Financial markets have been hit hard this year, and the Danish equity market is no exception. Funds that exclusively invest in Danish stocks have reported an average negative return of -16%, year-to-date, writes industry organization Finance Denmark in a press release.
”The figures tell two stories. One is that Danish equities, like all European equities, are currently hard hit by inflation, increasing interest rates, the fear of recession and the war in Ukraine. Combined, these factors have delivered a bigger gut punch to European equities than we have seen in some time,” says Kåre Valgreen, head of the Investments & Savings department at Finance Denmark.