KLP Kapitalforvaltning conquers market shares with low priced sustainable funds
Two years ago, KLP Kapitalforvaltning accounted for 4 percent of inflows to Norwegian retail funds. Now, its share is 17.6 percent. "It's been a dramatic change," says CEO Håvard Gulbrandsen, who thinks sustainable funds, low prices and new dynamics in the Norwegian retail market are responsible.
KLP Asset Management saw an 8.2 percent increase in external assets under management during Q1, taking them up to NOK 111.8bn (EUR 11.1bn). For the first time, most of the inflow came from the retail segment.
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