KLP's external assets drop despite decent inflow

After seeing a major increase in the first half of the year, assets managed on behalf of external clients dropped slightly in Q3 at Norway’s second-largest asset manager. 
The headquarters of KLP in Oslo. | Photo: PR/KLP
The headquarters of KLP in Oslo. | Photo: PR/KLP

In the third quarter, KLP Kapitalforvaltning saw a decent increase in its assets under management, but a slight drop in its assets managed on behalf of external clients, the manager’s fresh Q3 report reveals. 

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