Danish equities provide best return in H1 – data

Danish equities returned 14.3% for the average equity fund investor in Denmark during the first half of 2017, according to data published by the Danish Investment Fund Association (IFB).

This return rate led all sector categories – even as most equity fund categories provided positive returns. China, the Far East and the Nordic region also provided strong equity fund returns, while North America and Easter Europe were laggards.

Currency volatility was one reason for the relatively poor performance of North American equity, IFB added; the dollar shed some 7.5% against DKK since the start of the year, cutting into returns converted into the Danish currency. Swings in exchange rates also affected global equity strategies in June, IFB suggests. European equity funds shed some 2.4% in June alone.

By contrast, returns from fixed income were dominated by emerging markets and non-investment grade bonds. Danish bonds, considered a relative safehaven, by contrast were among the sectors that returned least from this asset class.

Further data from IFB points to the following funds available in the Danish market providing among the best year-to-date returns:

Fund% return YTD
Danske Invest Europa Small Cap, klasse DKK d20.84
Danske Invest Europa Small Cap – Akkumulerende, klasse DKK20.70
C WorldWide Asien KL Klasse A19.03
BankInvest Asiatiske Aktier A17.72
SEBinvest AKL Europa Small Cap P17.68
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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