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Swedbank Robur's AUM plummets by 12 percent in Q1 as corona bites

One of Sweden's largest asset managers faced heavy outflows across its funds amidst the corona-led downturn

Photo: Swedbank Robur/PR

Swedbank Robur's AUM fell 12 percent in Q1 to EUR 87 billion (SEK 951 billion) of which the lion's share is related to the Swedish home market.

The decrease of 13 percent in the Swedish business was mainly due to negative value development, and to net fund outflows in the period. In the Baltic countries, the decrease of 4 percent was entirely due to the weak market.

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