AMWatch

Storebrand's AUM grows 18 percent in a year – now exceeds NOK 1,000bn

Assets under management have grown by NOK 157.3bn (EUR 15.2bn) year-on-year, mainly due to external institutional clients, the Norwegian firm writes in the new Q2 report.

Storebrand AM CEO Jan Erik Saugestad

Reporting season is underway and Norwegian giant Storebrand Group follows DNB by noting that assets under management in its subsidiary Storebrand Asset Management grew by 5 percent during the second quarter. That equates to a NOK 50.1bn (EUR 4.8bn) growth and means that the firm's AUM now surpass the NOK 1,000bn (EUR 96.8bn)mark.

Total assets now amount to NOK 1,037bn (EUR 100.4bn). At the end of the first quarter, they totaled NOK 987bn (EUR 95.5bn) after growing by 2.6 percent during the period.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

After two years of preparation: Robur launches dark green prestige fund

Sweden's largest fund manager is launching a climate impact fund with Swedbank's insurance unit as anchor investor. "We've had some great interest from larger investors and are in close contact with several potential investors that have expressed an interest," the new fund's portfolio manager tells AMWatch.

Further reading

Related articles

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch