AMWatch

Nordea's asset management continues to grow among professional investors

While devaluations totaling millions characterize the largest Nordic financial institution's quarterly financial statement, its asset management division remains a highlight.

Photo: Jens Dresling

By the end of the third quarter, Nordea Asset & Wealth Management's (AWM) total assets under management have exceeded EUR 313.7bn, confirming the Nordea group's position as the largest asset manager in Northern Europe.

In particular, sales to major institutional clients are growing. The net inflow of assets under management in Q3 alone amounted to EUR 1.8bn, which means that Nordea AWM's increase in assets under management from professional clients in a single quarter is equivalent to the total assets under management of Danish mutual fund provider Maj Invest. Naturally, measured in percentage, the growth is more modest.

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