Liquidation and merging of funds
We close two funds
On 23 August 2012, we close Jyske Invest Swedish Equities and Jyske Invest Global Real Estate Equities. We close the two funds as the demand for units in the funds has been on the decline for a long time.
Costs have become too high
The low demand for units of Swedish Equities and Global Real Estate Equities has resulted in too high costs for administration of the funds. We therefore find that it will be in the interest of the members to close the two funds and offer the members to join a larger fund with more members to share the costs.
How will this affect the members of the two funds?
For members holding units in the two funds, the closures will cause their units to be redeemed on 23 August 2012. Subsequently, the fund assets will be calculated and the members will be able to see the proceeds from the redemption of their units on their accounts on 28 August. The registration on the accounts can either be in the form of a specific amount or a preliminary registration. This depends on the individual member’s bank.
Ask your account manager
If you are a member of one of the two funds, please contact your account manager to learn more about other funds that may be of interest to you.
Additional information
We will update the website with additional information about the changes.
Further information
Notice of a second Extraordinary General Meeting
| Closed funds | Settlement rate | Date | Data on closed funds | |
| Funds | ISIN code | |||
| Jyske Invest Swedish Equities | DK0016260862 | SEK 235,11 | 23.08.2012 | PDF of fund profile |
| Jyske Invest Global Real Estate Equities | DK0060073922 | EUR 83,92 | 23.08.2012 | PDF of fund profile |
Conversion of Jyske Invest Eastern European Equities
The Danish Financial Supervisory Authority has approved the conversion of Jyske Invest Eastern European Equities into Jyske Invest Russian Equities. From now on, the name of the fund is therefore Jyske Invest Russian Equities, and its investment universe is Russian equities.
With the conversion, the fund changes its investment strategy but the change is limited as the fund’s portfolio was already composed of two thirds of Russian equities before the conversion. The conversion is of no practical importance to investors in the fund, except that the name and investment strategy of the fund have been changed.
Additional information
We will update the website with additional information about the changes.