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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.

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