Nykredit WM hits double-digit AUM growth in Q4
Net sales were the main driver for the increase in AUM at Nykredit Wealth Management. Q4 was by far the best quarter of 2020 for the wealth management arm of Denmark's largest mortgage banking group.
Q4 was a positive quarter for Nykredit Wealth Management. When the Covid-19 crisis set in, assets under management fell in last year's Q1. After the third quarter, the asset management arm of Denmark's largest mortgage provider hadn't recuperated what was lost during the first three months of the year. But that changed in Q4 when assets under management surged by 11.8 percent to DKK 371.7bn (EUR 49.9bn).
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