Knowledge at work
Welcome
Fixed Income Seminar
Danske Bank International
8th February 2011
Knowledge at work
Danske Invest »Fixed Income Seminar«
AGENDA
09:00 - 09.05
Introduction
Senior Client Manager
Jeanette Bak
09:05 - 09:25
9:25 -10:05
Mortgage Bonds
Clief Portfolio Manager
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Corporate Bonds
Michael Petry
Chief Portfolio Manager
Andreas Dankel
10:05 -10:10
Short Break
10:10 -10:40
Index Linked Bonds
Senior Portfolio Manager
Søren Mose
10:40 -11:20
Hedge Fixed Income
Clief Portfolio Manager
Michael Petry
11:20 -11:30
Asset Allocation
Senior Analyst
Anders Wagner
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Danske Invest »Fixed Income Seminar«
AGENDA
13:00 - 13.05
Introduction
Senior Client Manager
Jeanette Bak
13:05 - 13:25
13:25 -14:05
Mortgage Bonds
Clief Portfolio Manager
Knowledge at work
Corporate Bonds
Michael Petry
Chief Portfolio Manager
Andreas Dankel
14:05 -14:10
Short Break
14:10 -14:40
Index Linked Bonds
Senior Portfolio Manager
Søren Mose
14:40 -15:20
Hedge Fixed Income
Clief Portfolio Manager
Michael Petry
15:20 -15:30
Asset Allocation
Senior Analyst
Anders Wagner
3
Knowledge at work
Congratulations to our Investors!
Danske Invest »Best in Equities«
2009 & 2010 & 2011
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… and thank’s to our local Portfolio Managers all over the globe!
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Awards 2010
Henrik Knudsen, Danske Invest Europe Focus appointed ”Star
Manager”
M
Category
Morningstar
orningstar FI:
FI:Fund
Fundof
ofthe
the year
year Knowledge
Category
at work
DI Sustainabilit yEquit y
DI Global Emerging Markets
DI
Europa Højt
Udbytte
M orningstar
DK:
Fund of the year
DI Fjernøsten
Fonde
DI
Asia – Equit ies
Global Em. Markets – Equit ies
European
CategoryLarge Cap – Equit ies
Danish
Bonds
Asia
– Equit
ies
DI Nye Markeder
DI Europa Højt Udbytte
DI Fonde
Best equit yhouse
Global Em. Markets – Equit ies
European Large Cap – Equit ies
Danish Bonds
Global Em. Markets –Equit ies
M orningstar NO:Fund of the year
Category
Best Nordic fund (3yrs) 2010
DI Global Emerging Markets
Asia – Equit ies
Danske Invest Sustainability Equity
5
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Portfolio Managers all over the globe
- Cooperation with portfolio managers all over the world ensures that our investors benefit from local presence
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We are counting on the winners in the market!!
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DBI net sales Danske Invest week 47 – week 5 2011
Present State + 14,6 million EUR
Desired State++ 50 million EUR end March 2011
€ 20,000,000.00
€ 18,000,000.00
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€ 16,000,000.00
€ 14,000,000.00
€ 12,000,000.00
€ 10,000,000.00
DBI net sales
€ 8,000,000.00
€ 6,000,000.00
€ 4,000,000.00
€ 2,000,000.00
€€ -2,000,000.00
47
48
49
50
51
52
1
2
3
4
5
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»Proces«
What should happen?
How would you like it to happen?
Global Emerging
Markets, € 1,262,000.00
Global Stockpicking,
€ 784,000.00
GEM Small Cap,
€ 1,002,000.00
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OTHERS, € 6,069,000.00
European Equity
Absolute, €
5,501,000.00
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Knowledge at work
Meeting the fund managers and general FOCUS works!
•
•
•
•
•
59% of the funds sold were presented at our
»Best in Equities« seminar in Nov.
We look forward to helping your business grow…
Knowledge at work
…and will stay closer to your daily business in 2011…
Simpel shit!
Let’s meet some of our best portfolio managers on Fixed
Income!!
Please do not hesitate to call Danske Invest Sales &
Marketing:
+45 451 39602 for further assistance
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Knowledge at work
Disclaimer & Contact information
”This publication has been prepared by Danske Invest for information purposes only. The
presentation must be read in conjunction with the oral presentation provided by Danske Invest.
You should contact your advisor before making investment decisions based on the publication.”
Any information or opinions contained herein are not intended for distribution to or use by any
person in any jurisdiction or country where such distribution or use would be unlawful and,
specifically, are not intended for distribution to or use by any “US Person” within the meaning of
the United States Securities Act of 1933, nor any personal customer in the United Kingdom.
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Danske Invest
Strødamvej 46
DK 2100 Copenhagen
Tel. +45 45 13 96 00
Fax +45 45 14 98 03
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Return on Knowledge
Appendix: Fixed Income
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Danske Invest ultimo 2010
•
•
•
EUR 53bn in funds managed by • Market presence
the Danske Bank Group
The assets are distributed on
more than 300 sub-funds
Shift from Danish to
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Nordic/International focus
Market
share
Bank Fund
Total
Finland
13%
15%
Denmark
28%
28%
Norway
6%
4%
Sweden
6%
2%
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Market share and position in the Nordic Market
Nordic top 10 — Total AuM as of December
2010 (MEUR)
Rank
Total
Fund Group
Share
65,009
13.7%
53,178
11.2%
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51,278
10.8%
41,606
8.7%
40,378
8.5%
1
2
3
4
5
Nordea Bank
Danske Bank
Swedbank
SEB
Nykredit
6
7
8
9
10
Svenska Handelsb.
SKAGEN
OP-Funds
DnB NOR
BankInvest
22,846
18,224
14,417
13,303
10,571
Total market,
476,075
Sales
share
17.5%
4.8%
3.8%
3.0%
2.8%
2.2%
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Knowledge at work
All Danske Invest funds - relative to benchmark
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All Danske Invest funds relat ive to benchmark - Equit y funds
12%
13%
36%
All Danske Invest funds relat ive to benchmark - Balanced and other
8%
19%
21%
23%
All Danske Invest funds relat ive to benchmark - Fixed Income funds
18%
11%
5%
5%
15%
29%
16%
22%
2%
39%
6%
60%
61%
8%
25%
80%
66%
56%
71%
67%
16%
59%
79%
72%
84%
28%
36%
24%
11%
2007
2008
2009
2 0 1 0 YTD
2007
2008
2009
2 0 1 0 YTD
2007
2008
2009
2 0 1 0 YTD
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All Danske Invest funds relative to benchmark - Fixed Income funds
19%
18%
2%
39%
15%
60%
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25%
80%
67%
16%
36%
24%
2007
2008
2009
2010
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All Danske Invest funds - relative to peers
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All Danske Invest funds relat ive to peers - Equit y funds
29%
22%
22%
All Danske Invest funds relat ive to peers - Fixed income funds
17%
21%
26%
19%
26%
All Danske Invest funds relat ive to peers - Balanced and other
16%
21%
24%
45%
38%
37%
39%
26%
27%
33%
34%
35%
27%
27%
45%
32%
54%
36%
41%
39%
46%
46%
40%
58%
49%
47%
34%
24%
2007
2008
2009
2 0 1 0 YTD
2007
2008
2009
2 0 1 0 YTD
2007
2008
2009
2 0 1 0 YTD
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All Danske Invest funds relative to peers - Fixed income funds
21%
26%
19%
26%
27%
33%
34% Knowledge
at work
54%
46%
2007
40%
2008
2009
27%
47%
2010
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DBI Business target 2011 Danske Invest
Fund Holdings in DBI year end 2010
Internal 60%
External 40%
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Fund Holdings in DBI year end 2011
Internal 80%
External 20%
Status 8. February 2011
Internal 60%
External 40%
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Asset Allocation DBI ultimo 2010 (vs end Sep. 2010)
9%
13%
33%
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Equities 33% (26%)
1%
Fixed income 44% (51%)
Structured products 1% (1%)
Internal funds 13% (13%)
44%
External funds 9% (9%)
2,836 million EUR in total
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