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Nordic investors increase usage of ETFs – but not to one size fits all

BlackRock and Danske Bank Wealth Management experience mixed demand for exchange traded funds across Nordic markets.

Some of the world's largest asset managers, measured by AuM, are increasing their physical presence in Denmark, Finland, Norway and Sweden. | Photo: Colourbox

The Nordic countries can, in some instances, be seen as one homogenic market. This, however, does not apply to investors’ use of exchange traded funds (ETFs), according to Matti Tammi, Nordic head of the world's largest ETF provider, BlackRock's iShares:

"Finland is currently our biggest institutional market, closely followed by Denmark.  However, we are seeing more Swedish and Norwegian institutions start to adopt ETFs in their asset allocation," he says to AMWatch:

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