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Strong institutional inflow to KLP Kapitalforvaltning in Q1

Net inflows, especially from institutional customers, helped reduce the AUM decline at Norway’s third-largest asset manager, which fared better than most of its Nordic peers in Q1.

Håvard Gulbrandsen, CEO at KLP Kapitalforvaltning. | Photo: KLP

Assets under management at KLP Kapitalforvaltning shrank during the first quarter of the year, but assets from external customers dropped less due to strong inflows from both retail and institutional clients, neutralizing a lot of the AUM damage caused by negative returns.

”We are happy with the flow from external customers, and we have seen a very strong net flow on the institutional side. On the retail side, we see the turmoil reducing inflows, which were lower than last year but still on the positive side,” Håvard Gulbrandsen, CEO at KLP Kapitalforvaltning, tells AMWatch in an interview conducted more than a week after KLP released its Q1 report.

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