The Danish investment funds' 2008 status: a miserable year for shares - but Danish bond funds had the best performance since 2002

The financial crisis did indeed strike the equity market. The equity funds' performance varies from minuses of approximately 70 per cent in few specialized funds to plusses of 3 per cent in one fund. Typical equity funds fell 40 - 50 per cent. Bond funds did perform better - and Danish long term bonds finished with plusses of 8 - 9 per cent in the best performing funds. This is the best performance in this area since 2002.

Declining AUM

The industry's AUM fell from DKK 919bn. to DKK 676bn. - and with this fall, 2008 was the first year with decline in the AUM since 1990. During 2008, the number of private investors fell from approximately 875,000 to 850,000.