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Formuepleje scraps Danish equity fund

Asset manager Formuepleje is dropping its Danish equity fund and merging it with its global fund. It argues that the diversification is too narrow and the risk too high to invest solely in Denmark.

L-R Søren Astrup, Niels B. Thuesen, Henrik Franck og Leif Hasager | Photo: Stine Rasmussen/ERH

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.

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