Funds holding Chinese and Japanese equities gained 5.6% and 6.1% respectively through October, helping drive returns for Danish investor, according to data published by the Danish Investment Association (IFB).
Emerging markets funds managed to deliver an average return of 4.4% over the month, despite a negative return of 2.2% on average seen by Latin America equity funds.
Danish equity funds advanced some 1.7%, similar to broader European equity portfolios, with an equal 1.7% return. Global and North American equity funds gained 3.4%. Europe’s lower return relatively speaking was down to factors such as conflict in Catalonia in Spain, IFB noted.
In the fixed income space, local Danish bond portfolios typically returned 0.3% through the month, against investment grade funds return of 0.7% and non investment grade funds returning 0.3%. Balanced funds in the Danish market averaged returns of 1.5%.
Incidentally, balanced funds accounted for some DKK1.2bn (€282m) in net sales in October.
Total assets of private investors in funds gained DKK17.8bn (€2.4bn), while industry total assets gained DKK34.9bn (€4.7bn) to DKK2.112trn (€284bn).