Media: Nordea also sells funds with a negative expected return

Two of Nordea's bond funds appear to operate on conditions similar to those that led to Danske Bank terminating Jesper Nielsen's contract.

Photo: Ritzau Scanpix/Liselotte Sabroe

In two bond funds, Nordea appears to apply the same method to increase earnings as the one that on Monday cost Jesper Nielsen his job at Danske Bank.

The costs of the two funds are high enough for customers to expect a negative return if Nordea allocates their assets to them, writes Finans. The media has asked independent adviser and investment expert Nikolaj Holdt Mikkelsen to review Nordea's bond funds.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

New paper slams model portfolio boom for conflict of interest

So-called model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according a trio of academics, including Associate Professor from the Norwegian School of Economics Nataliya Gerasimova.

Further reading

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch