Market Guide: Retail Investment Market in Denmark 2006: Industry Research Report

Market Guide: Retail Investment Market in Denmark 2006

Published Date: May 2007

Published By: Datamonitor

Page Count: 28

Order Code: R313-21971

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Summary
Executive Summary: The Danish retail savings and investments sector has grown at a compound annual rate of 12.9% in the last 5 years; however a reduced rate of growth is expected between 2006 and 2010; Household portfolios will see increased allocations to mutual funds and equities between 2006 and 2010; Legislation aimed at improving investor confidence and consumer protection imposes additional obligations on providers; The leading Danish banks and asset management companies control more than 70% of their respective markets; The top two banks also lead the Danish mutual funds sector; Table of Contents; Table of figures; Table of tables
MARKET OVERVIEW: Between 2001 and 2005, the Danish retail savings and investments market experienced compound annual growth of 12.9%, driven primarily by growth in mutual funds and equities; Retail assets outstrip non-retail holdings in the deposits and mutual funds markets; Deposits account for just under half of the Danish retail savings and investments market; Since 2001, mutual funds have accounted for a growing proportion of household wealth
MARKET FORECASTS: Household portfolios will see increased allocations to mutual funds and equities between 2006 and 2010; Mutual funds will continue to account for an increasing proportion of household wealth
MARKET REGULATION: Legislation aimed at improving investor confidence and consumer protection imposes additional obligations on providers; The Danish Financial Supervisory Authority regulates the savings and investments sector; For banks and investment companies, Basel II capital adequacy requirements imply additional investment in risk management expertise and in IT systems to calculate risk; Anti-money laundering legislation implies an additional administrative burden for banks; New legislation updates the regulations on collective investments and financial services providers; Investment firms are subject to client money requirements; Foreign collective undertakings are subject to DFSA control and require marketing approval; Upcoming EU legislation (UCITS directive and MiFID) facilitates market development and enhances consumer protection
COMPETITIVE MARKET STRUCTURE: The leading Danish banks and asset management companies control more than 70% of their respective markets; Domestic institutions comprise the largest segment of the Danish banking sector, by number; The top 5 banks control 71% of the banking market, measured by total assets; The top 5 asset managers control 78% of the mutual funds market, measured by assets under management
MARKET LEADERS: The top two banks also lead the Danish mutual funds sector; Danske Bank & BG Bank lead the Danish banking sector; Danske Invest is the mutual funds market leader; Nordea Bank trails the market leader in the Danish retail banking market; Nordea Invest ranks second in the mutual funds sector; Jyske Bank ranks third among banks; Nykredit Portefolje Administration is the third largest asset manager; FIH Group (Kaupthing Bank) is the fourth largest Danish bank by total assets; BankInvest ranks fourth among asset managers, by AuM; Sydbank rounds out the banking market leaders; Investeringsforeningen RHAM Value Partner has the fifth-highest mutual funds market share
APPENDIX: Asset manager / Asset management company; Bank; Collective Investment Scheme; Friendly society; Fund of funds; Hedge fund; Investment company; ISA; Non-retail market; Retail market; SICAF; SICAV; UCITS; Further reading; Savings and Investments SPP; Interactive Databases; Reports; Related Global Wealth Service SPP Reports; Interactive Databases; Market Reports; Strategic Insight Reports; Wealth Management Competitor Tracker; Ask the analyst; Datamonitor consulting; Disclaimer
List of Tables: Table 1: Total Savings & Investments segmented by retail v institutional, DKKm, as at Dec 2005; Table 2: Total Savings & Investments segmented by retail v institutional, in percentages, as at Dec 2005; Table 3: Retail Savings & Investments, segmented by asset class, DKKm, as at Dec 2005; Table 4: Retail Savings & Investments, segmented by asset class, DKKm, 2001 - 2005; Table 5: Retail Savings & Investments, segmented by asset class, in percentages, 2001 - 2005; Table 6: Retail Savings & Investments, segmented by asset class, DKKm, 2006 - 2010; Table 7: Retail Savings & Investments, segmented by asset class, in percentages, 2006 - 2010; Table 8: Number of banks segmented by type, as at Dec 2005; Table 9: Top 5 banks by total assets, as at Dec 2005; Table 10: Top 5 asset management companies by assets under management (AuM), as at Dec 2005
List of Figures: Figure 1: Retail assets account for more than half of deposits and mutual funds, but less than one-fifth of equity and bonds; Figure 2: Deposits and mutual funds together account for roughly 80% of retail savings; Figure 3: Deposits account for the single highest proportion of household assets, but the proportional value of mutual funds has been increasing; Figure 4: The decline in household assets in deposits will be offset by increases in assets in mutual funds and equities; Figure 5: Danish banks and savings banks account for 86% of the market, by number; Figure 6: Danske Bank & BG Bank lead the banking sector, with a market share of 38%; Figure 7: Danske Invest accounts for 24% of the mutual funds (investment associations) market

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