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Nykredit's WM division bolsters alternatives amid growing AuM

Nykredit Wealth Management booked a positive Q1 net sales result totaling to a DKK double-digit billion figure, and assets under management have grown past DKK 230bn.

Photo: Sara Gangsted/Ritzau Scanpix

Nykredit's Wealth Management division describes its most recent quarter as solid, and the pre-tax result landed at DKK 113m relative to DKK 102m from Q1 of 2018.

"Incomes grew due to growth in assets under management and capital placed in Nykredit's mutual funds," the bank writes in its first quarter interim report. 

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