Annual report 2006

Download the 2006 annual report here.

LD delivered a set of highly satisfactory financial results in 2006. LD Discretionary Investments thus earned an investment return of 8.6% and an interest on member accounts before tax of 9.8%. The overall result was, to a great extent, attributable to the returns on Danish listed and unlisted equities and property. The gross return on Danish listed equities was 26.3%, while the gross returns on property and Danish unlisted equities were 39.3% and 27.2%, respectively. The gross return on bond investments was 1.1%, which should be viewed in the light of the low but rising interest rate level and the relatively limited duration of the bond portfolio.