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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Pensions sector responds to "unnuanced" carbon report

In a new report, NGO Mellemfolkeligt Samvirke criticized the pension sector for its DKK 22bn investments in fossil fuel expansion. An industry organization has now responded, saying the report ignores the complicated nature of the issue.

Further reading

Related articles

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch