October best for Danish funds invested in Far East, US equity

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Local funds invested in Far East and US equity typically gained 3% through October, according to the Danish Investment Fund Association (IFB).

Investments in China did best overall, gaining some 5%. By contrast, funds invested in European equities lost 1-2% on average.

Jens Jørgen Holm Møller, CEO, said: “Markets were affected by key economic data. Signals from the US economy are relatively strong, but in contrast we are finding it hard to get growth going here in Europe. This naturally affects stock markets, because international investors typically seek out the best growth outlook.”

In the area of fixed income the trend was relatively even, with most types of funds throwing off small, but positive, returns. The best Danish bond investment was long dated bonds, which gained just under 0.5% through the period. Still, Danish bonds attracted some DKK2.1bn of the total DKK2.5bn invested in local funds through the month.

Year to date investments are just below DKK30bn overall, against DKK44bn seen across 2013. Total assets of the Danish fund industry in October rose to DKK1.686trn.


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