NAM's inflow impacted by divestment of its Danish pension business

The largest asset manager in the Nordics increased assets under management by 4 percent in the second quarter. Net inflows totaled EUR 2.6bn with continued strong momentum from internal channels, but outflows occured related to the divestment of Nordea Life & Pensions Denmark in 2018.

Assets under management at Nordea Group increased by 4 percent during the second quarter to EUR 387.4bn, up from EUR 371.7bn at the end of the first quarter, the company's first half-year report published today reveals.

The year-on-year growth in assets under management corresponds to 24 percent, somewhat less than the record year-on-year growth after the first quarter of this year of 33 percent.

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

OP's AUM growth slows down slightly in Q2

OP Financial Group's mutual funds' AUM increased in Q2, though at a slower pace than in Q1. For the first half year of 2021 as a whole, the bank's mutual funds have attracted more than 100,000 new unitholders.

Further reading

Related articles

Trial banner

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch