Net inflows boosted AUM at Denmark's second-largest asset manager in Q1

Nykredit Wealth Management saw an increase in assets under management of 6 percent in the first quarter of the year, thus beating domestic competitors.

Nykredit's headquarters in Copenhagen. | Photo: Thomas Borberg

Boosted by net inflows, assets under management at Denmark's second-largest asset manager rose by 6 percent or DKK 22bn (EUR 3bn) to DKK 394bn (EUR 53bn) in the first quarter of the year.

"The rise comprised of positive net sales of DKK 14.7bn (EUR 2bn), driven by demand from international clients, Private Banking Elite clients and the Group's savings products, as well as positive returns of DKK 7.3bn (EUR 1bn)," Nykredit writes in its Q1 report released on Thursday.

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