AMWatch

Only a few Danish fund managers have outperformed the global equity market in the past decade

Just a small handful of actively managed Danish funds have been able to beat the market development in global equities over the past ten years. Major banks' mutual fund providers have underperformed and while one savings bank's fund, working on performance fees, ranks lowest, a well-known value fund ranks among top performers.

To the left is Maj Invest Head of Global Value Equities Kurt Kara. | Photo: Bidstrup Stine/Ritzau Scanpix

Over the past decade, no more than four actively managed Danish mutual fund providers with a global equity strategy have been able to beat the benchmark that they were born to beat, reveals a report by AMWatch's sister site FinansWatch based on data from investment analysis firm Morningstar.

"The number of quality funds is low. We generally observe a minority of funds beating the market, which makes it hard for investors to identify successful funds. Adding to the complexity is the fact that historically successful funds don't necessarily continue to succeed," says independent investment adviser Nikolaj Holdt Mikkelsen.

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