Liquidation of seven funds
The members in general meeting of Investeringsforeningen Jyske Invest International have adopted the motion to liquidate seven funds:
- Jyske Invest Danish Bonds CL
- Jyske Invest Emerging Market Bonds CL
- Jyske Invest Emerging Local Market Bonds CL
- Jyske Invest Emerging Market Equities CL
- Jyske Invest Income Strategy CL
- Jyske Invest Balanced Strategy (NOK) CL
- Jyske Invest Aggressive Strategy (secondary name – Jyske Invest Favourite Equities) CL
The demand for certificates of the funds has been and is still expected to be declining.
It is the assessment of the Supervisory Board that the low value of the assets makes it difficult for advisers to implement the intended investment strategy, and therefore it is in the interest of investors that the funds are liquidated. Consequently, it was proposed to liquidate the funds in the course of the spring of 2023.
What does this mean for investors in the funds?
For investors with certificates of the discontinuing funds this means that their certificates will be redeemed and the proceeds from the sale will be deposited into the investors' accounts. Redemption will take place at the price of the certificates at the statement date.
The liquidation was be submitted for adoption at an extraordinary general meeting on 8 February 2023. The period of notice is expected to run up to and including 9 May 2023.
We expect to follow the schedule below.
- 8 February 2023: Issue and redemption in the funds will be discontinued.
- 9 May 2023: Settlement date - the value of the certificates at the end of the day will determine the value to be paid out.
- 12 May 2023: The liquidation will be registered in VP Securities' systems.
|Fund name||ISIN code||Liquidation price||Currency||Date|
|Jyske Invest Danish Bonds CL||DK0016260003||223,306609
|Jyske Invest Emerging Market Bonds CL||DK0016272446||418,340397
|Jyske Invest Emerging Local Market Bonds CL||DK0060009751||166,345369
|Jyske Invest Emerging Market Equities CL||DK0016260193||210,358572
|Jyske Invest Income Strategy CL||DK0016261670||41,816195
|Jyske Invest Balanced Strategy (NOK) CL||DK0060129815||13,38462
|Jyske Invest Aggressive Strategy (secondary name – Jyske Invest Favourite Equities) CL||DK0016262488
Ask your adviser
If you have certificates in one of the discontinuing funds, please contact your investment adviser to learn more about other funds that may be of interest to you.
We will on an ongoing basis update the website with additional information about the changes.