AMWatch

Nykredit WM sees subsidiary Sparinvest bring in half of inflows and returns

Two years ago, Nykredit acquired Danish asset manager Sparinvest. In Q1 2021, the subsidiary accounted for half of the increases in both inflows and returns, Peter Kjærgaard, head of Nykredit Wealth Management, tells AMWatch.

Peter Kjærgaard, head of Nykredit Wealth Management. | Photo: Stine Bidstrup/ERH

Nykredit Wealth Management saw strong inflows and strong returns in Q1, increasing assets under management by 6 percent or DKK 22bn (EUR 3bn), up to DKK 394bn (EUR 53bn).

Net inflows to Denmark's second-largest asset manager totaled 14.7bn (EUR 2bn) in the first quarter, almost half of 2020's total net inflow of 30.7bn (EUR 4.1).

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