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Sparinvest's index fund range under pressure as price war bites

Now that Danske bank has lowered the prices on its index funds, Sparinvest may be forced to do the same, writes Finans.

Peter Kjærgaard, chief investment officer and head of Nykredit wealth management. | Photo: PR/nykredit

Danske bank recently reduced costs on a number of its index funds, and that might push prices down across the Denmark's leading provider of index funds, Sparinvest, which was acquired by Nykredit last year, Finans reports.

"We will see a squeeze on prices, but we also need to make sure that we are creating the best possible products, all the time. There are always other companies ready to offer our customers other solutions. We will do what is needed to take advantage of Sparindex's strong brand and help it to develop further," says Peter Kjærgaard, who is chief investment officer and head of Nykredit Wealth Management.

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