Danish annual report highlights move into equities
Central bank moves into riskier assets as part of new investment strategy
The National Bank of Denmark's latest annual report, published yesterday, sets out details of the central bank's new investment strategy, which saw it move into riskier assets.
Launched in 2014, the strategy saw the central bank invest in new asset classes, including equities, corporate bonds and government bonds rated as low as BBB–. "In the longer term, these measures are expected to boost earnings, while the aggregate portfolio risk rises only moderately due to diversification effects," the
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