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Nordea's ESG products attracted 90 percent of Q2 net flows

Almost all the new money that flowed into Nordea's USD 455bn wealth and asset management unit in the second quarter was headed for environmental, social or governance investments.

Snorre Storset, who heads Nordea's asset and wealth management arm. | Photo: PR / NORDEA

ESG accounted for 90 percent, or EUR 2.4bn, of second-quarter net flows, and drove funds under management to an all-time high, according to Nordea.

Snorre Storset, who heads Nordea's asset and wealth management arm, says the bank has been bringing in more people who really understand the science behind climate change to get ahead of competitors.

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