Positive net sales at Danske Bank AM in Q1 despite expectation of institutional outflow

The asset management business at Denmark’s largest banking group saw AUM decline in the first quarter, albeit at a lower percentage than its Nordic peers that have reported Q1 numbers so far.
Danske Wealth Management is based in Lyngby in the northern suburbs of Copenhagen. | Photo: Mogens Flindt
Danske Wealth Management is based in Lyngby in the northern suburbs of Copenhagen. | Photo: Mogens Flindt

Assets under management in Denmark’s largest banking group fell by 5.1 percent, or DKK 41.7bn (EUR 5.6bn) to DKK 770.8bn (EUR 103.6bn), in the first quarter.

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