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Four Danish SparDanmark Funds Resume Trading After Pricing Problems

Nykredit Portefølje Administration asked Nasdaq Copenhagen to halt all fund departments it manages. The association’s notice listed four affected funds.

Updated 1 min read
A pedestrian checks a phone near Copenhagen’s financial district in Denmark. (AI-generated image / EconoTimes)
A pedestrian checks a phone near Copenhagen’s financial district in Denmark. (AI-generated image / EconoTimes)

Four funds listed by Denmark’s Investeringsforeningen SparDanmark Invest resumed trading Nov. 13 after a temporary halt over pricing problems, ending a suspension that had blocked transactions in the products.

The association said in a 4:17 a.m. ET notice that Nykredit Portefølje Administration A/S asked Nasdaq Copenhagen to halt every department it manages. The administrator made the request after technical issues impaired its ability to set correct prices.

The notice listed Konservativ (ISIN DK0061530896), Balance (ISIN DK0061530979), Offensiv (ISIN DK0061531001) and Vækst (ISIN DK0061531191).

A second notice at 7:31 a.m. ET said the halt had ended, making trading available again in all four funds.

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