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AMWatchMonday29 May 2023
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Foto: Finn Frandsen/Ritzau Scanpix

AMWatch closed on Monday, May 29

There will be no AMWatch newsletter on Monday, May 29. The media is closed due to a public holiday.
  • Nordea hires Amundi's Kasper Elmgreen as new CIO
  • OP plans to upgrade funds and launch new dark green fund
Influencers that advise on financial products have drawn the attention of the European Commissioner for financial services, Mairead McGuinness. | Foto: Aurore Martignoni / European Union

EU to crack down on "finfluencers"

For subscribers

Hanna Kaskela, director of responsible investment at Varma. | Foto: PR Varma.

Finnish pension giant revamps the role of responsible investment

For subscribers

Håvard Gulbrandsen is the CEO of KLP Kapitalforvaltning, the asset manager of Norway's largest pension company Kommunal Landspensjonskasse (KLP). | Photo: PR / KLP

KLP: Nordic investor's share of active funds is irrational

For subscribers

Anders Schelde is CFO at AkademikerPension. | Foto: Pr/mp Pension

AkademikerPension invests in French climate fund

For subscribers

"The purpose of this law package is to improve results for retail investors," Executive Vice-President of the European Commission, Valdis Dombrovskis says. | Foto: Tt News Agency/Reuters/Ritzau Scanpix

EU to combat "biased and unfair" investment counseling

For subscribers

  • At least 40,000 years old paintings that depict animals discovered in caves on the island of Sulawesi are rewriting the history of art. | Foto: Handout/Reuters/Ritzau Scanpix

    Oil fund puts Indonesian company on observation list, fearing damage to cultural heritage

    Some of the oldest rock art in the world can be found in the areas where an Indonesian company operates. This includes cave art which is at least 43,900 years old.
  • Buildings under construction in Stockholm, Sweden. | Foto: Simon Johnson/Reuters/Ritzau Scanpix

    Swedish housing starts slump 55% in latest sign of crisis

    Sweden’s residential property market saw construction levels falling by more than half in the first quarter as one of the world’s worst real estate routs continues to gather steam.

    For subscribers

  • Foto: Dado Ruvic/Reuters/Ritzau Scanpix

    AI intrigues ETF managers as both investment and tool

    Artificial intelligence is inculcating throughout the almost USD 7trn US exchange-traded fund industry, both as technology for managing funds and as a new frontier for investment.

    For subscribers

  • Richard House, head of emerging market debt at Allianz Global Investors, thinks that we will see the same level of return in emerging markets’ sovereign debt as typically seen in equities. | Foto: Magnus Eidem

    Allianz pursues using ESG to find excess return in emerging market debt

    Allianz’ head of emerging market debt believes that 2023 will be the year that government bonds from emerging markets will yield just as positive returns as equities.

    For subscribers

  • Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Photo: Jan Bjarke Mindegaard

    Analysis: How urgent are cost cuts in the AM industry?

    The asset management industry is facing a significant growth in costs when several managers struggle to get sales and income back on track. Is it constant care and prudent business to act now? 

    For subscribers

  • The Kraft Heinz Group has agreed to pay USD 450m in a settlement with a group of plaintiffs.

    Food giant agrees to USD 450m settlement with AP7-led plaintiffs

    Kraft Heinz has agreed to settle a lawsuit by a group of investors led by the Swedish pension fund. The plaintiffs accused the company of making misleading statements in connection with a merger.

    For subscribers

  • Sara Midtgaard is a senior economist at investment bank Handelsbanken. | Foto: Bård Gudim / Handelsbanken

    Handelsbanken maintains outlook on marked price drops in Norway's commercial real estate market

    The price tag on the most lucrative of office spaces in Oslo is forecasted to decrease by 25%, Handelsbanken Capital Markets foresees, prompting upwards adjustment of the required rate of returns.

    For subscribers

  • Claus Mathisen, CEO at Urban Partners. | Foto: Pr / Nrep

    Urban Partners raises record EUR 3.6bn to buy Nordic property

    Turmoil in Nordic real estate markets has started attracting interest from investors looking to take advantage of landlords shedding assets to weather a looming liquidity crunch. 

    For subscribers

  • Mining is one of the sectors that have paid out big dividends and has still seen investors shy away. | Foto: Hendrik Schmidt/AP/Ritzau Scanpix

    Record dividends no match for recession woes gripping market

    Even record dividends aren’t tempting investors enough to bet on stocks they see as more vulnerable in a recession.

    For subscribers

  • Foto: Ilmatar Energy

    CIP makes first investment in Nordic onshore wind farms

    CIP enters partnership with Finnish Myrsky Energia in a deal that concerns the development of onshore wind farms for a total of EUR 2.3bn.
  • Every year in April, cherry trees blooming attract thousands of visitors to Bispebjerg Cemetary on the outskirts of Copenhagen. | Foto: Jens Dresling/Ritzau Scanpix

    April saw strong inflows to the two smallest Nordic fund markets

    April is the best month so far this year for the Finnish fund market, driven by net flows from especially three fund managers.
  • The headquarter of KLP is situated in Oslo | Foto: PR / KLP

    KLP books all-time high AUM boosted by external customers

    In Q1, assets managed on behalf of external clients increased by double digits at the third-largest Norwegian asset manager, KLP Kapitalforvaltning. 

    For subscribers

  • A view of Stockholm, Sweden. | Foto: Ken Ross/AP/Ritzau Scanpix

    The face of Sweden’s property bust fights for USD 13bn empire

    A Yugoslav refugee turned Swedish property tycoon is fast running out of options to stabilize his USD 13bn empire, and the outcome will have ripple effects across Europe’s real estate industry.

    For subscribers

  • Shell will commence its annual general meeting today, Tuesday. | Foto: May James/Reuters/Ritzau Scanpix

    PFA met with criticism for increasing investment in oil company

    At the annual general meeting on Tuesday, PFA will vote against Shell’s own climate plan and at the same time refrain from supporting a stricter proposal from a number of investors.

    For subscribers

  • Mia Nyberg has been appointed CEO of the Swedish fund manager Storebrand Fonder. | Foto: Storebrand Fonder / Pr

    Storebrand Fonder finds new CEO within own ranks

    The Swedish fund manager Storebrand Fonder has found a replacement for its current CEO Åsa Wallenberg, who was recently poached by another major Swedish fund manager.

    For subscribers

  • Erik Dansbo is chief investment officer at Swedish Slättö. He calls it an honor to land Lærernes Pension as investor | Foto: PR / Slättö

    Danish pension fund invests DKK 400m in new real estate fund

    A Swedish private equity fund gets Danish pension and life insurance fund Lærernes Pension on board as anchor investor.

    For subscribers

  • Maunu Lehtimäki, CEO of Evli Plc. | Foto: PR Evli.

    Defense investments are hardly a black and white issue, says Evli CEO

    Discussions of military investment exclusions after Russia’s full-scale invasion of Ukraine have soared for a good reason, asserts the CEO of Finnish Evli, Maunu Lehtimäki. 

    For subscribers

  • Bjarne Graven Larsen, founder and CEO at Qblue Balanced. | Foto: Pr / Qblue Balanced

    Graven Larsen’s Qblue funds keep their AAA ratings despite massive MSCI downgrades

    Only 0.2% of all funds now have an ESG AAA rating from MSCI compared to previously 19.9%.

    For subscribers

  • Nykredit Group Chief Executive Michael Rasmussen. | Foto: Pr/nykredit

    Nykredit surpasses Danske Invest on Danish retail fund market

    Denmark’s second-largest asset manager, Nykredit, now holds 18% of the Danish retail fund market, according to new figures from Finance Denmark.

    For subscribers

  • Christian Kettel Thomsen, Chairman of Danmarks Nationalbank’s Board of Governors as of 1 February 2023 | Foto: Jens Dresling

    Danish housing is stable after 'quite a fall', governor says

    Denmark may have seen the worst of its housing-market slump and any economic impact should prove less painful than in neighboring Sweden, the country’s central bank governor suggested.

    For subscribers

Latest news

  • AMWatch closed on Monday, May 29 – 26 May
  • EU to crack down on "finfluencers" – 26 May
  • Finnish pension giant revamps the role of responsible investment – 26 May
  • KLP: Nordic investor's share of active funds is irrational – 26 May
  • AkademikerPension invests in French climate fund – 26 May
  • EU to combat "biased and unfair" investment counseling – 26 May
  • Oil fund puts Indonesian company on observation list, fearing damage to cultural heritage – 26 May
  • Swedish housing starts slump 55% in latest sign of crisis – 26 May
  • AI intrigues ETF managers as both investment and tool – 25 May
  • Allianz pursues using ESG to find excess return in emerging market debt – 25 May
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