AMWatch

Manager reduces risk to lowest level in 10 years despite equity rebound

The equity market has rebounded over the past month, but at Denmark’s largest independent asset manager, Formuepleje, CIO Henrik Franck took the rally as a chance to reduce risk, as ”there is a significant risk of value drops” in the near future.

Henrik Franck, CIO, Formuepleje | Photo: PR / Formuepleje

Over the past month, optimism has returned to the equity market, with the influential S&P 500 Index soaring by 17% and the Danish C25 index jumping 14%.

The combination of significant interest rate drops and signs that inflation may be peaking in the US have contributed to the month’s boom for the market. However, not everyone is out celebrating.

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