Underweight of Danish equities and Gilbraltar divestment dampened growth at Jyske Capital

At Jyske Capital, AUM growth in 2020 was hampered by the divestment of the Gibraltar branch and too few Danish Equities in the portfolios in the beginning of the year. Jyske Bank's asset management unit lead, Henning Mortensen, is happy with the inflow into Danish bonds and corporate bonds strategies.

Henning Mortensen, head of Jyske Capital. | Photo: PR / Jyske Capital

Denmark's third-largest asset manager came out of 2020 with growth in the lower end of things relative to its Nordic peers. Here, underlying factors include a lower initial weight of Danish equities in cross-asset solutions and the divestment of the branch in Gibraltar, along with a tough first quarter due to the Covid-19 outbreak.

"Most of the losses in the first quarter were market driven. We lost DKK 15bn [EUR 2.02bn, -ed.] , but since then, we have seen a growth of DKK 19bn with a pretty fantastic development since end-March. Inflows have actually also been quite okay since then," Henning Mortensen, head of Jyske Capital, tells AMWatch.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

ETF specialist hires Nordic director

The US-based provider of exchange-traded products is strengthening its Nordic sales team with Amundi's former Head of ETF and Indexing in the Nordics.

Further reading

Related articles

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch