The downturn on the financial markets has affected the largest asset management business in the Nordics, Nordea Asset & Wealth Management, where total AUM dropped by EUR 44.3 billion to EUR 280.4 billion during Q1.
This interrupts the increase in AUM that happened during all quarters of 2019. The bank has not experienced a drop in AUM since the final quarter of 2018, which was also affected by negative financial markets.
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