Assets under management at Nordea’s Asset & Wealth Management (AWM) unit, which is made up of private banking, asset management and Life & Pensions, increased to EUR 324.1 billion by the end of Q4 2019, up EUR 10.3 billion or 3 percent from the previous quarter.
The increase in AUM in the fourth quarter was mainly due to market appreciation of EUR 9.8 billion, while net inflow was EUR 0.5 billion according to the banking group's annual statement.
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