DNB Asset Management less affected by market turmoil than most Nordic peers

Norway’s second-largest asset manager saw net outflow and declining assets under management, but less so than most of its Nordic peers that have released Q1 reports so far, AMWatch’s comparison shows.

DNB's Headquarters in Bjørvika, Oslo. | Photo: PR/DNB

by ANNE LOUISE HOUMANN

Assets under management at Norway’s biggest banking group fell by 5.4 percent or NOK 47bn (EUR 4.8bn) to NOK 818bn (EUR 83.2bn) in the first quarter of the year.

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DNB Asset Management less affected by market turmoil than most Nordic peers

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Another tough month for Nordic investment fund markets - just one country reports positive year-to-date net inflows

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Front page now

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Further reading

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

DNB allows pension savers lucrative chance to opt out of guarantee

Pensions agency wants to help Swedish premium pension savers make "wise decisions"

Verdane sacks imprisoned employee accused of insider trading

Coeli poaches new head of wealth management from rival amid growth push

Size matters "more and more" in AM industry, Carnegie Fonder CEO says