Assets under management at Nordea's wealth and asset management operations reached all-time highs of EUR 354bn over the last quarter of 2020, up 9 percent from EUR 325bn at the end of 2019.
The company also recorded the highest quarterly net inflow of EUR 8.2bn since the third quarter of 2016, and the second highest ever. Annualized new flows as percentage of assets under management went down to -4 percent over the first quarter, but totaled to 10 percent over the fourth quarter.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for AMWatch has now started
With your free trial you get:
Full access to all locked articles on AMWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.