The Danish Investment Association, part of Finance Denmark, has highlighted figures published by the European Fund and Asset Management Association (Efama), suggesting that within the context of recovery in the region's fund market since the financial crisis of 2008, Danish funds have taken a growing market share.
Between 2008-2018, the value of assets represented by Efama's membership rose from some €5.5trn to €12.5trn - a gain of some 127%.
However, Denmark's gain has been more marked in proportional terms: over the period assets there rose from some €98bn to €273bn, a near trebling, which means Danish funds have increased their share from 1.6% to 1.9% of the total as of 2017, the Investment Association stated.
Birgitte Søgaard Holm, head of Investments & Savings at Finance Denmark, said: "The growth in European investment funds surpases by some measure broader economic growth over the same period, and the importance of funds for investments and savings are therefore bigger today than 10 years ago. For investors, investment funds have great value, as they secure good spread of risk and the opportunity to invest in equities that one as a private investor does not have access to."
The Investment Association adds that according to Efama calculations the European investment fund industry employs up to 110,000 workers. Research from France suggests that for every directly employed in the industry there are 4.6 other jobs created in related industries. Efama suggests that on such a basis there are up to 610,000 people employed directly or indirectly in asset management.
In Denmark, the Investment Association calculates that some 2,000-2,500 people are employed directly in full time roles. But extrapolating the French finding to Denmark suggests that between 9,200-13,200 people are employed full time directly or indirectly.