Index Fund |
| Danske Invest Compass 50 Fund | Danske Invest Institutional Liquidity Fund |
| Danske Invest Compass 75 Fund | Danske Invest Institutional Liquidity Plus Fund |
| Alternative investment funds | |
| Danske Invest Eliksir (AIF) | Danske Invest Europe Enhanced Index (AIF) |
| Danske Invest Emerging Markets Debt (AIF) | Danske Invest High Yield (AIF) |
The amendments to the regulations of investment funds and AIF funds enter into force on 18 March 2020.
Key amendments to fund regulations:
• The structure of the fund regulations will be amended so that the fund regulations consist of fund-specific regulations and general fund regulations.
• Fund unit holders’ annual general meetings will no longer be held.
• No physical certificates of fund units will be given.
• Fund subscription limits will be specified and fund management companies will have the right to redeem the fund units of fund unit holders without a redemption order issued by a fund unit holder in situations specifically defined in the regulations.
In addition to the aforementioned amendments, a number of other specifying technical amendments and amendments resulting from regulatory requirements have been made to the fund regulations. Fees and investment policies of funds will remain unchanged.
Unit holders are not required to take any action in conjunction with the aforementioned amendments. Danske Invest Fund Management Ltd will inform fund unit holders of the amendments to the regulations on its website at www.danskeinvest.fi.
The new rules, taking effect on 18 March 2020, will be available as of 18 February 2020 at www.danskeinvest.fi, in Danske Bank branches and in the Customer Service at +358 200 20109, Monday–Friday, 8 am – 8 pm (local/mobile charges apply).
Danske Invest Fund Management Ltd
Board of Directors
