Danske Bank Asset Management er en international kapitalforvalter og en del af Danske Bank koncernen.

Danske Bank Asset Management er hoved porteføljeforvalter for Danske Invest. I sin porteføljeforvaltning fokuserer Danske Bank Asset Management sine ressourcer på udvalgte kerneområder. Disse områder omfatter nordiske aktier, europæiske aktier, nordiske obligationer,  danske obligationer, globale indeksobligationer, obligationer fra nye markeder udstedt i EUR og USD samt udvalgte indeksbaserede investeringer. Danske Bank Asset Management forvalter også hedge- og alternative investerings-fonde. Porteføljeforvalter kan indgå aftale om samarbejde med andre selskaber om kapitalforvaltning.

• Seneste rapportering pr. Mar. 2025

  In February, Danske Invest Hedge Fixed Income Strategies provided a return of 0.90%. Year to date, the return is 3.37%
  
  February was a mixed month for risky assets with US equities declining while European equities was faring better ending up on the month. There is increasing evidence of a slowdown in economic activity in the US while leading indicators for Europe has been surprising to the upside recently. The labour market remains solid in both US and Europe. 
  
  2025 has the potential to be very interesting. Market focus remains centred on new announcements from Trump on tariffs and countermeasures from in particular EU, Mexico, Canada and China. Uncertainty regarding the rate path from both the ECB and the Fed remains high. 
  
  A significant development occurred on the last Friday of the month at the White House, where President Trump and President Zelensky held discussions about the situation in Ukraine. The meeting has been widely discussed, and it is fair to say that its outcome has left investors deeply concerned about the future of foreign and security policy.
  
  Covered bonds, curve trades, cross-currency swaps and country spreads were all investment areas that contributed very nicely with positive performance during the first 2 month of 2025. Some of our protection trades had a more difficult start of the year and gave a negative return.
  
  Looking into the rest of 2025, there are still many attractive investment opportunities, and the expectation is for the fund not just to reach the target return (risk-free rate + 3%-5% per year), but we find it realistic that we will outperform the target return going forward.
  
  Geopolitically, there remains significant uncertainty, with the conflict in Israel/Gaza and in particular the Ukraine/Russia war drawing substantial attention. Tensions with China also continue to be a focal point concerning the geopolitical situation.
  
  On the positive side, it also appears that the regulation, which regularly affects banks, continues to reduce the different banks' risk appetite. Going forward, we expect this scenario will provide us with attractive opportunities as investors.
  
  At the end of February, the portfolio risk level (in terms of Value-at-Risk) is approximately 25% below our maximum risk limit, which is an increase since the beginning of the month.
  
  Historiske afkast er ikke en pålidelig indikator for fremtidige afkast. Bemærk, at månedlige procentafkast er ikke-additive