AMWatch

Jyske Bank criticized over lack of advisory services after fund merger

Clients at Jyske Bank were not advised in connection with the merger of six Jyske Invest funds into a new sustainable equity fund, leading to changes in clients' portfolio constructions. This is now being widely criticized, which the bank maintains is unfounded.

Photo: Simon Fals

Earlier this year, a number of funds offered by Jyske Invest were merged into one large fund, changing clients' portfolio constructions.

For example, clients investing in Danish or European equity were moved over to the new global fund, which has a completely different returns and risk profile than the funds that were shut down, as well as a different sustainability focus.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and to hear about their career experiences. 

Further reading

Related articles

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch