DENMARK - With US$137.4bn (e102.9bn) in assets under management, US-based Janus Capital Group Inc. has been registered as the largest fund provider on the Danish government's ‘Folkeborsen' investment platform set for launch on January 3.
Under the new platform, savers of ATP’s SP system can choose to move their funds into a new unit-linked scheme, along the lines of Sweden’s PPM system, choose to move to another pension provider, or decide to stay with the SP. SP is administered by the ATP and has e5.8bn funds under management.
When the platform is launched, Danish investors will be able to choose to invest in approximately 200 Danish and foreign funds, including an initial 12 Janus World Funds (JWF) targeting the retail market, the firm said.
Spokesperson Neal Jenkins said while the new range of funds were retail focussed, institutional investors could invest either through the institutional share class of Janus’ mutual fund range or through separate account strategies.
“As well as providing for retail investors for the first time, in many respects it will act as a window to show our capabilities also to the institutional market,” he said.
Commenting on the fund range, Henrik Rox Hansen, Janus regional director for Northern Europe said: “We see great potential for our funds in Denmark as investors look for greater exposure to global and US markets.
“The US market, representing half the world’s stock market capitalisation, is too big for Danish investors to ignore.”
Jenkins added: “It will be a good chance for us to capture a large part of the assets that Danish investors in particular will be investing in US strategies.”
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