The benchmark equity index hit an all-time high in mid-February but then fell towards end-February due to rising interest rates.
Global equities gained 2.4% in local currencies and 2.7% translated into DKK according to MSCI ACWI. In February the increases were led by MSCI DM, up by 2.6%, while MSCI EM rose by 1% in local currencies. The rising interest rates created large differences in return across sectors. Equities relating to Energy/Materials and Financials/Insurance obtained the highest return, while equities relating to Utilities, Technology and Health generated the lowest returns.
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