China boost to Danish fund returns

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Better than expected performance from China helped funds invested in the Far East produce strong monthly returns for investors in Denmark through July, according to the latest monthly figures published by the Danish Investment Fund Association (IFB).

Investors in local listed fund shares (‘investeringsbeviser’) that in turn invest in the Far East saw monthly returns of up to 7%.

“The large rise in Far East equity funds is not least down to the Chinese economy doing well currently. This resulted in returns of 9-10% in the best of the industry’s Chinese equity funds. The Far Eastern funds invest more broadly, but typically have bigger investments in China, and therfore did well from the gains. Measured since the turn of the year then Far Eastern and Chinese equity funds have also offered some of the best returns, ” said IFB  CEO Jens Jørgen Holm Møller.

The worst performing equity investments through July were in the category Eastern European Equity, where valuations were pressed down by the continued political uncertainty around Ukraine and Russia. The typical fund here fell by about 3.5%. Since the start of the year they are down on average by 4%.

The area of fixed income fund ended the month relatively unchanged. Non-Investment Grade shed some -0.8% through the month.

(The chart shows median returns of equity funds since the start of the year in percentage terms. Source: IFB)

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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