Danish pension firms are investing more beyond national borders, reports domestic business daily Børsen in reference to data provided by sector lobby Insurance & Pension Denmark.
At the close of Q3'20, DKK 1.063trn (EUR 143bn) were placed in Danish assets, up roughly 2 percent against late 2018. Investment in foreign assets increased by almost 27 percent to DKK 1.821trn (EUR 245bn), the media writes.
"I don't think Denmark has become too small a country. Rather, I simply believe that something has happened with the way we invest," AP Pension Chief Investment Officer Ralf Magnussen tells Børsen.
English Edit: Daniel Frank Christensen
(This article was provided by our sister media, FinansWatch)