Positive net sales reduce AUM drop at Jyske Capital

Jyske Capital has the smallest drop in assets under management among the Nordic asset managers who have released their Q1 reports.

Jyske Capital and Jyske Bank are headquartered in Silkeborg in the mid-eastern part of Jutland in the western part of Denmark. | Photo: PR/Jyske Bank

Denmark’s third-largest asset manager saw assets under management decline by 3.8 percent or DKK 8bn (EUR 1.1bn) to DKK 200bn (EUR 26.9bn) in Q1.

”The decline is caused by negative returns and divestment of international private banking activities. On the other hand, assets under management were positively affected by net sales in solution products to retail clients, especially from the private banking segment and a positive net sale to institutional clients,” Jyske Bank writes in its Q1 report released on Tuesday.

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