Sweden’s largest fund manager, Swedbank Robur, strengthens its board by bringing in former AMF Fonder CEO Gunilla Nyström and Lars Afrell, former chief legal counsel at Swedish Securities Dealers’ Association.
The decision to bring them in was taken at Robur’s recent annual general meeting.
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95 percent of active global high-yield managers struggle to consistently add value net of fees, according to the world's fourth-largest asset manager ahead of launching a global HY index fund. However, a recent survey by consultancy Kirstein showed a vast majority of Nordic investors preferring their HY portfolios actively managed.