137

News

Danish equity funds reach impressive milestone

Christian Wenande
January 17th, 2022


This article is more than 2 years old.

In 2021, wealth in Danish equity funds geared towards private investors surpassed the 500 billion kroner mark

Growing their fortunes (photo: Pixabay)

According to figures from bank and asset management association Finance Denmark, Danish equity funds aimed at private investors reached and breached the 500 billion kroner mark for 2021.

More specifically, the figure landed on 501 billion kroner – a 28 percent increase (111 billion kroner) compared to the previous year. 

“The funds are an essential aspect of the savings of many people in Denmark, and that is reflected in the considerable fortunes that the funds manage,” said Kåre Valgreen, the head of investment and savings for Finance Denmark.

READ ALSO: Denmark’s economy has outperformed everyone

Investments galore
According to the association, the principal reason for the increase is the total return on investment being 94 billion kroner for last year. 

The biggest returns among equity funds in 2021 were within the North American and Global share categories, which saw increases of 33 and 28 percent respectively. 

The European and Danish share categories also delivered, providing average returns of 25 and 20 percent, while Emerging Markets saw returns of 2 percent (see image below).

(photo: Finance Denmark)

Aside from the returns, overall fortunes in the funds were driven up by investor acquisitions to the tune of 29 billion kroner net. 

In comparison, that figure was at 6 billion kroner in 2019 and 24 billion kroner in 2020.

“Over the past couple of years, people in Denmark have really turned to investing,” said Valgreen.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”