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External AUM at KLP increased in Q2 despite halved net sales

Net sales from retail clients continue to boost external assets under management at KLP Kapitalforvaltning, which has just overtaken Skagen as the third-largest retail fund manager in Norway.

Håvard Gulbrandsen, CEO of KLP Kapitalforvaltning. | Photo: PR/KLP

KLP Kapitalforvaltning, the asset management arm of Norway's largest pension company, increased assets under management by 4.2 percent or NOK 25.1bn (EUR 2.4bn) up to NOK 627.6bn (EUR 60.4bn), during the second quarter.

Most of this increase comes from Kommunal Landspensjonskasse (KLP), while external assets under management grew by 8.5 percent or NOK 9.5bn to NOK 121.3bn (EUR 11.7bn) in Q2.

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