Danish stocks are world’s worst performing in 2022 rotation
After three years of outsized stock market gains, Denmark started 2022 as the world’s worst-performing country benchmark. And its lack of exposure to value sectors that are now in favor sets the scene for a tough year ahead.
By Jonas Ekblom, bloomberg
The OMX Copenhagen 25 Index is down 14 percent year-to-date, compared with a 5.5 percent drop for the Stoxx Europe 600 Index. It’s quite a turnaround after Denmark’s gauge posted an average annual return of 25 percent in the past three years.
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