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Danish pension firms boost foreign investments

Denmark's pension companies have increased their proportion of investments in foreign assets.

AP Pension Chief Investment Officer Ralf Magnussen. | Photo: PR/AP Pension

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)

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