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CEO of KLP Kapitalforvaltning especially happy with September's retail net inflow

Things slowed down a bit for KLP Kapitalforvaltning in Q3, but CEO Håvard Gulbrandsen is still very happy with the inflow from external customers.

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

Assets under management at KLP Kapitalforvaltning, which manages most of the assets in Norway's largest pension company, KLP, grew by 3.2 percent or NOK 20.4bn (EUR 2.1bn) to NOK 648bn (EUR 65.4bn) in the third quarter.

Of this, NOK 123.8bn (EUR 12.5bn) comes from external customers investing in KLP's mutual funds. Here, assets under management grew by 2.1 percent in the third quarter, down from 8.5 percent in the second quarter.

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