AMWatch

Storebrand AM's Q2 result exceeded expectations, CEO says

Sustainable solutions were a key driver, but alternative investments were also a strong contributor to the growth this quarter. Total year-to-date inflows amount to NOK 29bn (EUR 2.8bn), Storebrand Asset Management CEO Jan Erik Saugestad tells AMWatch.

Jan Erik Saugestad, Storebrand Asset Management. | Photo: PR/Storebrand

"We have high ambitions, but the result exceeded our expectations," Storebrand CEO Jan Erik Saugestad tells AMWatch about the latest quarterly figures.

In the report published on Wednesday morning, Storebrand announced that it has surpassed NOK 1,000bn (EUR 96.8bn) in assets under management, after a quarter with strong growth. Assets grew by 5 percent, or NOK 50.1bn (EUR 4.8bn). In comparison, they grew by 2.6 percent during the first quarter.

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