DKK37bn to funds in H1, reports IFB
The Danish Investment Fund Association (IFB) has reported figures suggesting Danish retail investors put a net DKK37bn (€4.96bn) into investment funds through the first half of 2015, including some DKK20.5bn in reinvested dividends from their so called investment associations.
Total assets of this investor group gained some DKK59bn on a net basis through the period, reaching DKK750bn by the end of June. Overall, the industry is managing some DKK1.848trn (€248bn) on behalf of Danish retail and institutional investors and foreign investors.
Funds invested in foreign bonds were most popular, with net sales of DKK15.5bn to retail investors. Global equities were the most popular of equity assets, attracting DKK6.3bn in net sales. However, these investors have been net sellers of all other equity classes, meaning overall net equity sales were lower at DKK3bn.
Equity funds have overall offered strong returns to investors so far in 2015, the IFB said. The average Danish equity fund has returned 23.7% against 12.7% for global equities. Bond funds apart from emerging markets debt have given investors a negative return on average over the first six months of the year.