Strong risk appetite rebound in November

Appetite for risky financial assets strongly dominated November.

This trend was driven by clarification of the U.S. presidential election as well as a reversal of the virus curve in Europe. Global equities gained 11.4% in local currencies and 9.4% in DKK according to MSCI ACWI. Developed Markets took the lead with an increased return of 11.9%, while Emerging Markets yielded a return of 7.7%, both in local currencies.

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