Danish FSA Says Investment Industry On The Rise As Costs Fall

In a status report released Thursday, the Danish FSA reports that assets under management by the Danish fund community had grown by more than DKK 206 billion over those reported in 2004. Assets under management for 2005 topped more than

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In a status report released Thursday, the Danish FSA reports that assets under management by the Danish fund community had grown by more than DKK 206 billion over those reported in 2004.

Assets under management for 2005 topped more than DKK 777 billion, a growth that the Danish FSA attributes to the rise of restricted investment associations, which were established as a legitimate fund type in 2004.

The FSA also reports that operational costs for 2006 have fallen significantly. The FSA says the drop in operational costs also come as a result of restricted investment associations, which it says generally have lower operating costs than regular investment funds.

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