Danish equities returned 14.3% for the average equity fund investor in Denmark during the first half of 2017, according to data published by the Danish Investment Fund Association (IFB).
This return rate led all sector categories – even as most equity fund categories provided positive returns. China, the Far East and the Nordic region also provided strong equity fund returns, while North America and Easter Europe were laggards.
Currency volatility was one reason for the relatively poor performance of North American equity, IFB added; the dollar shed some 7.5% against DKK since the start of the year, cutting into returns converted into the Danish currency. Swings in exchange rates also affected global equity strategies in June, IFB suggests. European equity funds shed some 2.4% in June alone.
By contrast, returns from fixed income were dominated by emerging markets and non-investment grade bonds. Danish bonds, considered a relative safehaven, by contrast were among the sectors that returned least from this asset class.
Further data from IFB points to the following funds available in the Danish market providing among the best year-to-date returns:
|Fund||% return YTD|
|Danske Invest Europa Small Cap, klasse DKK d||20.84|
|Danske Invest Europa Small Cap – Akkumulerende, klasse DKK||20.70|
|C WorldWide Asien KL Klasse A||19.03|
|BankInvest Asiatiske Aktier A||17.72|
|SEBinvest AKL Europa Small Cap P||17.68|