Positive returns boosted AUM at Danske Wealth Management to DKK 1,560bn (EUR 209.5bn) by the end of the second quarter, but compared to the end of 2019, AUM has declined by DKK 56bn (EUR 7.5bn).
"The decrease was driven primarily by negative developments in the financial markets towards the end of the first quarter 2020 in addition to a general need for liquidity among customers during the corona crisis affecting net sales negatively," Danske states in the half-year report published Friday.
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