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AUM at Nykredit WM still below 2019 year-end

After Q3, AUM at Danish mortgage bank group Nykredit is still below the 2019 year-end, while assets under administration have risen due to a higher net inflow. 

Nykredit's headquarters in Copenhagen. | Photo: Martin Lehmann/Politiken/Ritzau Scanpix

Asset under management at Nykredit Wealth Management, part of Denmark's largest mortgage bank group, declined by DKK 3.4bn (EUR 457m) to DKK 332.4bn (EUR 44.6bn) after Q3.

"The decrease comprised positive net sales of DKK 4.4bn (EUR 591m), driven by demand from international clients, Private Banking Elite clients, and the Group's savings products, as well as negative returns of DKK 7.7bn (EUR 1.0bn)," Nykredit writes in the Q3 report, released on Wednesday morning.

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