Sparinvest INDEX Mellem Risiko KL is a Danish fund-of-funds that invests passively in a broad portfolio of Danish index-based sub-funds and exchange-traded funds, targeting an allocation of roughly 50% equities and 50% bonds. The fund can also allocate up to 10% of its assets to alternatives such as renewable energy, fibre networks, water supply, hospitals, and unlisted companies, and hedges the majority of currency risk in its bond allocation against the Danish krone while leaving equity currency risk unhedged.