Danish investors benefit from European equity gains
The Federation of Danish Investment Associations has said that local investors saw particular benefits from equity returns through July.
The typical Danish equity investment via local funds gained some 6% over the month, while the best investments added more than 8%.
Nordic equities did well too, but exposure to Japanese, Far Eastern and Latin American equities resulted in losses over the period, the Federation said.
Danish investors were focused on foreign equities and bonds through the month, as expressed by net inflows into the country’s investment associations.
Typically known for investing in bonds, Danes are being persuaded to look to foreign fixed income because of the onging low interest rates in Denmark – which effectively pegs its currency to the euro to reflect the overwhelming importance of the eurozone as a trading partner.