Nordea Liv moves billions between own funds

Nordea came in both first and last when it came to mutual fund subscriptions in April in Norway. The fact that Nordea Liv moved billions of kroner within the bank explains this.

Sigrid Wilter Slørstad, Head of Sustainable Investments at Nordea Liv | Photo: Nordea

Almost 20 percent of subscriptions in Norwegian bond funds in April were created through one trade, when Nordea Liv injected EUR 360m (NOK 3.6bn) into Nordea Kreditt Star S.

This was not new pension capital, but money that was brought in from another Nordea-managed fixed income fund, Nordea FRN Kreditt. After the capital transfer, this fund plummeted to the bottom of the net subscriptions list for April.

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

More from AMWatch

SSGA launches HY index fund with ESG screens in effort to convert active investors

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.

Further reading

Related articles

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch