Nordea’s Storset takes stock of 2018 — the year when AUM plunged

As investors shifted their preferences towards riskier strategies, Nordea AM's Stable Return Fund suffered a multi-billion outflow in euro terms in 2018. But once market conditions change, Nordea AM's head expects the strategy to recover the lost ground.

Photo: Thomas Borberg

As Snorre Storset, head of Asset & Wealth Management at Nordea, looks back over the year just ended — one in which assets under management (AUM) at the business fell 14 percent to EUR 283 billion — he notes that Nordea's flagship fund, the Stable Return Fund, saw outflows of EUR 5.5 billion in 2018:

"This obviously impacted our figures. However, we saw that similar low volatility absolute return funds from our big competitors also had significant outflows in Europe during 2018," he tells AMWatch, adding:

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