Fund launches & closures

Danske launches UCITS mirror fund

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Danske Capital is launching a Luxembourg-domiciled UCITS version of its offshore European long/short directional fund.

No launch date for the UCITS version of the Danske Invest European Equities Absolute Fund has been confirmed yet, but the fund will mirror the Guernsey-domiciled version of the fund which will remain open to investment.

The long/short fund invests in European equities and seeks to targets an absolute return of 6% to 8% above Euribor per year and seeks to protect capital.

A representative from Copenhagen-based Danske Capital says: “We are a launching a UCITS version of the offshore fund because of demand