MSCI Denmark Index

Happen to bump into Denmark index and found it very interesting.

Index returns (in USD)

5 yrs = 15.65%
10 yrs = 14.19%
Since Dec, 1987 = 13.44%

If you thought the above returns were impressive wait until you see it's components.

Number of Constituents = 16
Top 10 constituents account for = 92.42%

Top one holding accounts for (drum roll) = 55.97%

The company is Novo Nordisk

Talk about diversification

See index details - here

Cheers,
Oracle.

 

Some quality Biz in that mix, DSV has been a ripper over the years. The entire Nasdaq Copenhagen exchange only has about 100-150 listings from memory whereas ASX is 2000+ and that capitalisation spread across the top 10, 200B to 2B!

 

Great for Danes with a home country bias

 

The good times roll on for Danish investors

Stock is up over 30% last six months and over 60% last 12. months

Full article here

Cheers,
Oracle.

 

Novo is copping it in some countries (USA esp) for anti-competitive behaviour for threatening pharmaceutical distributors who sell the generic semaglitude (THAT IT ALSO MAKES). This is like GSK threatening pharmacies for selling paracetamol rather than panadol. Our appalling ozempic supply (Novo also) is a consequence of this too. Novo havent been able to supply ozempic properly in three years so its claims are a bit hard to take. Meanwhile other prodcts fill the market and to counter this Novo have rebadged its product to make it sound different. Its failing as much as its performing. And instead of delivering its threatening supply chain. Wegovy is a rebadge....and so is Rybelsus. Its a cheap tablet version of ozempic.

 

Seems like you think it's a good candidate to short. If your theory is sound there is money to be made, especially if the rest of the market doesn't know about it. Are you shorting it?

Cheers,
Oracle.