Market data published by the Danish Investment Fund Association (IFB) point to industry assets rising to DKK1.974trn (€265bn) by the end of 2016, driven in part by significant net inflows from retail investors, which hit DKK55.5bn (€7.46bn) over the year.
Some 832,000 Danes own shares in investment funds, IFB says, which is a gain of some 42,000 over the past year, and the highest number in five years.
Retail assets in funds hit DKK822bn (€111bn), while assets in institutional funds hit DKK1.102trn (€148bn). Assets in funds targeting foreign investors rose to DKK50bn (€6.7bn).
Retail investors in the country also gained from market gains of some DKK45.4bn (€6.1bn) on their investments, with investors in foreign equities making gains of some DKK19.9bn (€2.67bn).
Investors in funds targeting retail investors also benefitted from dividend payments of some DKK34.4bn (€4.6bn), the biggest such dividend payments ever recorded, IFB said. Danish funds tend to be vehicles listed on the local stock market, and which pay out annual dividends.
Equity funds were the most popular category, attracting some DKK25bn (€3.4bn) of net investments. Within this, global equity was the most popular category, IFB added.
Click here to read the full annual report from IFB (in Danish): Markedsstatistik2016E