Danish industry surpases DKK1.7trn in assets
Total assets managed by the Danish funds industry hit a new record by the end of 2014 of DKK1,718bn (€230.8bn), according to figures published by the Danish Investment Fund Association (IFB).
New investments hit DKK37.6bn (€5bn) and were felt across all types of funds, although greatest interest was seen in funds invested in foreign equities along with Danish fixed income, the Association said.
According to its latest analysis of fund ownership there are some 760,000 Danes who are individually invested in funds, with an average portfolio value of DKK0.5m (€67,000).
The continued net new investments and overall appreciation in the value of assets across the industry mean Denmark’s fund sector has more than doubled in value over the past decade, and it now has a 2% market share across Europe. There are now some 35 domestic providers of so-called investment associations, which are listed funds according to domestic legislation.
Nykredit, Danske Invest and PFA Asset Management are the top three domestic providers ranked by AUM.
However, ranked by net new sales Nordea Invest led the local providers, followed by Danske Invest and CPH Capital.
To read the full report on the state of the industry from the IFB, click here: http://www.investering.dk/documents/10655/157815/Markedsanalysen+2014/f8058400-647e-47ad-ab97-71e5feb1f0ca