AMWatch

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.

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