Danske Wealth Management's AUM still below year-end 2019

Assets under management at Danske Bank's Wealth Management unit is still below the AUM by year-end 2019. According to the half-year report from Denmark's largest bank, the corona crisis affected net sales negatively.

Danske Wealth Management is based in Lyngby in the northern suburbs of Copenhagen. | Photo: Mogens Flindt

by ANNE LOUISE HOUMANN

Positive returns boosted AUM at Danske Wealth Management to DKK 1,560bn (EUR 209.5bn) by the end of the second quarter, but compared to the end of 2019, AUM has declined by DKK 56bn (EUR 7.5bn).

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Danske Wealth Management's AUM still below year-end 2019

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Front page now

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Norwegians are investing record amounts in funds

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Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager