Asset manager Formuepleje has decided to merge its Danish equity and global equity funds, as the Danish equity market offers too little diversification.
"It is a very narrow investment universe, and we therefore think that investors will get much more value for their investments with a more diverse global equity portfolio," Søren Astrup, managing director at Formuepleje, says to AMWatch's sister site FinansWatch.dk.
More from AMWatch
95 percent of active global high-yield managers struggle to consistently add value net of fees, according to the world's fourth-largest asset manager ahead of launching a global HY index fund. However, a recent survey by consultancy Kirstein showed a vast majority of Nordic investors preferring their HY portfolios actively managed.