Artikel News | 1 Min.

Risk appetite maintained in December

Towards end-2020 risk appetite still dominated financial markets.

The deteriorating virus curves in the U.S. and Europe were weighed against positive news in the areas of vaccines, relief packages and Brexit.

Global equities gained 3.8% in local currencies, according to MSCI ACWI. Translated into DKK, this was an increase of 2.3%. The development was driven by emerging markets, which were up 5% measured in DKK. These favourable trends were also observed in credit markets. Credit spreads (i.e. the yield pick-up on investment in a corporate bond relative to a government bond) of European investment grade and high-yield bonds tightened by 2 basis points and 13 basis points, respectively, in December. This led to excess returns of 0.3% and 0.9%, respectively, on the two categories relative to returns on comparable bonds. The Danish 10Y government bond yield remained unchanged at -0.5% last month.

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30. August, 2024

The initial subscription period extension for two new sub-funds

According to prospectus of Sparinvest SICAV and based on the decision of the Board of Directors of Sparinvest SICAV, the initial subscription period for the following sub-funds will be extended until 3 September 2024.

14. October, 2022

Broad-based losses in September – the first signs of systemic stress

Financial assets were dragged by broad-based losses in September, and both risk-free and risk assets were under fire. In September, financial markets also saw the first signs of stress of a more systemic nature. At end-September, Bank of England (BoE) intervened in the financial market, in response to strong market reactions to the publication of the so-called Mini-Budget ahead of the full Budget. A few days later, UK 30Y government bond yields rose by 1.5pp, and the GBP was down by just over 10% vs the USD

16. September, 2022

Risk appetite turned to risk aversion in August

In August, investor behaviour was characterised by risk appetite in the first half of the month, while renewed risk aversion dominated in the second half of the month. This development probably reflected a resumed uptrend in short-term U.S. government bond yields following a period of flatter yield trends in July. Towards the end of August, yield rises intensified against a backdrop of messages from both the Federal Reserve and the ECB reiterating the need for monetary tightening to curb inflation.