In August Danish investors bought foreign shares and bonds and foreign investors bought Danish shares and bonds.
It was mainly euro investors who purchased Danish bonds, while Swiss investors sold off.
Despite the net purchase of Danish bonds, the foreign ownership share dropped slightly in August to 17.4% from 18.1% in July.
Foreign investors bought government bonds and treasury bills and sold mortgage bonds.
The past two months' net purchase of treasury bills by foreign investors has more or less evened out the June sell-off. Of the total stock 85.9% is now held abroad - up from 65.6% in June.
Of the total stock of mortgage bonds 12.9% is held by foreign investors. It makes up 54% of the portfolio of DKK-denominated bonds held by foreign investors -- an increase from 47% one year ago.
Foreign investors mainly hold bonds with a low remaining maturity. Bonds with a remaining maturity of less than one year make up 43.2% of the total portfolio.
Hence, foreign investors' appetite for Danish bonds looks more or less unchanged, which is supportive for DKK and may help explain why there has not been pressure on the Danish peg since January.
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