Storebrand AM CEO points to sustainability focus as reason for modest Q2 outflow

CEO Jan Erik Saugestad explains Storebrand’s fairly modest net outflow in the second quarter with sustainability and alternatives offerings.

Jan Erik Saugestad, CEO at Storebrrand Asset Management. | Photo: PR/Storebrand

With assets under management declining by 3.6% to NOK 1,009bn (EUR 98.1bn) in the second quarter, Norway’s largest asset manager seems to be faring fine compared to its Nordic peers.

Assets under management dropped by NOK 38bn (EUR 3.7bn) with only NOK 2bn (EUR 194.4m) stemming from customers redeeming their money.

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