AMWatch

Nordea: Reasons for billion Euro outflow of Stable Return Fund

Nordeas' flagship fund, Stable Return Fund, has seen outflows of EUR 3.22 billion, according to figures published by Citywire this week. The firm is also merging its Stable Equity Long/short fund into a mixed asset approach overseen by Asbjørn Trolle,Head of Multi Asset Management. Trolle comments to AMWatch on both stories.

Asbjørn Trolle Hansen explains reasons for massive outflow of Nordea Stable Return Fund | Photo: Nordea

Earlier this week Citywire published an article naming five funds currently active in the asset management industry, showing which were seeing the highest levels of outflow during the first two quarters of 2018.

Together with Templeton Global Total Return, Carmignac Patrimoine, Jupiter JGF Dynamic Bond and Pimco Gis Income, Nordea's flagship fund, Stable Return Fund, was one of the five with the biggest outflow.

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