The National Bank of Denmark published an update showing Danish households have increasingly invested in securities via foreign exchange-traded funds (ETFs). Since 2024, households have invested DKK 11.6 billion in these funds, compared with DKK 2.6 billion in traditional investment funds excluding dividend payments, while selling shares and bonds worth nearly DKK 21 billion over the same period. Most household purchases of foreign ETFs have been in equity-based funds tracking indices such as MSCI World or the S&P 500. Despite the strong demand, ETFs accounted for 4.6% of households’ total securities holdings as of July, and most household investments in traditional investment funds were in actively managed funds even though some also track equity indices.
National Bank of Denmark 2025-08-28
National Bank of Denmark reports DKK 11.6 billion Danish household inflows into foreign ETFs since 2024
The National Bank of Denmark reports a significant shift in Danish household investments towards foreign exchange-traded funds (ETFs), with DKK 11.6 billion invested since 2024, compared to DKK 2.6 billion in traditional funds. Households have sold nearly DKK 21 billion in shares and bonds during this period. Despite strong demand, ETFs represent only 4.6% of total household securities holdings as of July.