Net flows and markets bring down Nordea's AUM in Q3

”Asset prices and investment opportunities need to adapt to a new reality,” says Nordea President and Group CEO Frank Vang-Jensen.
The third quarter was characterized by a fragile macroeconomic and geopolitical environment, writes President and Group CEO Frank Vang-Jensen. | Photo: Gregers Tycho/ERH
The third quarter was characterized by a fragile macroeconomic and geopolitical environment, writes President and Group CEO Frank Vang-Jensen. | Photo: Gregers Tycho/ERH

Nordea Asset and Wealth Management saw a drop of EUR 3.4bn – or -0.9% – in its AUM in the third quarter of 2023, with assets reaching EUR 359.7bn, down from EUR 363.1bn at the end of Q2.

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