AMWatch

Bank gives private clients access to alternatives – for a price

If they are willing and able to pay a not insignificant fee, Danske Bank private clients can now invest in infrastructure, corporate loans, real estate and more through two alternatives funds.

Photo: Jens Dresling

Private investors can now invest in unlisted investments through two Danske Bank funds – if they can invest a minimum of DKK 75,000 (EUR 10,000). Investors must also pay up to 10 percent in fees for joining and leaving the funds, though these fee rates are currently set at 1 and 0 percent, respectively.

This is in addition to annual administration costs of 2.95 percent for the offensive fund, and 1.95 percent in the defensive fund, Danish financial daily Børsen reports.

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