OP Financial Group's mutual funds' AUM increased in Q2, though at a slower pace than in Q1. For the first half year of 2021 as a whole, the bank's mutual funds have attracted more than 100,000 new unitholders.
Nearly all Nordic institutional investors highlight market asset bubbles as their biggest concern, an MFS Investment Management survey states. The coming decade will yield lower investment returns than they have been historically, the asset manager predicts.
Reintroducing the brand to Nordic clients and building a stronger local team helped DWS to grow. Passive, ESG and alternatives were key segments, the Head of Nordics Thomas Lindahl tells AMWatch, which met up with him in Stockholm.
For the first time in years, Danske has experienced net inflows to its retail funds in Denmark. The bank's CEO, Carsten Egeriis, expects more time to talk to customers about their investments, as they have been preoccupied with the bank's scandals in recent years.
During the first half of 2021, gross premiums paid to Danske Bank's pension arm have increased by 30.2 percent compared to the same period last year. However, the company still reports a deficit for its illness and accident insurance business.
Cryptocurrency hedge fund ARK36, founded in Cyprus by a Danish team led by Ulrik K. Lykke, is expanding its investment team based in Larnaca. Loukas Lagoudis is joining the company as Executive Director and Socrates Minas as Investor Relations Manager.
Danske Bank has the lowest AUM increase among the Nordic asset managers who have reported Q2 results. According to the bank's new CEO, Danske's financial scandals are still weighing on customer sentiment.