SEB Investment Management CEO wants sales to improve – but is pleased with increased AUM
Operating income rose by 25 percent compared to last quarter and a strong stock market development has contributed to an increase in assets under management for SEB's fund division. Net sales for discretionary mandates were also positive, but SEB Investment Management CEO Javiera Ragnartz tells AMWatch she hopes fund sales will improve.
Two years ago, KLP Kapitalforvaltning accounted for 4 percent of inflows to Norwegian retail funds. Now, its share is 17.6 percent. "It's been a dramatic change," says CEO Håvard Gulbrandsen, who thinks sustainable funds, low prices and new dynamics in the Norwegian retail market are responsible.
The Swedish Pensions Agency has been busy recently, with a first foray into real estate and new terms and conditions for its fund platform meaning lower fees for savers. Fund department chief Erik Fransson also discusses whether going fossil free has had an impact on returns.
Five new guidelines aim to create more transparency about how Danish pension funds asses the value of unlisted assets – but according to several pension firms, they already live up to these principles.