As reported by AMWatch, Handelsbanken's second quarter report showed that assets under management grew by 5 percent from the first quarter, up to SEK 980bn (EUR 95.7bn). Compared to the corresponding period last year, the increase is 34 percent.
This is the result of a long-term project to improve the results, Handelsbanken Asset Management's Head of Institutional Sales, Nils Jutterström, tells AMWatch. The mutual fund unit, Handelsbanken Fonder, is a subsidiary of Handelsbanken AM but provides the majority of the AUM. Of the total, SEK 892bn (EUR 87bn) is invested in the bank's mutual funds, which increased by 36 percent compared to the corresponding period last year.