ConvergenceConvergence

Our Convergence product invests in shares of companies benefitting from the structural convergence taking place in the region. The universe consist of stocks listed on stock exchanges primarily in Central and Eastern Europe, excluding Russia.

Danske Capital focuses on a convergence which has been under way for 50 years. The three waves of convergence in the region are Central Europe, the Baltic States, and the Trans Balkan.
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Contact usContact us

Any enquiries or questions in regard to the products can be directed to:

Henrik Schmidt
Head of Global Business Development

Strødamvej 46
DK-2100 Copenhagen Ø
Tel.: (+45) 45 13 96 66

Send an e-mail
 

Product detailsProduct details

Danske Capital believes in convergence-driven investment opportunities implying a positive excess return in the Eastern European markets relative to the Western European markets. Still, we believe the stock selection process is the ultimate determinant of strong performance within the asset class. Therefore, we have developed an investment process in whch convergence filters are the central part in discovering companies that are able to benefit from the top-down convergence and the important trends this generates for companies in the Eastern European region.

We believe that the four most important convergence-based structural trends across Eastern Europe are: 

  • Increasing wages and prices,
  • Strong market growth,
  • More competition,
  • Efficiency improvements.