Momentum in retail sales drives Nordea's AUM to all-time high

Nordea's Group CEO Frank Vang-Jensen is pleased to see increased momentum in retail fund net inflows and believes that the largest Nordic banking group will enter the post-pandemic future in a position of strength.

Nordea's President and Group CEO Frank Vang-Jensen. | Photo: 10030 Jonas Ekströmer/TT/TT NYHETSBYRÅN / TT NYHETSBYRÅ

Nordea Group's assets under management increased by 5 percent during the first quarter to an all time high of EUR 372bn, up from EUR 353.8bn at the end of last year, the company's Q1 report reveals.

The year-on-year growth in assets under management corresponds to 33 percent.

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