DNB AM sits on by far largest share of Norway's fund market

Banks are taking market shares in the Norwegian investment fund market, and none are bigger than DNB, crushing competitors in 2023 so far.

Head of Wealth Management at DNB, Håkon Hansen, says that the competition in the fund market is tough. | Photo: PR / DNB

by martin fuglseth kolden, translated by Katrine Gøthler & Christian Radich Hoffman

Storebrand’s strong lead over other major banks in terms of fund sales is diminishing. A report by the Norwegian FSA for 2022 revealed that the banks’ total earnings from asset and fund management increased by NOK 0.7bn (EUR 60m) in 2022 while independent asset managers’ profits fell by NOK 2.3bn (EUR 197.17m).

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DNB AM sits on by far largest share of Norway's fund market

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New DNB retail clients break Norwegian trend by doubling Q1 savings rate

Storebrand AM bets on credit to maintain strong momentum

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Front page now

Nicolai Tangen is a huge fan of the Women in Finance Charter but stresses that promotions must be fair

Pension funds abandon dialogues with oil majors and divest shares

Swedish asset manager kicks off new fund with leading Nordic institution

More than one third of managers do not report ESG violations to Varma, despite shared values

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

BankInvest to optimize investment processes with new hire

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Nordics show clear appetite for new asset classes, BlackRock survey reveals

28 Nordic investors in new alliance to engage companies on nature risk

Storebrand growth fund gets new portfolio manager

Danish pension fund invests to support female entrepreneurship in Southeast Asia

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

Further reading

Swedish asset manager kicks off new fund with leading Nordic institution

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

BankInvest to optimize investment processes with new hire

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

Nordics show clear appetite for new asset classes, BlackRock survey reveals

Nordics score low in the number of female fund managers yet again, new research finds

Jobs