New research from Danske Bank Markets
In September, Danish investors net purchased foreign shares for the third consecutive month.
Foreign investors net purchased Danish shares and government bonds and net sold Danish treasury bills and mortgage bonds - the net selling of mortgage bonds can, however, mainly be attributed technicalities regarding the maturity of short-term mortgage bonds.
In nominal terms, foreign investors now hold DKK26bn in treasury bills, which amounts to 81.2% of the total stock - down from 85.9% in August, but up from 65.6% in June.
Foreign investors hold DKK231bn in government bonds which is 34.1% of the total stock - the highest share since October last year.
With regard to mortgage bonds, foreign investors currently hold DKK313bn, which is 11.9% of the total stock of mortgage bonds.
Bonds with a remaining maturity below one year make up the largest share of the bonds held by foreign investors. In September, it amounted to 39.8% of the total stock of bonds held by foreign investors.
Overall, foreign investors' appetite for Danish bonds does not look to have changed significantly in September.
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