Janus Capital Group says it has been registered as the largest fund provider on Denmark’s new DKK43bn (e5.8bn) Folkebørsen investment platform.
Other providers include Alfred Berg, Baring, Carnegie, Credit Suisse, Dexia, JP Morgan, Jyske, Morgan Stanley, Nykredit, Pimco, Schroder, SEB and UBS. The platform launched at the start of 2005 and will be Denmark’s largest unit-linked scheme.
The idea is that account holders will be able to invest their savings in collective investment schemes via an internet portal.
Each collective investment scheme corresponds to investment in units in a certain investment undertaking. It is up to the investment undertakings to decide whether to join the scheme.
Janus said: “With assets of more than DKK43bn the new platform will allow Danish investors, under the Danish government-sponsored Special Pensions Savings Scheme (Særlig Pensionopsparing), to choose from a range of approximately 200 Danish and foreign funds, including an initial 12 Janus World Funds.”
The Special Pensions Savings Scheme forms part of the Danish statutory pension schemes. Assets under the scheme are currently managed by the Danish Labour Market Supplementary Pension Scheme ATP.