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Professional investors missed out on market recovery

From mid-February and a month ahead, the stock market took a plunge as a result of the corona pandemic – but then the recovery came.

Photo: PFA

Recent months' recovery in the stock market surprised several professional investors and pension funds, which, as a result, missed out on potential returns, writes Danish newspaper Jyllands-Posten Erhverv.

A survey by the Bank of America among asset managers reveals that managers had a record-high cash balance while the stock market went through a recovery.

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